The Schaumburg housing market is somewhat competitive. Homes in Schaumburg receive 4 offers on average and sell in around 46 days. The median sale price of a home in Schaumburg was $297K last month, down 16.3% since last year. The median sale price per square foot in Schaumburg is $237, up 3.0% since last year.
What is the housing market like in Schaumburg today?
In September 2024, Schaumburg home prices were down 16.3% compared to last year, selling for a median price of $297K. On average, homes in Schaumburg sell after 46 days on the market compared to 41 days last year. There were 82 homes sold in September this year, down from 86 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$297,000
-16.3% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Schaumburg, IL
$297,000
-16.3%
United States
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How hot is the Schaumburg housing market?
Schaumburg is somewhat competitive. Homes sell in 44 days.
0
100
65
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 44 days.
Hot homes
can sell for about 2% above list price and go pending in around 32 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Schaumburg housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Schaumburg.
Flood Factor - Minor
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Schaumburg has a minor risk of flooding. 1,171 properties in Schaumburg are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in Schaumburg. Flood risk is increasing slower than the national average.
27% of properties are at risk of wildfire over the next 30 years
Fire Factor
Schaumburg has a moderate risk of wildfire. There are 4,048 properties in Schaumburg that have some risk of being affected by wildfire over the next 30 years. This represents 27% of all properties in Schaumburg.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Schaumburg has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Schaumburg is most at risk from hurricanes. 14,743 properties in Schaumburg have some risk of being in a severe wind event within the next 30 years.