The prices in real estate in Hoffman Estates, in the Illinois region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Hoffman Estates has remained the same in the last 6 months. In July, the average price per sq.feet was $190. In August this price pretty much remained the same at a value of $182 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $186 to $179.5 per sq.feet. The price per sq.feet has increased 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $182.75 to $195.5 during November, and December.
Based upon to the price in Hoffman Estates (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $368,571. In August This price remains at $358,963. In the following two months the average price has remained the same with regard to the previous two months from $363,767 to $350,119. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $397,397 they are 52 % more affordable than the average price for Hoffman Estates. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $327,787.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $170 / sq.feet, with an average $192 / sq.feet price in Hoffman Estates. The properties with the highest average prices have 3 bedrooms. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $397,397 it is 39 % cheaper than the average price in Hoffman Estates. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $307,482 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $112 / sq.feet followed by "Townhouse" priced at $175 / sq.feet. "House" is the most costly type of property with a $195 / sq.feet cost followed by "Condo" with an average price of $180 / sq.feet.