Hoffman Estates Market Trends

Average Sale Price

Loading...

Average Days On Market

Loading...

Sale Price as (%) of Asking Price

Loading...

Number of Homes on Market

Loading...

Hoffman Estates is a great place to live, work, and raise a family.  The Village is located 30 miles northwest of downtown Chicago. Hoffman Estates is an established residential and business community with a population just over 50,000 residents. The real estate in Hoffman Estates offers a great variety of amenities such as quality housing, a convenient location, and numerous recreational venues and quality schools.  Plus, Hoffman Estates is home to many great restaurants and shopping centers. The Village is a full service municipal community, providing Hoffman Estates residents police, fire, public works, and social services.


TopLocation

The Village of Hoffman Estates is a northwestern suburb, located along the Jane Addams Tollway (I90) 30 miles from the City of Chicago. The village is seated primarily in Cook County with a small section in Kane County, Illinois.


TopInformation

The headquarters location for the Sears Holdings Corporation, the Midwest headquarters for AT&T and the American headquarters for Mori Seiki.      

The home of the annual Heartland International Tattoo, one of the largest music and dance festivals of its kind in the Midwest.

Famous Hoffman Estates residents include writer Christopher Bollyn, CNN journalist Kyung Lah, actor Todd Stashwick, and ABC’s The View co-host Sherri Shepherd.  

Village of Hoffman Estates Demographics         
Population                                 52,520
Households                                18,047  
Persons Per Household                2.82
Median Age                                38 years
Per Capita Income                      $33,314
Household Income                      $76,831
Unemployment Rate in Village     8.2%
Jobs in Hoffman Estates              26,000
Median Housing Value                 $316,400
Population Density                      2,376

Source: Village of Hoffman Estates Website


TopHistory

During the early 1950s, the Schaumburg Township was a rural farming community with a population just over 1,000.  In 1954, Sam and Jack Hoffman, owners of a construction company, purchased 160 acres from a local farmer and began to build new homes on the land. By 1959, the population expanded to 8,000 residents and the Village of Hoffman Estates was incorporated with just three square miles. With the opening of the Northwest Tollway in 1958 and the annexation of 2,000 acres by 1962, Hoffman Estates had double its incorporated land area.

Woodfield Mall opened in 1971 making the area a major business center. During the early 1980s, an attempt to change the city name to East Barrington was rejected by a residential vote. The economic development of Hoffman Estates expanded in the 1990s with the construction of the Prairie Scott Business Park. The business park brought in major corporations like Sears, Roebuck and Company, Indramat, and Quest International. The economic development continued in the 2000s when Hoffman Estates’ business park added an 11,000-seat Sears Centre arena, office buildings for the online campus of American InterContinental University, Serta, WT Engineering, I-CAR, and Mary Kay, Cabela's outdoor outfitters store, a 295-room Marriott hotel, and the 400,000-square-foot Poplar Creek Crossing Retail Center, which is anchored by Target and numerous other big-box retailers.

Today, Hoffman Estates residential and commercial real estate continues to grow with new development projects. The population is now over 50,000 and the total incorporated land area expanded to 19 square miles.  


TopReal Estate

The Village of Hoffman Estates offers a variety of residential living options with a wide selection of housing styles in every price range.  Some of the early Hoffman Estates homes included ranches and split level residences which were sold for less than $20,000 are now valued over $200,000. Today, real estate in Hoffman Estates includes modern condominiums to elegant two-story colonial-style homes with lot sizes from less than one quarter of acre to three quarters of an acre. Hoffman Estates housing prices can range from $69,000 to $205,000 for condominiums, $80,000 to $335,000 for town homes, and $167,900 to $820,000 for single-family homes.    

Snapshot of Hoffman Estates Real Estate Listing as of 8.2.10 cited from Yahoo Real Estate data:
 
•    429 Home for Sale with a median price of $239,000
•    1 New Homes with a median price of $469,990

Search for Hoffman Estates real estate.


TopTransportation

The Village of Hoffman Estates is close to many major expressways and roadways which makes it easy to travel to the City of Chicago and other major suburbs. Major regional roadways near Hoffman Estates include the Jane Addams Tollway (I-90), Routes 58 (Golf Road), 59 (Sutton Road), 62 (Algonquin Road), 68 (Roselle Road), and 72 (Higgins Road).

If you need to travel by air, Hoffman Estates residents have four nearby airports to utilize:   

•    O'Hare International Airport (14 mi.)
•    Schaumburg Regional Airport (5 mi.)
•    DuPage Regional Airport (12 mi.)
•    Chicago Executive Airport (15 mi.)

Hoffman Estates offer several public transit services. The Village is served by CTA, RTA, Metra, and Pace.  For additional information on available public transportation in Hoffman Estates can be found on the Village's Transportation webpage.


