Is Barrington Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Barrington Township was a Seller's Market.
Housing Prices in Barrington Township, IL
How much do homes in Barrington Township, IL cost?
Median Sold Price
$650,750
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Barrington Township was $650,750 in April 2024, down 6.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $203K | $182.5K | -10.1% |
2 Bedrooms | $312.5K | $312.5K | 0.0% |
3 Bedrooms | $490K | $518.5K | +5.8% |
4 Bedrooms | $730K | $700K | -4.1% |
5+ Bedrooms | $1.2M | $974.5K | -19.5% |
Summary: Barrington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 19.5%.
Median Sold Price Compared To Nearby Cities
Barrington | $544K | $603.7K | +11.0% |
South Barrington | $952.5K | $1.0M | +9.7% |
Inverness | $699K | $694K | -0.7% |
Barrington Township | $694.5K | $650.7K | -6.3% |
Barrington Hills | $985K | $895K | -9.1% |
Housing Supply in Barrington Township, IL
How many homes are available in Barrington Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
110 | 146 | +32.7% |
Summary: The Barrington Township real estate market had 146 homes for sale in April 2024, a 32.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 40 | 52 | +30.0% |
5+ Bedrooms | 44 | 63 | +43.2% |
Summary: The Barrington Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 43.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Barrington Township in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.
Days on Market for Barrington Township, IL
How long does it take to sell a home in Barrington Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 32 Days | -27.9% |
Summary: Homes in Barrington Township had an average of 32 days on market in Apr 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Barrington Township; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.