Schaumburg, IL Home Values & Market Trends
Real estate market trends reflect that there have been 1,095 transactions over the past year in Schaumburg. The median value for residential home transactions that occurred over the previous year is $305,606.37. The number of current listings in Schaumburg is 28, and the percentage of properties for sale in the city is 28.00%. Schaumburg, IL currently has 76 properties in foreclosure, 7 bank owned properties, 5 properties headed for auction, and 28 properties for sale.
Schaumburg, IL Real Estate Market Overview
Housing Market Summary for Schaumburg, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $299.5K | $299K | -0.17% |
| Median Sold Price | $284K | $299K | 5.28% |
| Homes For Sale | 32 | 26 | -18.75% |
| Homes Sold | 644 | 671 | 4.19% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Schaumburg, IL
Browse Homes in Schaumburg, IL
Schaumburg home values range from $52,738 to $1,386,076. The median estimated value of a home in Schaumburg is $305,606.37. The median list price of a home is 339,950, and the total count of properties in the city is 26,661.
- Pre-ForeclosurePre-foreclosure homes account for 0.24% of all residential properties in Schaumburg, IL with 60193 containing 38 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Schaumburg, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $519,782 in 60194 to the lowest home value of $118,974 in 60173.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Schaumburg, IL ranges from the highest value of $519,900 in 60194 to the lowest value of $208,070 in 60193. Bank owned homes and properties account for 0.03% of properties in Schaumburg, IL. There are 5 zips within Schaumburg, IL; 60194 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60194 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Schaumburg, IL. Auction homes and other auction properties account for 0.02% of all properties in Schaumburg, IL. There are 5 zips within Schaumburg, IL; of those zips, the median estimated home value for homes going to auction ranges from $479,381 in 60173 to the lowest value of $219,376 in 60173.
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