Is Schaumburg Township, 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 Township has remained a Seller's Market.
Housing Prices in Schaumburg Township, IL
How much do homes in Schaumburg Township, IL cost?
Median Sold Price
$306,229
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Schaumburg Township was $306,229 in April 2024, up 11.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125.5K | $149.5K | +19.1% |
2 Bedrooms | $214.7K | $242.8K | +13.1% |
3 Bedrooms | $316.5K | $355K | +12.2% |
4 Bedrooms | $419.6K | $430K | +2.5% |
5+ Bedrooms | $457.5K | $442.5K | -3.3% |
Summary: Schaumburg Township 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 13.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
Schaumburg | $264.9K | $306.7K | +15.8% |
Schaumburg Township | $274.4K | $306.2K | +11.6% |
Hoffman Estates | $325K | $355K | +9.2% |
Roselle | $288.4K | $310K | +7.5% |
Hanover Park | $275K | $281.6K | +2.4% |
Housing Supply in Schaumburg Township, IL
How many homes are available in Schaumburg Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
351 | 397 | +13.1% |
Summary: The Schaumburg Township real estate market had 397 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 26 | 0.0% |
2 Bedrooms | 127 | 133 | +4.7% |
3 Bedrooms | 129 | 144 | +11.6% |
4 Bedrooms | 51 | 71 | +39.2% |
5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The Schaumburg Township 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 4.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 135 | +17.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Summary: A total of 135 homes were sold or pending in Schaumburg Township in April 2024, up by 17.4% month-over-month. Of the 135 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for Schaumburg Township, IL
How long does it take to sell a home in Schaumburg Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 12 Days | -32.4% |
Summary: Homes in Schaumburg Township had an average of 12 days on market in Apr 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
118 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 135 homes were sold in Schaumburg Township; 87% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.