Is Schaumburg, IL 60195 a buyer’s or seller’s market?
Schaumburg is a seller’s market. With about 2.1 months of supply and 67% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Schaumburg housing market right now
In the three months ending August 31, 2026, 67% of homes in Schaumburg, IL 60195 sold above their list price, the typical home went under contract in 35 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold faster (51 days then) and the median sale price held steady to $242,395. Overall, Schaumburg is more competitive than a year ago, so tougher for buyers.
Within Cook County, homes here sell faster than in 96% of the county’s ZIP codes, and sell more often over asking than in 96%.
Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.
Run the numbers for 60195
Nearby markets
Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →Towns like Schaumburg nearby
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Questions about Schaumburg real estate
Is Schaumburg a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Schaumburg, IL 60195 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Schaumburg?
The typical home went under contract in 35 days in the latest three months.
Do homes in Schaumburg sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.
What are property taxes in Schaumburg?
About 1.91% of a home’s value a year in Cook County, or roughly $7,640 on a $400,000 home.
What is the median home price in Schaumburg?
The median sale price was $242,395 in the three months ending August 31, 2026, about $243 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology