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 buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Barrington Township was a Neutral Market.

Key Takeaway

Barrington Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Barrington Township, IL

How much do homes in Barrington Township, IL cost?

Median Sold Price

$645,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$82,500(-11.3%)

Key Takeaway

Homes in Barrington Township have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in Barrington Township was $645,000 in January 2024, down 11.3% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $163K$474.9K
+191.3%
2 $364.7K$320K
-12.3%
3 $437.5K$515K
+17.7%
4 $739K$700K
-5.3%
5+ $1.2M$969K
-20.9%

Summary: Barrington Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 191.3%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 20.9%.

Median Sold Price Compared To Nearby Cities

Barrington
+11.4%
Barrington Township
-11.3%

Housing Supply in Barrington Township, IL

How many homes are available in Barrington Township, IL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
9899+1.0%

Summary: The Barrington Township real estate market had 99 homes for sale in January 2024, a 1.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 1315
+15.4%
4 4436
-18.2%
5+ 3538
+8.6%

Summary: The Barrington Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 8.6%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2313-43.5%

Asking Price vs. Sold Price

9 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. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Barrington Township in January 2024, down by 43.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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

Jan 2023Jan 2024CHANGE
29 Days46 Days+55.1%

Summary: Homes in Barrington Township had an average of 46 days on market in Jan 2024, up by 55.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Barrington Township has remained consistent over time.

Summary: During January 2024, 13 homes were sold in Barrington Township; 31% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 8% 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 29 Days Ago

Newest Listings in Barrington Township, IL

Nearby Markets to Barrington Township, IL

What housing markets are near Barrington Township, IL?