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 December 2021

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.

How much do homes in Barrington, IL cost?

Median Sold Price

$540,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$45,000(+9.1%)

Key Takeaway

Homes in Barrington have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $155K$163K
+5.2%
2 $238K$281K
+18.1%
3 $387K$437.5K
+13.0%
4 $582.5K$637.5K
+9.4%
5+ $765K$720K
-5.9%

Median Sold Price Compared To Nearby Cities

Barrington Township
+14.6%
Inverness
+10.5%
Barrington
+9.1%
Cuba Township
-2.9%

How many homes are available in Barrington, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
4946-6.1%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 1413
-7.1%
3 1212
0.0%
4 1715
-11.8%
5+ 55
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
1211-8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 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. 45.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
83 Days19 Days-77.1%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

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

About Barrington, IL

Number of homes for sale in Barrington, IL real estate market have reached 46. The number of homes for sale in Barrington, IL decreased by 6.1% between November 2022 and December 2022. Listings spent 19 days on the market in December 2022, and had a median list price of $540,000 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 5.2%, 2 bedrooms properties became 18.1% more expensive, the cost of 3 bedrooms properties went up by 13%, 4 bedrooms properties prices increased by 9.4%, prices of 5 bedrooms properties went down by 5.9%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 7.1%, number of 3 bedrooms homes remained the same, volume of 4 bedrooms homes went down by 11.8%, the quantity of 5 bedrooms homes have not changed. Barrington, IL housing market in December 2022 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 5 sold below.

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