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

Housing Market Conditions



Gauge showing Schaumburg Township is a seller's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Schaumburg Township, IL

How much do homes in Schaumburg Township, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Schaumburg Township have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Schaumburg Township was $295,452 in November 2023, up 11.3% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $120K$137.8K
2 $205K$232.3K
3 $315K$340K
4 $415K$419.9K
5+ $449.5K$457.5K

Summary: Schaumburg Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

Schaumburg Township
Hoffman Estates
Hanover Park

Housing Supply in Schaumburg Township, IL

How many homes are available in Schaumburg Township, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Schaumburg Township real estate market had 345 homes for sale in November 2023, a 0.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 2221
2 105108
3 141134
4 6067
5+ 1815

Summary: The Schaumburg Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

53 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schaumburg Township, you could pay more than the asking price. 48.2% of homes here sold above asking price last month.

Summary: A total of 110 homes were sold or pending in Schaumburg Township in November 2023, down by 14.1% month-over-month. Of the 110 sold homes, 34% were sold under asking, 18% were sold at asking, and 48% 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

Nov 2022Nov 2023CHANGE
21 Days14 Days-34.8%

Summary: Homes in Schaumburg Township had an average of 14 days on market in Nov 2023, down by 34.8% compared to last year.

Breakdown of Home Sale Times

96 Homes Were Sold
Under 30 Days

14 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 110 homes were sold in Schaumburg Township; 87% of homes were sold within 30 days, 13% 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 7 Days Ago

Newest Listings in Schaumburg Township, IL

Nearby Markets to Schaumburg Township, IL

What housing markets are near Schaumburg Township, IL?