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dream town neighborhood explorer

    379070 average Sale Price
    414 number of Sales
    13 one year price change
    118 price change since 94

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    Schaumburg Real Estate

    Schaumburg has something to offer for everyone, from first-time buyers to large families looking for an upgrade. The village has some of the best schools in the area, excellent parks and recreation options, and a rapidly expanding business and commercial sector. Thousands of Schaumburg residents forgo the commute into Chicago in favor of working in their hometown.

    Although it is a very large suburb with more than 75,000 residents, locals will tell you Schaumburg manages to retain the impression of a small town-mainly because of the friendly, good natured residents and because it lacks the traffic and hubbub you find in a bigger community. Although downtown Schaumburg is populated by a handful of high-rises, several corporate offices, and the Woodfield Mall, the surrounding neighborhoods are fairly quiet. Residential streets are lined with a mix of homes, grass-covered private yards, landscaped lots, and tall trees.

    For a general idea of real estate values in Schaumburg, the average sale price for a detached, three-bedroom home is about $322,000 and a house with four or more bedrooms in Schaumburg sells for around $430,000, on average. When you're talking about condos or attached residences, the average sale price for a one-bedroom unit is about $136,000 these days, and a two-bedroom place goes for around 195,000, generally speaking.

    The upscale residences in Schaumburg can surpass the million dollar mark, but most real estate here is listed for less. There are some extremely spacious, new construction properties in the upper $500,000 to $900,000 price range that offer homebuyers vaulted ceilings, upgraded kitchens, marble flooring, four or five bedrooms and plenty of outdoor yard space. Below $500,000, you're still looking at good-size homes, but they'll most likely be a few years older and may lack modern amenities and finishes.

    The housing market in Schaumburg is also bursting with condominiums and townhomes. These types of properties run the gamut in price, too, although the top-of-the-line townhouse won't likely break the $600,000 barrier, which means homebuyers get great value for their buck. Plus, a number of the older condos in Schaumburg have been renovated so it's not hard to find a place with beautiful interior décor and high-end appliances for an affordable purchase price.

    Schaumburg market trends

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