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Saturday, April 20, 2024

Q3 real estate sales report: Schaumburg

Realestate3

Median prices declined in Schaumburg over last year, and are down 11.2 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 399 homes sold in Schaumburg for a median price of $196,000. That's 1.2 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 11 homes in Schaumburg were in foreclosure.

Median property tax for homeowners in Schaumburg was $4,428.70 in 2017 according to tax data from that year. That means homeowners pay 2.2 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Schaumburg real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
238
$220,838
-
2010
210
$189,525
-14.2%
2011
189
$168,370
-11.2%
2012
281
$160,775
-4.5%
2013
378
$172,800
7.5%
2014
363
$167,480
-3.1%
2015
410
$201,400
20.3%
2016
376
$194,513
-3.4%
2017
432
$198,390
2%
2018
399
$196,000
-1.2%

Median property tax
Median sale price
Effective property tax rate
2009
$4,776.24
$220,838
2.2%
2010
$4,174.57
$189,525
2.2%
2011
$4,544.50
$168,370
2.7%
2012
$4,821.25
$160,775
3%
2013
$4,501.65
$172,800
2.6%
2014
$4,186.15
$167,480
2.5%
2015
$4,782.64
$201,400
2.4%
2016
$4,671.73
$194,513
2.4%
2017
$4,428.69
$198,390
2.2%

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