Schaumburtg, IL 2007 vs 2006 Market - Is it Up or Down

By
Managing Real Estate Broker with Keller Williams Northland

 The 2 tables below gives the market analysis comparison of 2006 and 2007 for single family detached and single family attached homes in Schaumburg, IL. The analysis indicates, by price range,  the differences in homes in a given price range, number of properties in that range and time on market for properties in that range.

 

Sold Properties
Sold Price Range # Listings Avg. Days on Mkt
Less than $149,999 33 55
$150,000 - $199,999 107 65
$200,000 - $249,999 80 57
$250,000 - $299,999 62 71
$300,000 - $349,999 36 68
$350,000 - $399,999 18 75
$400,000 - $449,999 13 71
$450,000 - $499,999 6 128
$500,000 - $549,999 3 99
$550,000 - $599,999 5 43
$600,000 - $699,999 2 292
$800,000 - $899,999 1 124
  
Sold Properties Summary
# Units Avg. MT Median Sold Price Avg. Sold Price Max. Sold Price Min. Sold Price Total Volume
366 67 $222,000$249,016$820,000$102,200$91,139,928

 

 

Sold Properties
Sold Price Range # Listings Avg. Days on Mkt
Less than $149,999 41 48
$150,000 - $199,999 92 68
$200,000 - $249,999 56 87
$250,000 - $299,999 22 112
$300,000 - $349,999 32 114
$350,000 - $399,999 13 211
$400,000 - $449,999 3 160
$450,000 - $499,999 6 133
$500,000 - $549,999 2 132
$550,000 - $599,999 2 202
$600,000 - $699,999 2 97
$700,000 - $799,999 1 269
$800,000 - $899,999 1 262
  
Sold Properties Summary
# Units Avg. MT Median Sold Price Avg. Sold Price Max. Sold Price Min. Sold Price Total Volume
273 90 $201,000$234,413$839,999$1,000$63,994,696
 

The solds in 2007 were 74.6% of solds in 2006; medin price was 90.5% of 2006; average price was 94.1% of 2006 and the 2007 volume was 70.2% of 2006.

If you would like to improve on these numbers for your [roperty in 2007, contact me below for the secrets of market performance.

 

David Spencer, Broker, IL Licensed Instructor

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