Real Estate Market Update for Schaumburg, IL

Video: Real Estate Community Tour for Schaumburg, IL

See Real estate community tour for Schaumburg, IL
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 26% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold increased 8% year-over-year, and increased 7% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Schaumburg, IL
Area Information for Schaumburg, IL
  • Population: 77,711
  • Median Age: 39.13 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 5
  • Sales Tax: 10%
  • Population Density: 4,016/sq mi
  • Population Change Since 2000: .08%
  • Closest Airport: Chicago O'hare International
  • Closest College: The Illinois Institute Of Art-schaumburg
  • Closest Jr. College: Wm Rainey Harper College
  • Median Household Income: $72,593
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $172,250
  • Closest Major Sports Team: Chicago Sky
  • Change Avg. Household Income Since 2000: 16.87%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Schaumburg, IL
Median Age: 39.13 Married: 43% Number of Households: 32,602 Households with Children: 9,395
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Schaumburg, IL

      School Name Distance Type Grades School Rating Parent Rating
      Schaumburg Christian School 0.5 mi Private PRESCHOOL-12 0 0
      Everett Dirksen Elementary School 0.5 mi Public K-6 5 0
      Hadi School Of Excellence 0.6 mi Private PRESCHOOL-3 0 0
      Enders-salk Elementary School 0.7 mi Public K-6 4 0
      Schaumburg High School 0.8 mi Public 9-12 3 4
      St. Peter Lutheran School 0.8 mi Private PRESCHOOL-8 0 0
      Lakeview Elementary School 0.9 mi Public K-6 4 0
      St. Hubert School 0.9 mi Catholic PRESCHOOL-8 0 0
      Edwin Aldrin Elementary School 1.0 mi Public PRESCHOOL-6 4 0
      Helen Keller Junior High School 1.1 mi Public 7-8 5 0
      Michael Collins Elementary School 1.1 mi Public K-6 5 0
      The District 54 Early Learning Center 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      Thomas Dooley Elementary School 1.2 mi Public K-6 5 0
      Fairview Elementary School 1.3 mi Public K-6 5 0
      J B Conant High School 1.5 mi Public 9-12 4 4
      Robert Frost Junior High School 1.6 mi Public 7-8 5 0
      Kindercare Learning Center - Jones Road 1.6 mi Private PRESCHOOL-K 0 0
      Hoover Math And Science Academy 1.6 mi Public K-6 5 0
      Kripa Montessori School - Hoffman Estates 1.6 mi Private PRESCHOOL-K 0 0
      Campanelli Elementary School 1.7 mi Public K-6 5 0
      Prince Of Peace Preschool 1.8 mi Private PRESCHOOL-K 0 0
      Higgins Education Center 1.8 mi Public 9-12 0 0
      Jane Addams Junior High School 1.9 mi Public 7-8 5 0
      Hoffman Estates High School 1.9 mi Public 9-12 4 4
      Winston Churchill Elementary School 2.0 mi Public K-6 5 0
      Nathan Hale Elementary School 2.0 mi Public K-6 5 0
      Neil Armstrong Elementary School 2.1 mi Public PRESCHOOL-6 4 0
      Acarath Montessori Center 2.2 mi Private - 0 0
      Elizabeth Blackwell Elementary School 2.2 mi Public K-6 5 0
      Lincoln Prairie School 2.3 mi Public K-8 5 0
      Frederick Nerge Elementary School 2.4 mi Public K-6 5 0
      Douglas Macarthur Elementary School 2.4 mi Public K-6 5 0
      Al Huda Academy 2.5 mi Private K-6 0 0
      Dwight D Eisenhower Junior High School 2.5 mi Public 7-8 4 0
      Lincoln Academy 2.6 mi Public 1-12 0 0
      Kindercare Learning Center - Wildflower 2.7 mi Private PRESCHOOL-6 0 0
      John Muir Literacy Academy 3.0 mi Public K-6 4 4
      Medinah Middle School 3.2 mi Public 6-8 4 0
      St Walter School 3.3 mi Catholic PRESCHOOL-8 0 0
      Winston Knolls School 3.4 mi Private K-12 0 0
      Lake Park High School 3.5 mi Public 9-12 4 4
      Kindercare Learning Center - North Schaumburg 3.5 mi Private PRESCHOOL-6 0 0
      Trinity Lutheran School 3.6 mi Private PRESCHOOL-8 0 0
      Roselle Middle School 3.8 mi Public 6-8 4 0
      Waterbury Elementary School 3.8 mi Public K-5 3 0
      Spring Hills Elementary School 3.9 mi Public K-5 4 0
      Thomas Jefferson Elementary School 4.5 mi Public K-6 4 0
      Montessori Academy Of North Hoffman 5.1 mi Private PRESCHOOL-12 0 0
      Frank C Whiteley Elementary School 5.2 mi Public K-6 5 0
      Timber Trails Elementary School 6.8 mi Public K-6 4 0
      Kindercare Learning Center - Prairie Stone 6.9 mi Private PRESCHOOL-K 0 0
      Camelot Therapeutic Day School Of Hoffman Estates 7.1 mi Private 1-12 0 0
      Valeo Academy 7.5 mi Private K-12 0 0
      Lincoln Elementary School 8.1 mi Public K-6 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Schaumburg, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.