Is Schaumburg Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$295,452
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
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
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $137.8K | +14.8% |
2 Bedrooms | $205K | $232.3K | +13.3% |
3 Bedrooms | $315K | $340K | +7.9% |
4 Bedrooms | $415K | $419.9K | +1.2% |
5+ Bedrooms | $449.5K | $457.5K | +1.8% |
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 | $252.5K | $293.3K | +16.1% |
Schaumburg Township | $265.5K | $295.4K | +11.3% |
Hoffman Estates | $320.8K | $350K | +9.1% |
Roselle | $280K | $300K | +7.1% |
Hanover Park | $260K | $278K | +6.9% |
Housing Supply in Schaumburg Township, IL
How many homes are available in Schaumburg Township, IL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
346 | 345 | -0.3% |
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
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 21 | -4.5% |
2 Bedrooms | 105 | 108 | +2.9% |
3 Bedrooms | 141 | 134 | -5.0% |
4 Bedrooms | 60 | 67 | +11.7% |
5+ Bedrooms | 18 | 15 | -16.7% |
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 2023 | Nov 2023 | CHANGE |
---|---|---|
128 | 110 | -14.1% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
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 2022 | Nov 2023 | CHANGE |
---|---|---|
21 Days | 14 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
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.