Is Schaumburg, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Schaumburg has remained a Seller's Market.
Housing Prices in Schaumburg, IL
How much do homes in Schaumburg, IL cost?
Median Sold Price
$306,727
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Schaumburg was $306,727 in April 2024, up 15.8% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.1K | $155K | +19.1% |
2 Bedrooms | $225K | $250K | +11.1% |
3 Bedrooms | $332.6K | $378.5K | +13.8% |
4 Bedrooms | $445K | $476K | +7.0% |
5+ Bedrooms | $590K | $525K | -11.0% |
Summary: Schaumburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Cities
Schaumburg | $264.9K | $306.7K | +15.8% |
Schaumburg Township | $274.4K | $306.2K | +11.6% |
Rolling Meadows | $270K | $298.5K | +10.6% |
Hoffman Estates | $325K | $355K | +9.2% |
Roselle | $288.4K | $310K | +7.5% |
Housing Supply in Schaumburg, IL
How many homes are available in Schaumburg, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
209 | 226 | +8.1% |
Summary: The Schaumburg real estate market had 226 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 80 | 86 | +7.5% |
3 Bedrooms | 77 | 80 | +3.9% |
4 Bedrooms | 29 | 35 | +20.7% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Schaumburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 78 | +11.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Schaumburg in April 2024, up by 11.4% month-over-month. Of the 78 sold homes, 26% were sold under asking, 12% were sold at asking, and 63% were sold over asking.
Days on Market for Schaumburg, IL
How long does it take to sell a home in Schaumburg, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 13 Days | -21.7% |
Summary: Homes in Schaumburg had an average of 13 days on market in Apr 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 78 homes were sold in Schaumburg; 85% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.