Is South Barrington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Barrington has remained a Neutral Market.
Housing Prices in South Barrington, IL
How much do homes in South Barrington, IL cost?
Median Sold Price
$1,054,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Barrington was $1,054,000 in May 2024, up 10.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $720K | $812.5K | +12.8% |
3 Bedrooms | $744.3K | $745K | 0.1% |
4 Bedrooms | $895K | $1.0M | +15.4% |
5+ Bedrooms | $1.2M | $1.3M | +3.1% |
Summary: South Barrington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
South Barrington | $957.5K | $1.0M | +10.1% |
Hoffman Estates | $327K | $355K | +8.6% |
Barrington Hills | $940K | $995.9K | +5.9% |
Inverness | $685K | $710K | +3.6% |
Barrington Township | $654.1K | $676.7K | +3.5% |
Housing Supply in South Barrington, IL
How many homes are available in South Barrington, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Summary: The South Barrington real estate market had 33 homes for sale in May 2024, a 37.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 6 | 12 | +100.0% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The South Barrington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in South Barrington in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for South Barrington, IL
How long does it take to sell a home in South Barrington, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +10.1% |
Summary: Homes in South Barrington had an average of 23 days on market in May 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in South Barrington; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.