Is Barrington Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2022
Since last year, Barrington Hills has remained a Seller's Market.
Key Takeaway
Barrington Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Barrington Hills, IL cost?
Median Sold Price
$925,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2022
Key Takeaway
Homes in Barrington Hills have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Barrington Hills was $925,000 in September 2023, down 0.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $120K | -89.1% |
| 3 Bedrooms | $625K | $531K | -15.0% |
| 4 Bedrooms | $820K | $704.1K | -14.1% |
| 5+ Bedrooms | $1.4M | $1.2M | -13.4% |
Summary: Barrington Hills housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 89.1%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Barrington | $519K | $577.7K | +11.3% |
| Barrington Hills | $930K | $925K | -0.5% |
| Barrington Township | $696.1K | $648K | -6.9% |
| Fox River Grove | $315K | $281K | -10.8% |
| Cuba Township | $514.8K | $450K | -12.6% |
Housing Supply
How many homes are available in Barrington Hills, IL?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The Barrington Hills real estate market had 36 homes for sale in September 2023, the same as August 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The Barrington Hills housing inventory by bedroom type for September 2023 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 200%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barrington Hills, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Barrington Hills in September 2023, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market
How long does it take to sell a home in Barrington Hills, IL?
Average Sale Time
| Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|
| 42 Days | 20 Days | -53.3% |
Summary: Homes in Barrington Hills had an average of 20 days on market in Sep 2023, down by 53.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barrington Hills are selling fast, if you're buying plan to act quickly.
Summary: During September 2023, 7 homes were sold in Barrington Hills; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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