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Tuesday, November 26, 2024

Schaumburg (Cook County) home prices rise in the third quarter of 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Schaumburg in Cook County rose by $1,500 while total sales decreased by 7.6%, according to BlockShopper.com.

From July through September of 2018, there were 399 homes sold, with a median sale price of $196,000 - a 0.8% increase over the $194,500 median sale price for the same period of the previous year. There were 432 homes sold in Schaumburg in the third quarter of 2017.

The median sales tax in Schaumburg for the most recent year with available data, 2017, was $4,637.90, approximately 2.4% of the median home sale price for the third quarter of 2018.

The following table compares Schaumburg to other Cook County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Berkeley22220%$203,250$189,0007.5%
Schiller Park383315.2%$202,500$203,500-0.5%
Tinley Park259304-14.8%$200,000$195,0002.6%
Broadview2632-18.8%$199,750$170,00017.5%
Hillside3043-30.2%$196,000$171,50014.3%
Schaumburg399432-7.6%$196,000$194,5000.8%
Burbank1151131.8%$195,000$188,0003.7%
Stickney22214.8%$195,000$207,500-6%
Melrose Park8191-11%$195,000$185,0005.4%
Justice393511.4%$190,000$165,00015.2%
Streamwood213252-15.5%$190,000$187,0001.6%
* This story only considers sales data for the part of Schaumburg that is in Cook County.

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