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Schaumburg Real Estate Market Update May 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 3.8 months supply of inventory on the market in Schaumburg on May 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 28 days to sell Schaumburg Condo, Townhouse or a Duplex.
The number of home sales in Schaumburg from April 1, 2018 through April 30, 2018 was 117 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 $127/Sq.Ft, which is 8% a decline from last month.

In Schaumburg there were 21 units sold in April in the price range between $88,000 – $157,033 with an average of 1.7 bedrooms and 1.3 bathrooms and average Square footage of 1,019SF.

In Schaumburg there were 86 units sold in April in the price range between $157,034 – $378,082 with an average of 2.6 bedrooms and 1.8 bathrooms and average Square footage of 1,483SF.

In Schaumburg there were 10 units sold in April in the price range between $378,083 – $530,100 with an average of 3.7 bedrooms and 2.3 bathrooms and average Square footage of 2,427SF.

The low price range had the most activity. Homes up to $157,033 were on the market on average 40 days and sold an average of $132,416.

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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