Is Schaumburg, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Schaumburg is a seller's market


Difference Since November 2022

Since last year, Schaumburg has remained a Seller's Market.

Key Takeaway

Schaumburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Schaumburg, IL

How much do homes in Schaumburg, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Schaumburg have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Schaumburg was $293,361 in November 2023, up 16.1% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $125K$144.5K
2 $215.8K$239.9K
3 $335K$365K
4 $440K$465K
5+ $517.5K$528.5K

Summary: Schaumburg housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Cities

Schaumburg Township
Hoffman Estates
Rolling Meadows

Housing Supply in Schaumburg, IL

How many homes are available in Schaumburg, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Schaumburg real estate market had 167 homes for sale in November 2023, a 7.7% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 1314
2 6564
3 7256
4 2325
5+ 88

Summary: The Schaumburg housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schaumburg, you could pay more than the asking price. 49.1% of homes here sold above asking price last month.

Summary: A total of 57 homes were sold or pending in Schaumburg in November 2023, down by 19.7% month-over-month. Of the 57 sold homes, 25% were sold under asking, 26% were sold at asking, and 49% 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

Nov 2022Nov 2023CHANGE
20 Days12 Days-40.0%

Summary: Homes in Schaumburg had an average of 12 days on market in Nov 2023, down by 40% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Schaumburg are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 57 homes were sold in Schaumburg; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Schaumburg, IL

Nearby Markets to Schaumburg, IL

What housing markets are near Schaumburg, IL?