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North Cook News

Wednesday, November 27, 2024

Hoffman Estates (Cook County) home prices fall in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Hoffman Estates in Cook County fell by $8,250 while total sales decreased by 8.8%, according to BlockShopper.com.

From January through June of 2019, there were 364 homes sold, with a median sale price of $241,750 - a 3.3% decrease over the $250,000 median sale price for the same period of the previous year. There were 399 homes sold in Hoffman Estates in the first half of 2018.

The median sales tax in Hoffman Estates for the most recent year with available data, 2018, was $6,145, approximately 2.5% of the median home sale price for the first half of 2019.

The following table compares Hoffman Estates to other Cook County cities with similar median sales prices in the first half of 2019:

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Orland Park477559-14.7%$255,000$247,0003.2%
Elmwood Park157185-15.1%$255,000$255,0000%
North Riverside3542-16.7%$255,000$233,0009.4%
Forest Park143161-11.2%$248,000$215,00015.3%
Westchester147164-10.4%$245,000$239,5002.3%
Hoffman Estates364399-8.8%$241,750$250,000-3.3%
Bartlett143166-13.9%$241,500$228,5005.7%
Elk Grove Village223324-31.2%$240,000$240,0000%
Palatine601681-11.7%$240,000$255,000-5.9%
Countryside38380%$231,500$131,00076.7%
Indian Head Park4853-9.4%$227,500$218,0004.4%
* This story only considers sales data for the part of Hoffman Estates that is in Cook County.

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