Is Barrington, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Barrington has remained a Seller's Market.

Key Takeaway

Barrington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Barrington, IL

How much do homes in Barrington, IL cost?

Median Sold Price

$605,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$61,500(+11.3%)

Key Takeaway

Homes in Barrington have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Barrington was $605,000 in March 2024, up 11.3% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $163K$182.5K
+12.0%
2 $265K$285K
+7.5%
3 $440.5K$479.9K
+9.0%
4 $636.2K$683.7K
+7.5%
5+ $800K$880K
+10.0%

Summary: Barrington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Barrington
+11.3%
Inverness
-0.9%
Deer Park
-1.4%
Cuba Township
-2.0%
Barrington Township
-3.2%

Housing Supply in Barrington, IL

How many homes are available in Barrington, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8598+15.3%

Summary: The Barrington real estate market had 98 homes for sale in March 2024, a 15.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 87
-12.5%
3 1520
+33.3%
4 3237
+15.6%
5+ 3033
+10.0%

Summary: The Barrington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1918-5.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Barrington in March 2024, down by 5.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for Barrington, IL

How long does it take to sell a home in Barrington, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
29 Days17 Days-39.9%

Summary: Homes in Barrington had an average of 17 days on market in Mar 2024, down by 39.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barrington are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 18 homes were sold in Barrington; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Barrington, IL

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