Is Barrington Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Barrington Township has remained a Seller's Market.
Housing Prices in Barrington Township, IL
How much do homes in Barrington Township, IL cost?
Median Sold Price
$686,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Barrington Township was $686,000 in June 2024, up 5.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.5K | $181K | -0.8% |
2 Bedrooms | $317.5K | $346.5K | +9.1% |
3 Bedrooms | $495K | $494.5K | -0.1% |
4 Bedrooms | $705K | $713.7K | +1.2% |
5+ Bedrooms | $1.1M | $1.1M | +3.0% |
Summary: Barrington Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Barrington | $549.9K | $635K | +15.5% |
South Barrington | $953.7K | $1.0M | +14.8% |
Barrington Hills | $940K | $1.0M | +12.9% |
Barrington Township | $648.6K | $686K | +5.8% |
Inverness | $683.5K | $715K | +4.6% |
Housing Supply in Barrington Township, IL
How many homes are available in Barrington Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
168 | 192 | +14.3% |
Summary: The Barrington Township real estate market had 192 homes for sale in June 2024, a 14.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 29 | 36 | +24.1% |
4 Bedrooms | 57 | 76 | +33.3% |
5+ Bedrooms | 67 | 66 | -1.5% |
Summary: The Barrington Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 1.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Barrington Township in June 2024, up by 5.7% month-over-month. Of the 37 sold homes, 51% were sold under asking, 14% were sold at asking, and 35% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
35 Days | 18 Days | -49.0% |
Summary: Homes in Barrington Township had an average of 18 days on market in Jun 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 37 homes were sold in Barrington Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.