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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Barrington is a buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Port Barrington, IL

How much do homes in Port Barrington, IL cost?

Median Sold Price

$425,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$35,000(+9.0%)

Key Takeaway

Homes in Port Barrington have sold for 9% more than they did a year ago.

Summary: The median home sold price in Port Barrington was $425,000 in June 2024, up 9% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $245K$237.5K
-3.1%
3 $425K$418.7K
-1.5%
4 $377.5K$445.4K
+18.0%
5+ $1.0M$1.0M
+0.9%

Summary: Port Barrington housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Cities

Port Barrington
+9.0%
Cuba Township
+2.6%
Island Lake
+2.3%
Wauconda Township
-0.7%
Lake Barrington
-1.7%

Housing Supply in Port Barrington, IL

How many homes are available in Port Barrington, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
913+44.4%

Summary: The Port Barrington real estate market had 13 homes for sale in June 2024, a 44.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 44
0.0%
3 46
+50.0%
4 02
+100.0%
5+ 11
0.0%

Summary: The Port Barrington 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Barrington, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Port Barrington in June 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Port Barrington, IL

How long does it take to sell a home in Port Barrington, IL?

Average Sale Time

Jun 2023Jun 2024CHANGE
41 Days4 Days-90.4%

Summary: Homes in Port Barrington had an average of 4 days on market in Jun 2024, down by 90.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 1 homes were sold in Port Barrington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in Port Barrington, IL

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