Is Barrington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Barrington has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $182.5K | +12.0% |
2 Bedrooms | $265K | $285K | +7.5% |
3 Bedrooms | $440.5K | $479.9K | +9.0% |
4 Bedrooms | $636.2K | $683.7K | +7.5% |
5+ Bedrooms | $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 | $543.5K | $605K | +11.3% |
Inverness | $685K | $678.5K | -0.9% |
Deer Park | $553K | $545K | -1.4% |
Cuba Township | $491.2K | $481.2K | -2.0% |
Barrington Township | $675.3K | $653.7K | -3.2% |
Housing Supply in Barrington, IL
How many homes are available in Barrington, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 98 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 32 | 37 | +15.6% |
5+ Bedrooms | 30 | 33 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 18 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 17 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
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.