People always ask me “Lyn, how many homes are selling?” Well, that seems to make a difference is what area or subdivision you live in. It’s really not an evasive answer. Each area and subdivision is totally different! Each housing type is different too.
Here’s what I can tell you about the overall Schaumburg real estate market:
Single Family Homes - Schaumburg averages 24 home sales a month. Inventory is down substantially from previous years. The percentage of homes going under contract each month is 20 to 24%. Average Sold Price was $258,938 for the 1st quarter of 2013.
Multi-Family Homes - Schaumburg averages 53 sales per month. Inventory is down just like single family homes. The percentage of homes going under contract each month is 14 to 37% which is substantially higher than single family. Average sold price was $103,514 for the 1st quarter.
Looking for a home in Schaumburg? This is a great time to get your first home, move to a smaller home, or move to a larger home. Interest rates are extremely affordable and many different programs are available depending on your down payment.
These are the current market numbers and availability for housing types in Schaumburg. Lots of great selections and some 'handyman specials' are available for buyers trying to get 'instant equity' in the market by doing the work themselves!
To search for homes currently available in Schaumburg, please go directly to my site to get started. Homes Townhomes/Condos
Other interesting articles for sellers or buyers are also available at www.LynSims.net to make you market 'savvy' before you start your home search!
Northwest Suburbs Market Report - April 2013