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 neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Barrington Township was a Seller's Market.

Key Takeaway

Barrington Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

-$21,583(-3.2%)

Key Takeaway

Homes in Barrington Township have sold for 3.2% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $175K$421.2K
+140.7%
2 $310K$305K
-1.6%
3 $466.8K$515K
+10.3%
4 $715K$692K
-3.2%
5+ $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
+11.3%
South Barrington
+11.0%
Inverness
-0.9%
Barrington Township
-3.2%
Barrington Hills
-12.8%

Housing Supply in Barrington Township, IL

How many homes are available in Barrington Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
105125+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

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 87
-12.5%
3 1621
+31.3%
4 3944
+12.8%
5+ 4252
+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 2024Mar 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
35 Days18 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Barrington Township, IL

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What housing markets are near Barrington Township, IL?