Photo: bogdanstepniak · CC BY 3.0954 homes sold in Schaumburg in the last year, at a typical $330K
Most homes sold are condos. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Schaumburg homes are listed.
Every place Schaumburg homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Schaumburg.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
42% of Schaumburg’s sales are condos, at $206K less than a house
324 houses and 397 condos sold in the year to May 2026. Houses draw more bidding wars.
typical sale · 324 sold in 12 months
- Per square foot
- $258IL $180
- Days to sell
- 48
- Sold over asking
- 46%
- Listings with a price cut
- 18%
typical sale · 397 sold in 12 months
- Per square foot
- $233IL $251
- Days to sell
- 49
- Sold over asking
- 36%
- Listings with a price cut
- 16%
Townhouses: 233 sold, typical $341K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.8 times the 2016 price
954 sales in the last year, against 1,565 in 2021 and a low of 878 in 2024. The typical sale went from $186K in 2016 to $330K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Schaumburg
Check a listing against what Schaumburg homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Schaumburg are more common than before the pandemic, but 42% fewer homes come up for sale
We read every month of Schaumburg’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 954 sales.
If you’re buying in Schaumburg
- Shop in August. It brings about 127 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- Less room to haggle. Only 16% of listings cut their price, against 24% before the pandemic.
- Bid near asking. Buyers paid 100% of the list price on average; 42% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 156 a month), and the most competition: 39% close over asking. July and August offer nearly as much choice with fewer homes bid up (32%). December has the least competition (19%) but only about 46 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Schaumburg now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 42% | 18% | 37% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 53% | 43% | 53% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 24% | 29% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 100% | 97.5% | 99.3% | 99.2% |
| Days to sellMedian days from listing to contract | 49 | 51 | 14 | 49 |
177 homes for sale on a typical day
That’s 1.4 times the 2023 low (129), 42% fewer than in 2017–19 and well under 2012’s 384.
1 in 6 listings has cut its price
16% in the last year, against 24% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 59%, condos 73%
A house typically sold for $473K in the last year (324 sales), a condo for $267K (397).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Schaumburg ranks 119th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Schaumburg is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Schaumburg home costs about $2,272 a month
Price: Schaumburg’s typical sale, last 12 months. Property tax at Schaumburg’s 2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Schaumburg is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 46.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $330K home, about $6,600 a year.
Taxes vs. neighborsSchools
The schools grade for Schaumburg, from test results, graduation and how much students grow.
Schools in SchaumburgTypical commute
The average one-way trip to work for people who live in Schaumburg.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Roselle, Hoffman Estates, Hanover Park, Streamwood and Itasca sell for less a square foot
The busier markets within 25 miles of Schaumburg, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Schaumburg | 954 | $330K | $241 | 42% | 49 |
| Hoffman Estates | 535 | $398K | $234 | 48% | 52 |
| Streamwood | 487 | $327K | $228 | 48% | 48 |
| Hanover Park | 337 | $329K | $232 | 56% | 46 |
| Rolling Meadows | 271 | $329K | $237 | 44% | 47 |
| Roselle | 221 | $363K | $230 | 49% | 42 |
| Itasca | 97 | $444K | $227 | 42% | 47 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Schaumburg, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Schaumburg. People who follow the town see it, and so do people comparing Schaumburg with their own town. No commission, no listing fee.
Questions about buying a home in Schaumburg
What do homes sell for in Schaumburg, IL?
954 homes sold in the year to May 2026 at a typical $330K, $241 a square foot. Houses sold for about $473K, condos for about $267K.
Is Schaumburg a buyer’s or seller’s market?
A seller’s market: 210 homes were for sale in May 2026 and 87 sold, about 2.4 months of supply. Buyers paid 100% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Schaumburg?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Schaumburg?
About 2% of a home’s value a year. On a $330K home that’s near $6,600.
Where can I see homes for sale in Schaumburg?
Zillow, Redfin, Realtor.com and Homes.com all carry Schaumburg’s MLS listings; the search links above open each one filtered to Schaumburg.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).