Special offer

Schaumburg Real Estate Market Update September 2018

By
Managing Real Estate Broker with Property Up Inc. #471.017853

Real Estate In Schaumburg is a sellers’ market with low inventory of homes in Schaumburg and a lot of buyer interest. There is a 4.42 months supply of inventory on the market in Schaumburg on September 30, 2018.

 

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Schaumburg last month was 22 days.
It took on average 22 days to sell Schaumburg Condo, Townhouse or a Duplex.
The number of home sales in Schaumburg from August 1, 2018 through August 31, 2018 was 127 units. That is 1% above the number of homes sold last month in Schaumburg.

The average price per square foot in the area is now $137/Sq.Ft, which is 0% an increase from last month.

In Schaumburg there were 26 units sold in August in the price range between $78,000 – $159,961 with an average of 1.8 bedrooms and 1.2 bathrooms and average Square footage of 1,051SF.

In Schaumburg there were 100 units sold in August in the price range between $159,962 – $480,960 with an average of 2.9 bedrooms and 2 bathrooms and average Square footage of 1,668SF.

In Schaumburg there were 1 units sold in August in the price range between $480,961 – $720,000 with an average of 5 bedrooms and 4.1 bathrooms and average Square footage of 4,300SF.

The low price range had the most activity. Homes up to $159,961 were on the market on average 29 days and sold an average of $134,015.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Schaumburg. Search all Schaumburg homes for Sale on propertyup.com If you are considering viewing Schaumburg, you may want to do so now!

Posted by

John Herman

Licensed Illinois Managing Broker

Property Up Inc.

Call Now  (847) 847-4711 For Real Estate Service.

 

Awards

Awarded as top 3% of all Agents by Chicago magazine - 5 Star Award winner 5 Years straight - 2011, 2012, 2013, 2014 & 2015!!!

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great report, thanks for sharing.  Very helpful information for buyers and sellers in you area.

Sep 30, 2018 05:06 AM