How Competitive is the Schaumburg, IL Housing Market?
Schaumburg, a city near Chicago, IL, is a highly competitive housing market. About 52% of homes sold above list price in the 3 months ending June 2026, with homes selling at 101% of asking on average.
The National Picture
Nationally, about 25% of homes sold above asking in June 2026 with a median of 50 days on market. Schaumburg far exceeds that pace—its 52.2% sold-above rate is more than double the national figure, and homes here spend a median of just 44 days on market. Buyers in this area face significantly more pressure than in the typical U.S. market.
Competition Holds Flat in This Northwest Hub
Schaumburg's metrics have held remarkably flat year over year: days on market unchanged, sold-above rate down just 2 points, and active listings up only 4%. The 100.6% sale-to-list ratio means buyers pay a modest premium. Its Golden Corridor neighborhood (50%) is slightly cooler than the citywide average, while neighboring Hoffman Estates (57%) runs a touch hotter.
Why is Schaumburg Highly Competitive?
Schaumburg is highly competitive because broad demand across its diverse housing stock overwhelms a persistently low inventory level. At 2.6 months of supply, the market tilts firmly toward sellers. Price drops affect just 14% of active listings, showing most sellers price accurately. The pace remains fast at 44 days, unchanged from a year ago.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Mkt in 2 Wks |
|---|---|---|---|---|
| Schaumburg | 52.2% | 100.6% | 44 days | 61.4% |
| Golden Corridor | 49.6% | 100.7% | 44 days | 61.4% |
| Hoffman Estates, IL | 57.2% | 101.6% | 44 days | 64.8% |
| Arlington Heights, IL | 55.9% | 101.5% | 41 days | 61.5% |
| Elk Grove Village, IL | 53.2% | 100.9% | 45 days | 62.8% |
| Bartlett, IL | 51.9% | 101.1% | 44 days | 60.0% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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