Is Barrington Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Barrington Township was a Seller's Market.
Housing Prices in Barrington Township, IL
How much do homes in Barrington Township, IL cost?
Median Sold Price
$653,750
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Barrington Township was $653,750 in March 2024, down 3.2% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $421.2K | +140.7% |
2 Bedrooms | $310K | $305K | -1.6% |
3 Bedrooms | $466.8K | $515K | +10.3% |
4 Bedrooms | $715K | $692K | -3.2% |
5+ Bedrooms | $1.2M | $965K | -20.7% |
Summary: Barrington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Cities
Barrington | $543.5K | $605K | +11.3% |
South Barrington | $949.4K | $1.0M | +11.0% |
Inverness | $685K | $678.5K | -0.9% |
Barrington Township | $675.3K | $653.7K | -3.2% |
Barrington Hills | $986.2K | $860K | -12.8% |
Housing Supply in Barrington Township, IL
How many homes are available in Barrington Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 125 | +19.0% |
Summary: The Barrington Township real estate market had 125 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 39 | 44 | +12.8% |
5+ Bedrooms | 42 | 52 | +23.8% |
Summary: The Barrington Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Barrington Township in March 2024, down by 17.4% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Barrington Township, IL
How long does it take to sell a home in Barrington Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 18 Days | -48.8% |
Summary: Homes in Barrington Township had an average of 18 days on market in Mar 2024, down by 48.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Barrington Township; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.