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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington Hills is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Barrington Hills, IL cost?

Median Sold Price

$930,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$170,000(+22.4%)

Key Takeaway

Homes in Barrington Hills have sold for 22.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $775K-
N/A
2 $411K$1.1M
+168.2%
3 $500K$625K
+25.0%
4 $743K$820K
+10.4%
5+ $927.5K$1.4M
+54.0%

Median Sold Price Compared To Nearby Cities

Barrington Hills
+22.4%
Fox River Grove
+14.1%
Barrington Township
+11.7%
Barrington
+3.4%
Cuba Township
+3.0%

How many homes are available in Barrington Hills, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
35350.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 1110
-9.1%
5+ 2223
+4.5%

Number of Homes Sold

Aug 2022Sep 2022%
47+75.0%

Asking Price vs. Sold Price

5 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 Hills, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days42 Days+167.9%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barrington Hills 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 Hills, IL

Number of homes for sale in Barrington Hills, IL real estate market have reached 35. While the average time on the market in September 2022 was 42 days, the median list price was $930,000. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 168.2% more expensive, prices of 3 bedrooms properties increased by 25%, 4 bedrooms properties became 10.4% more expensive, the cost of 5 bedrooms properties went up by 54%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory decreased by 9.1%, 5 bedrooms homes inventory increased by 4.5%. While more than 1 listings in Barrington Hills, IL in September 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 5 were sold below.

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