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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington is a buyer's market

Buyer's
Market

Difference Since December 2020

At the same time last year, Barrington was a Seller's Market.

Key Takeaway

Barrington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Barrington, IL cost?

Median Sold Price

$495,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$40,000(+8.8%)

Key Takeaway

Homes in Barrington have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $170.7K$155K
-9.2%
2 $277K$238K
-14.1%
3 $392.5K$387K
-1.4%
4 $499.9K$582.5K
+16.5%
5+ $522.5K$765K
+46.4%

Median Sold Price Compared To Nearby Cities

Cuba Township
+25.1%
Inverness
+16.4%
Barrington Township
+14.5%
Barrington
+8.8%

How many homes are available in Barrington, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
7666-13.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 11
0.0%
2 910
+11.1%
3 1714
-17.6%
4 3731
-16.2%
5+ 1210
-16.7%

Number of Homes Sold

Nov 2021Dec 2021%
169-43.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 77.8% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
34 Days83 Days+141.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Barrington has remained consistent over time.

About Barrington, IL

Number of homes for sale in Barrington, IL real estate market have reached 66. The inventory of homes for sale in Barrington, IL between November 2021 and December 2021 decreased by 13.2%. In December 2021, listings were on the market for 83 days. During the same period, the median list price in this real estate market was $495,000. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties went down by 9.2%, the cost of 2 bedrooms properties went down by 14.1%, prices of 3 bedrooms properties went down by 1.4%, prices of 4 bedrooms properties increased by 16.5%, 5 bedrooms properties prices increased by 46.4%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 11.1%, number of 3 bedrooms homes decreased by 17.6%, 4 bedrooms homes inventory decreased by 16.2%, the quantity of 5 bedrooms homes went down by 16.7%. Over 1 listings were sold over their listed price in December 2021 in Barrington, IL. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price.

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