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 buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Barrington Hills, IL

How much do homes in Barrington Hills, IL cost?

Median Sold Price

$1,162,500

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$237,500(+25.7%)

Key Takeaway

Homes in Barrington Hills have sold for 25.7% more than they did a year ago.

Summary: The median home sold price in Barrington Hills was $1,162,500 in September 2024, up 25.7% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $120K-
N/A
3 $531K$784.9K
+47.8%
4 $704.1K$870K
+23.6%
5+ $1.2M$1.3M
+9.7%

Summary: Barrington Hills housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 47.8%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Barrington Hills
+25.7%
Fox River Grove
+23.7%
Cuba Township
+13.3%
Barrington
+12.8%
Barrington Township
+5.3%

Housing Supply in Barrington Hills, IL

How many homes are available in Barrington Hills, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3237+15.6%

Summary: The Barrington Hills real estate market had 37 homes for sale in September 2024, a 15.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 99
0.0%
5+ 2024
+20.0%

Summary: The Barrington Hills housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Barrington Hills in September 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Barrington Hills, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days53 Days+168.8%

Summary: Homes in Barrington Hills had an average of 53 days on market in Sep 2024, up by 168.8% compared to last year.

Breakdown of Home Sale Times

2 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 Hills are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Barrington Hills; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 9 Days Ago

Newest Listings in Barrington Hills, IL

Nearby Markets to Barrington Hills, IL

What housing markets are near Barrington Hills, IL?