The prices in real estate in Schaumburg, in the Illinois region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Schaumburg has increased during the last 6 months. In January, the average price per sq.feet was $180. In February this price pretty much remained the same at a value of $184 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $182 to $207 per sq.feet. The price per sq.feet has increased 106 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $194.5 to $206 during May, and June.
Based upon to the price in Schaumburg (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $259,662. In February This price remains at $263,190. During the following two months (March, April) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $345,750 they are 60 % more affordable than the average price for Schaumburg. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 3 bedrooms priced at $370,296.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $157 / sq.feet, with an average $203 / sq.feet price in Schaumburg. The properties with the highest average prices have 3 bedrooms. They are 12 % more expensive than the average followed by properties with 4 bedrooms with a price at $209 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $345,750 it is 37 % cheaper than the average price in Schaumburg. "Detached House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $419,866 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $185 / sq.feet followed by "Townhouse" priced at $205 / sq.feet. "Detached House" is the most costly type of property with a $606 / sq.feet cost followed by "Commercial" with an average price of $465 / sq.feet.