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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Barrington Township, IL cost?

Median Sold Price

$736,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$103,500(+16.4%)

Key Takeaway

Homes in Barrington Township have sold for 16.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $157K$175K
+11.5%
2 $330K$410K
+24.2%
3 $425K$435K
+2.4%
4 $681.2K$695.5K
+2.1%
5+ $962.5K$1.1M
+21.2%

Median Sold Price Compared To Nearby Cities

Barrington Hills
+22.6%
Barrington Township
+16.4%
Inverness
+12.8%
South Barrington
+8.5%
Barrington
+7.2%

How many homes are available in Barrington Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
9994-5.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 34
+33.3%
2 87
-12.5%
3 1817
-5.6%
4 3026
-13.3%
5+ 4040
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1920+5.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 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 Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
47 Days47 Days-0.2%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Barrington Township, IL

Barrington Township, IL has 94 homes on the market. In November 2022 in Barrington Township, IL there were 5.1% less homes for sale than in October 2022. Listings spent 47 days on the market in November 2022, and had a median list price of $736,000 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices increased by 11.5%, prices of 2 bedrooms properties increased by 24.2%, prices of 3 bedrooms properties increased by 2.4%, prices of 4 bedrooms properties increased by 2.1%, the cost of 5 bedrooms properties went up by 21.2%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 33.3%, 2 bedrooms homes became 12.5% less available, the quantity of 3 bedrooms homes went down by 5.6%, 4 bedrooms homes inventory decreased by 13.3%, 5 bedrooms homes did not move. While more than 1 listings in Barrington Township, IL in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 16 were sold below.

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