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Schaumburg Real Estate Market Update March 2018

By Author: John Herman
Total Articles: 93

Real Estate In Schaumburg is a sellers’ market with low inventory of homes in Schaumburg and a lot of buyer interest. There is a 2.66 months supply of inventory on the market in Schaumburg on March 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Schaumburg last month was 27 days.
It took on average 47 days to sell Schaumburg Condo, Townhouse or a Duplex.
The number of home sales in Schaumburg from February 1, 2018 through February 28, 2018 was 60 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 $132/Sq.Ft, which is 3% an increase from last month.

In Schaumburg there were 27 units sold in February in the price range between $103,000 – $169,210 with an average of 1.9 bedrooms and 1.5 bathrooms and average Square footage of 1,069SF.

In Schaumburg there were 30 units sold in February in the price range between $169,211 – $457,709 with an average of 3 bedrooms and 1.9 bathrooms and average Square footage of 1,659SF.

In Schaumburg there were 3 units sold in February in the price range between $457,710 – $680,000 with an average of 4.7 bedrooms and 3.4 bathrooms and average Square footage of 3,367SF.

The low price range had the most activity. Homes up to $169,210 were on the market on average 51 days and sold an average of $145,711.

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!

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