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 May. The number of active listings was down 17% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 160-thousand dollars. The number of units sold increased 17% year-over-year, and increased 1% 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: 74,487
  • Median Age: 37.35 yr
  • Median Commute Time: 24.15 mins
  • Educational Climate*: 5
  • Sales Tax: 9%
  • Population Density: 3,876/sq mi
  • Population Change Since 2000: -1.52%
  • Closest Airport: Chicago O'hare International
  • Closest College: The Illinois Institute Of Art-schaumburg
  • Closest Jr. College: Wm Rainey Harper College
  • Median Household Income: $70,494
  • Annual Residential Turnover: 17.08%
  • Median Years in Residence: 3.43 yr
  • Median Home Sales Price: $130,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 12%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Schaumburg, IL
Median Age: 37.35 Married: 36% Number of Households: 31,297 Households with Children: 9,371
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 GreatSchools Rating Parent Rating
      Schaumburg Christian School 0.5 mi Private PRESCHOOL-12 0 4
      Everett Dirksen Elementary School 0.5 mi Public PRESCHOOL-6 4-5 4
      Hadi School Of Excellence 0.6 mi Private PRESCHOOL-3 0 5
      Enders Salk Elem School 0.7 mi Public K-6 4 4
      St Peter Lutheran School 0.8 mi Private PRESCHOOL-8 0 5
      Schaumburg High School 0.8 mi Public 9-12 3-5 4
      Lakeview Elem School 0.9 mi Public K-6 3 4
      St Hubert School 0.9 mi Catholic PRESCHOOL-8 0 4
      Edwin Aldrin Elem School 1.0 mi Public PRESCHOOL-6 3-5 4
      The District 54 Early Learning Center 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      Michael Collins Elem School 1.1 mi Public PRESCHOOL-6 5 4
      Helen Keller Jhs 1.1 mi Public 7-8 4 5
      Thomas Dooley Elem School 1.2 mi Public K-6 4-5 4
      Fairview Elem School 1.3 mi Public K-6 5 4
      J B Conant High School 1.5 mi Public 9-12 4-5 4
      Robert Frost Jhs 1.6 mi Public 7-8 4-5 4
      Hoover Math And Science Academy 1.6 mi Public K-6 5 5
      Kindercare Learning Center 1.6 mi Private PRESCHOOL-K 0 0
      Montessori Learning Center Inc 1.6 mi Private PRESCHOOL-K 0 0
      Campanelli Elementary School 1.7 mi Public PRESCHOOL-6 4-5 4
      Prince Of Peace Preschool 1.7 mi Private PRESCHOOL-K 0 0
      Jane Addams Jhs 1.9 mi Public 7-8 0 2
      Hoffman Estates High School 1.9 mi Public 9-12 3-5 3
      Winston Churchill Elem School 2.0 mi Public K-6 4-5 4
      Nathan Hale Elementary School 2.0 mi Public K-6 4-5 5
      Neil Armstrong Elem School 2.1 mi Public PRESCHOOL-6 3-5 4
      Tutor Time 2.2 mi Private PRESCHOOL-K 0 0
      Elizabeth Blackwell Elementary School 2.2 mi Public PRESCHOOL-6 3-5 4
      Lincoln Prairie School 2.3 mi Public K-8 4-5 5
      Precious Angels 2.3 mi Private PRESCHOOL-K 0 0
      Macarthur International Spanish Academy 2.4 mi Public K-6 4-5 4
      Fredrick Nerge Elem School 2.4 mi Public K-6 4-5 5
      Al Huda Academy 2.5 mi Private PRESCHOOL-3 0 0
      Dwight D Eisenhower Jhs 2.5 mi Public 7-8 4 4
      Lincoln Academy 2.6 mi Public 1-12 0 0
      Kindercare Learning Centers 2.6 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center 2.7 mi Private PRESCHOOL-PRESCHOOL 0 0
      John Muir Literacy Academy 3.0 mi Public PRESCHOOL-6 3-5 3
      Medinah Middle School 3.2 mi Public 6-8 3 4
      St Walter School 3.3 mi Catholic PRESCHOOL-8 0 5
      The Bancroft School 3.4 mi Private PRESCHOOL-8 0 0
      Chicago Education Project 3.4 mi Private UNGRADE-UNGRADE 0 0
      Lake Park High School 3.5 mi Public 9-12 4-5 4
      Let Us Care Montessori School 3.5 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center # 1541 3.5 mi Private PRESCHOOL-6 0 0
      Motorola Child Care & Education Center 3.6 mi Private PRESCHOOL-K 0 0
      Trinity Lutheran School 3.6 mi Private PRESCHOOL-8 0 4
      Roselle Middle School 3.7 mi Public 6-8 4 3
      Waterbury Elem School 3.8 mi Public PRESCHOOL-5 3 4
      Spring Hills Elem School 3.9 mi Public K-5 3-5 5
      Thomas Jefferson Elem School 4.5 mi Public K-6 3-5 4
      Lotus Montessori School 4.7 mi Private PRESCHOOL-K 0 0
      Montessori Sch Of North Hoffman 5.0 mi Private PRESCHOOL-9 0 4
      Frank C Whiteley Elementary School 5.2 mi Public K-6 4-5 4
      Timber Trails Elementary School 6.7 mi Public K-6 2-5 5
      Kindercare Learning Centers # 301625 6.9 mi Private PRESCHOOL-K 0 0
      Camelot Schools 7.1 mi Private 1-12 0 0
      Sears Child Development Center 7.5 mi Private PRESCHOOL-K 0 0
      Valeo Academy 7.5 mi Private K-12 0 4
      Lincoln Elementary School 8.1 mi Public K-6 2 3
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Schaumburg, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.