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Featured local agent — Schiller Park, IL
Sarah Mitchell
Compass Real Estate · Schiller Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Schiller Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$300,000median sale price
How is the Schiller Park, IL housing market right now?
The median home sale price in Schiller Park, IL is $300,000, down 7.7% year-over-year. Homes sell in an average of 53 days with 27 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Schiller Park a buyer's or seller's market?
Schiller Park, IL is currently a seller's market, based on 2.5 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
53
Average pace
Active listings
27
2.5 months supply
Sale-to-list
101.7%
Above asking
What does the Schiller Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $300,000 |
| Median list price | $300,000 |
| Year-over-year price change | -7.7% |
| Average days on market | 53 days |
| Active inventory | 27 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 101.7% |
| Median price per sq ft | $234/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 15 |
| Listings with a price cut | 3.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Schiller Park by property type?
How the Schiller Park, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $425,000 | $247/sq ft | 5 | 56 days |
| Condo / Co-op | $180,000 | $208/sq ft | 5 | 53 days |
| Townhouse | $305,000 | $257/sq ft | 1 | 53 days |
Source: Redfin · Updated monthly
The Schiller Park housing market is currently classified as a seller's market with a median sale price of $300,000. Prices have fallen 7.7% compared to last year, with homes spending an average of 53 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Schiller Park
There are currently 27 homes listed for sale in Schiller Park, Illinois. The median listing price is $300K.
Active listings
27
Homes on market
Median list price
$300K
Avg. days on market
53
Days until sale
New this week
15
Newly listed
Who lives in Schiller Park?
Population
11,454
Median income
$67,473/yr
Median age
36.9 years
Owner-occupied
53.4%
College grads
27.8%
Avg commute
26.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Schiller Park?
Zillow home value
$319,323
Zillow rent index
$1,579/mo
Price-to-rent ratio
16.9x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Schiller Park?
Schiller Park is a community of approximately 11K residents with a median age of 36.9 years.The median household income is $67,473, which represents a working-class community with solid middle-income opportunities. 27.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.4%, showing a blend of owner and renter-occupied properties. The average commute time is 26.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Schiller Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Schiller Park?
3 schools tracked · 1,357 students
The largest public schools serving Schiller Park, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
John F Kennedy Elem School
Grades PK-3 · 606 students
Lincoln Middle School
Grades 6-8 · 456 students
Washington Elem School
Grades 4-5 · 295 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Schiller Park, IL?
Want a head-to-head view? Compare Schiller Park side-by-side with any other U.S. city using our market-comparison tool.
Is Schiller Park a good real estate investment market?
For investors evaluating Schiller Park, the price-to-rent ratio of 16.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Schiller Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Schiller Park's median home price.
Frequently asked questions
What is the average home price in Schiller Park?
The median home sale price in Schiller Park is $300,000, down 7.7% from last year.
How long do homes stay on market in Schiller Park?
Homes typically spend 53 days on market before going under contract.
What is the median income in Schiller Park?
The median household income is $67,473 per year.
Is Schiller Park a buyer's or seller's market?
With 2.5 months of supply, Schiller Park is currently a seller's market.
What is the Zillow home value estimate for Schiller Park?
The Zillow Home Value Index (ZHVI) for Schiller Park is $319,323, representing the typical home value in the area.
What is the median condo price in Schiller Park?
The median condo/co-op sale price in Schiller Park, IL is $180,000, compared to $425,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Schiller Park?
The median single-family home price in Schiller Park, IL is $425,000 (about $247 per square foot).
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