TopSchools

There are numerous public and private schools, as well as pre-schools, located in Hoffman Estates community.  Public schools in the Village of Hoffman Estates are served by the following school districts:

•    Community Consolidated School District 15
•    Illinois School District U-46
•    Community Consolidated School District 54
•    Township High School District 211
•    Barrington Community Unit School District 220
•    Community Unit School District 300


TopNightlife

Village Roadshow Gold Class Cinemas (100 W Higgins Road N1 South Barrington, IL 224-293-1001)
Tired of going to the same old mega-plex movie theater filled with noisy patrons and sticky floors? Then step up to the gold standard movie experience at Gold Class Cinemas. Gold Class is a luxury movie theater that offers fully reclining plush chairs with call buttons to order dinner, drinks, a blanket or pillow. No sticky floors here! The theater is the size of a standard 150 seat movie house with only 40 or less seats. Plus, they have a chic lounge with a fully stock bar with in-house chef to prepare delicious meals. Visit their website for movies information and show times

Pinstripes, Inc. (100 W Higgins Rd S Barrington, IL 847-844-9300). Pinstripes, Inc. is a unique dining and entertainment venue. They offer exceptional Italian/American food and wine, with indoor/outdoor bocce courts, 18 bowling lanes, an outdoor patio fireplace for private parties, and live music. Visit their website for upcoming events and promotions.    

Laugh Out Loud Theater (601 N Martingale Rd Suite 171 Schaumburg, IL 847-240-0386).  Have a good time and a good laugh at Laugh Out Loud Theater! The theater features improve comedy shows Friday and Saturday nights.  The early shows are family-friendly so take the kids or your grandparents. The late shows are for mature audiences only. The theater also offers comedy classes and camps for kids, teens, and adults.    


TopEntertainment

Sears Centre Arena (5333 Prairie Stone Parkway Hoffman Estates, IL 847-649-2222). The Sear Centre Arena located in the Prairie Stone Business Park, north of I-90, west of Route 59 in the Entertainment District, Popular Creek at 59/90. The Centre features live entertainment all year round. Musical artists like Elton John, Billy Joel, Rod Stewart, The Who, and George Strait have performed at the venue, including family entertainment like Go Diego Go, Clifford the Big Red Dog, and many more. And if you’re looking for exciting sporting events, the Centre features Chicago Invitational Basketball Championships, HBO Boxing, Professional Championship Bull-riders and the Chicago Slaughter indoor arena football team. For more information or to purchase tickets, visit www.searscentre.com.

Chicago Slaughter Professional Indoor Football Team (1055 W Golf Rd Hoffman Estates, IL 847-310-3190).
Can’t afford to see NFL game? Then check out The Chicago Slaughter! The Slaughter is a premier indoor football team in the Chicagoland area offering smash-mouth football games at the Sears Center in Hoffman Estates. The 2009 undefeated CIFL Champions are coached by former Chicago Bears Steve McMichael. In 2010, the indoor football team announced Jarrett Payton son of legendary NFL great Walter Payton would be playing for the team. Check their website for ticket and game information.

Popular Creek Bowl (2354 W Higgins Rd Hoffman Estates, IL 847-310-9585). Let’s go bowling at Popular Creek Bowl! The bowling center offers 24 lanes with automatic scoring, video arcade, pool tables, a pro shop, and it’s 100% smoke free environment. Plus, they offer leagues to bowlers of all experience levels and candlelight bowling too! Open bowling Monday through Thursday, 9 a.m. to midnight; Friday and Saturday, 9 a.m. to 1 a.m.; Sunday, 9 a.m. to 10 p.m.


TopRestaurants

Apple Villa Famous Pancake House & Restaurant (3101 Barrington Rd Hoffman Estates, IL 847-765-2000).
Apple Villa is “apple-liciously” good! The pancake house and restaurant offers great breakfast and lunch food with fresh gourmet Hawaiian Kona coffee.  They use only the highest ingredients to make their delicious varieties of pancakes, omelettes, skillets, soups, salads, char-grilled burgers, chicken sandwiches, and more!  Come in relax and have great meal…and don’t forget to try their famous frozen apple pancake

Assembly American Bar & Cafe (2570 Hassell Rd Hoffman Estates, IL 847-843-3993).  Established in 1978, The Assembly American Bar & Café is a family owned establishment providing fresh quality food with excellent friendly service. Try the house specialties the Bionic Burger or the delicious BBQ ribs with a homemade BBQ sauce.  Other items on the menu include a tasty variety of appetizers, soups, salads, sandwiches, and grilled steaks. Plus, they have a selection of bottled and draft beer, along with red and white wines

Dover Straits (1149 W Golf Rd Hoffman Estates, IL 847-884-3900).  A great seafood tradition since 1978, Dover Straits serves the finest selection of fresh seafood flown in daily.  Their menu also offers a fine selection of premium steaks, pasta dishes, salads, and sandwiches.  Lunch and dinner is served daily.  Dover Straits is owned and operated by seven brothers from Greece who are committed to treat every guest like family.  Live entertainment and dancing is available.


TopFestivals/Parks

Enjoy family fun and entertainment in the Village of Hoffman Estates. For a list of festivals and events in Hoffman Estates visit their “Four Seasons of Fun” webpage for more information.

Select a Point of Interest and Radius from the form above.