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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington Square is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Barrington Square has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Barrington Square, IL

How much do homes in Barrington Square, IL cost?

Median Sold Price

$225,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+7.1%)

Key Takeaway

Homes in Barrington Square have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Barrington Square was $225,000 in April 2024, up 7.1% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $195K$225K
+15.4%
3 $225K$225K
0.0%
4 $254.9K$246K
-3.5%
5+ --
N/A

Summary: Barrington Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes did not change.

Housing Supply in Barrington Square, IL

How many homes are available in Barrington Square, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
79+28.6%

Summary: The Barrington Square real estate market had 9 homes for sale in April 2024, a 28.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 14
+300.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Barrington Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington Square, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Barrington Square in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Barrington Square, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
4 Days21 Days+381.5%

Summary: Homes in Barrington Square had an average of 21 days on market in Apr 2024, up by 381.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barrington Square are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Barrington Square; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

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