Is Barrington Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Barrington Hills was a Seller's Market.
Housing Prices in Barrington Hills, IL
How much do homes in Barrington Hills, IL cost?
Median Sold Price
$995,900
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Barrington Hills was $995,900 in May 2024, up 5.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | - | N/A |
3 Bedrooms | $509K | $775K | +52.3% |
4 Bedrooms | $880.2K | $747.5K | -15.1% |
5+ Bedrooms | $1.3M | $1.2M | -5.8% |
Summary: Barrington Hills 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 did not change, 3 bedroom homes increased by 52.3%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Barrington | $541K | $615K | +13.7% |
Barrington Hills | $940K | $995.9K | +5.9% |
Barrington Township | $654.1K | $676.7K | +3.5% |
Cuba Township | $466.5K | $480K | +2.9% |
Fox River Grove | $318.5K | $315K | -1.1% |
Housing Supply in Barrington Hills, IL
How many homes are available in Barrington Hills, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 48 | +23.1% |
Summary: The Barrington Hills real estate market had 48 homes for sale in May 2024, a 23.1% 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 | 4 | 3 | -25.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 25 | 33 | +32.0% |
Summary: The Barrington Hills 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 decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 32%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Barrington Hills in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Barrington Hills, IL
How long does it take to sell a home in Barrington Hills, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 13 Days | -76.5% |
Summary: Homes in Barrington Hills had an average of 13 days on market in May 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Barrington Hills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.