Schaumburg, IL Foreclosures
How much do homes sell for in Schaumburg, IL?
The average home price is currently $457,515.
In Schaumburg, IL, how many homes are available?
There are currently 2,971 active home listings available in Schaumburg.
What’s the average rental cost in Schaumburg, IL?
The average rental price in Schaumburg is $1,809.
What is the most expensive home in Schaumburg?
The most expensive home sold in Schaumburg had a price of $125,042,744.
What is currently the cheapest priced home in Schaumburg, IL?
The cheapest home for sale in Schaumburg is priced at $24,600.
Living in Schaumburg, IL
Schaumburg, IL is a dynamic suburban community known for its excellent educational institutions, expansive shopping options, and numerous parks. Residents enjoy a family-friendly environment with a strong sense of community. The suburb's proximity to major highways and public transportation makes it a convenient location for commuters to Chicago.
Current Market Conditions in Schaumburg, IL
The real estate market in Schaumburg remains robust with a mix of single-family homes, townhouses, and apartments. The area has experienced steady demand for housing, often leading to competitive offers on well-maintained properties. Buyers are attracted to Schaumburg's amenities, including shopping, dining, and highly-rated schools, contributing to an increase in property values.
In the last quarter, home sales have shown resilience, with most properties selling within a month of listing, highlighting the area's desirability. New construction developments are also emerging, catering to an audience seeking modern living spaces. Sellers are seeing favorable conditions as inventory remains relatively low compared to demand.
Home Value Estimator For Schaumburg, IL
There are currently 27,694 real estate properties
in Schaumburg, IL,
with a median automated valuation model (AVM) price
of $372,745.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Schaumburg, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Schaumburg, IL,
is $457,515.00, with the most expensive house
in Schaumburg, IL, topping out
at $125,042,744.00 and the cheapest home
in Schaumburg, IL,
clocking in at $24,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Schaumburg, IL!
Rent Prices
In Schaumburg, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Schaumburg, IL, is on
a rollercoaster ride. The
average rent price in Schaumburg, IL,
is $1,809.00. Indeed, when looking to rent in
Schaumburg, IL, you can expect to pay as little
as $770.00 or as much
as $4,620.00,
with the average rent median estimated to
be $1,830.00. The good news is that finding
an affordable and desirable property to rent in Schaumburg, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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