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 September 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

$440,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$54,100(+14.0%)

Key Takeaway

Homes in Port Barrington have sold for 14% more than they did a year ago.

Summary: The median home sold price in Port Barrington was $440,000 in September 2024, up 14% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $237.5K$360K
+51.6%
3 $378.5K$425K
+12.3%
4 $375.4K$472.5K
+25.8%
5+ $1.0M$835.1K
-21.9%

Summary: Port Barrington housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes decreased by 21.9%.

Median Sold Price Compared To Nearby Cities

Port Barrington
+14.0%
Cuba Township
+13.3%
Lake Barrington
+6.6%
Island Lake
+3.9%
Wauconda Township
+2.0%

Housing Supply in Port Barrington, IL

How many homes are available in Port Barrington, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
11110.0%

Summary: The Port Barrington real estate market had 11 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 76
-14.3%
4 32
-33.3%
5+ 00
0.0%

Summary: The Port Barrington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Barrington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Port Barrington in September 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
15 Days32 Days+113.3%

Summary: Homes in Port Barrington had an average of 32 days on market in Sep 2024, up by 113.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Port Barrington; 0% of homes were sold within 30 days, 100% 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 26 Days Ago

Newest Listings in Port Barrington, IL

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