Is North Barrington, 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, North Barrington was a Buyer's Market.
Housing Prices in North Barrington, IL
How much do homes in North Barrington, IL cost?
Median Sold Price
$925,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Barrington was $925,000 in May 2024, up 28.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $438.5K | $479.9K | +9.4% |
4 Bedrooms | $626K | $902K | +44.1% |
5+ Bedrooms | $1.0M | $1.0M | -8.5% |
Summary: North 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 did not change, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
North Barrington | $720K | $925K | +28.5% |
Lake Zurich | $384.3K | $421.6K | +9.7% |
Cuba Township | $466.5K | $480K | +2.9% |
Lake Barrington | $409K | $410K | 0.2% |
Deer Park | $555K | $540K | -2.7% |
Housing Supply in North Barrington, IL
How many homes are available in North Barrington, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Summary: The North Barrington real estate market had 27 homes for sale in May 2024, a 3.8% 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 | 1 | +100.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The North 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in North Barrington in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for North Barrington, IL
How long does it take to sell a home in North Barrington, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 69 Days | +481.0% |
Summary: Homes in North Barrington had an average of 69 days on market in May 2024, up by 481% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in North Barrington; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.