Altos Market Data for Realtors

Schaumburg, IL

Single-Family Homes

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Schaumburg, IL

Tue Sep 21 2021
This week the median list price for Schaumburg, IL is $420,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has decreased to 65. Click here to stay informed with the Schaumburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Schaumburg, IL

Tue Sep 21 2021
This week the median list price for Schaumburg, IL is $420,000 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has decreased to 65. Click here to stay informed with the Schaumburg market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Schaumburg market.
Median List Price $420,000
Median Price of New Listings $432,500
Per Square Foot $209
Average Days on Market 63
Median Days on Market 42
Price Decreased 46%
Price Increased 3%
Relisted 28%
Inventory 65
Median Rent $2,300
Market Action 51
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$749,000 3,172 0.25 - 0.5 acre 4 3 22 1 1 105
$450,000 2,300 0.25 - 0.5 acre 4 2 43 4 2 24
$399,000 1,861 0.25 - 0.5 acre 4 2 50 0 3 28
$299,000 1,400 8,000 - 10,000 sqft 3 2 49 3 3 42