Schaumburg - Single Family market update

By
Real Estate Agent with Suburban House Hunters Team (CSI, Inc.)

Been a little over a month sense the last update so here is more current information. Here is a quick overview of the single family market in Schaumburg, IL. 

  • Currently on the Market: 241
  • Currently Under Contract: 35 **huge reduction from last month** 
  • Closed in the last 90 Days: 74
  • Est. Inventory: 10 Months
  • Lowest Price: $259,000
  • Highest Price: $1,250,000

While the estimated inventory is lower based on the closings for the last 3 months the number that really stands out is "Currently Under Contract". With a reduction from 65 down to 35 homes under contract that means there are only about half as many homes selling as there was a month ago. This is a major sign of a slowing market. 

Visit Suburban House Hunters for more information about Schaumburg Real Estate including a free mls search that includes all homes on the market.

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