Property Up Reveals Key Schaumburg Real Estate Market Data for November 2019. Currently, there are 537 total homes for sale in Schaumburg. Of those, 177 are single-family homes, and 263 are condos.
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Schaumburg, IL, November 3, 2019
Property Up, a leading real estate agency serving the greater Chicagoland area, provides data on how much time it might take Schaumburg sellers to sell their homes, the various types of properties on the market, and other critical indicators regarding the buyer and seller behavior in Schaumburg.
Currently, there are 537 total homes for sale in Schaumburg https://bit.ly/2pdwVI9 . Of those, 177 are single-family homes, and 263 are condos.
Among those, there is a wide array of choices available to buyers. There are 23 homes with pools, and another 21 are waterfront, for buyers who enjoy activities on the water.
For investors, or those looking for deals, there are 48 below market deals and 12 short sale properties available in Schaumburg.
At the beginning of November 2018, one year ago, there were 475 homes available on the market. While the market slightly favors sellers, buyers have more choices in 2019.
If the market trends remain consistent, Property Up expects that it would take approximately 4.98 months to sell all the current properties that are on the market in Schaumburg.
One of the indicators that favor sellers is that in October 2019, 15 buyers paid more than the asking price for their Schaumburg homes. Any time a buyer pays more than what the seller asking, it could potentially mean that sellers are receiving multiple bids on their properties.
Another trend that might be of interest to sellers is that buyers seem to be favoring condos over single-family homes in Schaumburg. In October, 70 condos were sold, compared to 33 single-family homes.
However, single-family homes sold a bit faster than condos. During October, condos were on the market for an average of 31 days, compared to 29 days for single-family homes.
One number favorable to buyers is the change in the average list price of properties in Schaumburg. The average list price decreased from $269K in September to $263K in October, 2019.
However, the sellers would be happy to learn that the median sold price (the midpoint price of all homes sold in October in Schaumburg) went up from $227K in September to $232K in October.
Buyers, on average, can expect to get the following in the Schaumburg https://bit.ly/2pdwVI9 real estate market in November 2019 depending on their budget.
In the lower price range, between $80K to $156K, buyers can expect to get 1.7 bedrooms, 1.2 bathrooms, and approximately 953SF of space.
In the medium price range, between $156K to $431K, buyers can get 2.8 bedrooms, 1.8 bathrooms, and 1589SF of space.
Finally, in the higher price range, between $431K to $630K, a buyer will get 4.5 bedrooms, 2.6bathrooms, and around 2730SF of space.
Homes for Sale by Subdivision
Property Up is a trusted real estate agency serving the entire Chicagoland area and they have been helping people from all walks of life find their dream homes for over 12 years.