How Competitive is the Hoffman Estates, IL Housing Market?
Hoffman Estates, a city near Chicago, IL, is a highly competitive housing market. About 57% of homes sold above list price in the 3 months ending June 2026, and the typical home sold in just 44 days.
The National Picture
Nationally, about 25% of homes sold above asking in June 2026 with a median of 50 days on market. Hoffman Estates far exceeds that pace—its 57.2% sold-above rate is more than double the national figure, and homes here spend a median of just 44 days on market. Buyers in this area face significantly more pressure than in the typical U.S. market.
The Highlands Pocket Sees Over 80 Percent Sell Above List
Within Hoffman Estates, the Highlands neighborhood sees an extraordinary 82% of homes sell above asking with 85% going under contract within two weeks. That pocket far outpaces the citywide 57% average, showing extreme micro-level variation. Nearby Schaumburg (52%) and Bartlett (52%) are both slightly less competitive at the city level, making Hoffman Estates, and especially the Highlands, a surprisingly intense market.
Why is Hoffman Estates Highly Competitive?
Hoffman Estates is highly competitive because growing buyer interest is outstripping a supply base that remains well below equilibrium. At 3.1 months of supply, the market tilts firmly toward sellers. Pending sales grew 7% year over year, confirming steady buyer demand. Despite 16% of listings carrying price drops, the high sold-above rate shows correctly priced homes still attract bidding wars. Days on market shrank 3 days from last year, reflecting an accelerating pace.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Mkt in 2 Wks |
|---|---|---|---|---|
| Hoffman Estates | 57.2% | 101.6% | 44 days | 64.8% |
| Highlands | 81.7% | 102.2% | 38 days | 84.7% |
| Schaumburg, IL | 52.2% | 100.6% | 44 days | 61.4% |
| Arlington Heights, IL | 55.9% | 101.5% | 41 days | 61.5% |
| Bartlett, IL | 51.9% | 101.1% | 44 days | 60.0% |
| Elk Grove Village, IL | 53.2% | 100.9% | 45 days | 62.8% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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