Ideally located just 26 miles northwest of downtown Chicago, the Village of Schaumburg is one of the metropolitan area's premier suburban communities. The village is surrounded by the Township of Schaumburg and is close to the junction of interstates 90 and 290, making it an excellent location for families, commuters and businesses alike.
Since its incorporation in 1956, Schaumburg has experienced tremendous commercial and residential growth. The village offers comfortable living, abundant recreational opportunities, excellent schools and a thriving business community to approximately 76,000 residents. More than 85 miles of on- and off-street bike paths wind throughout the town, encouraging safe bicycle travel. In fact, the Village of Schaumburg has been designated a "Bicycle Friendly Community" by a national cycling organization.
The village hosts many exciting community events each year, providing plenty of opportunities for residents to enjoy their town and each other's company. Schaumburg is also home to the Woodfield Mall, the nation's second-largest fully-enclosed, climate-controlled shopping center. Though downtown Chicago is just half an hour away, residents are more than happy to live, work and shop within the borders of their hometown.
Available Schaumburg real estate includes a variety of single-family homes, as well as affordable condominiums and townhouses. Some properties boast desirable waterfront locations.
Schaumburg Real Estate Market: Price Range of Schaumburg Homes for Sale
The Village of Schaumburg is home to a diverse real estate market. Offering affordable homes in a variety of architectural styles -- from garden homes and communities nestled in park-like settings to manor homes and estate properties -- this community has housing to fit every lifestyle.
Schaumburg townhouses and condominiums can be found in subdivisions such as Lakewood, Lexington Green, Briar Pointe and Towne Place West. Prices for these properties range from just under $100,000 to the high $200,000s. A few large, new models are priced at $400,000 or more. Schaumburg houses are available in neighborhoods such as Weathersfield Lakes, Nantucket Cove, Lexington Village and Spring Core. Some Schaumburg homes feature water frontage and are located on large treed lots. Prices start from $150,000 and can exceed $1 million. Schaumburg land available for custom development is limited.
"Sarah Leonard : Your Real Estate Expert in Schaumburg, Illinois Real Estate"
Schaumburg Real Estate Stats and Trends for the week of May 2nd, 2016: homes priced around $335,352 compared to $339,383 the previous week, showing a decrease of less than -1%. For Thursday, May 5th, the current national mortgage rate for a 30 year fixed mortgage is 3.63%; the 15 year fixed rate is at 2.76%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.05%, while the 15 year jumbo rate currently is at 3.69%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Schaumburg IL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Schaumburg to help you find the best home!