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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Barrington is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in South Barrington, IL

How much do homes in South Barrington, IL cost?

Median Sold Price

$1,094,500

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$140,750(+14.8%)

Key Takeaway

Homes in South Barrington have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in South Barrington was $1,094,500 in June 2024, up 14.8% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $817.5K$795K
-2.8%
3 $710K$745K
+4.9%
4 $905.5K$1.0M
+13.7%
5+ $1.2M$1.3M
+7.9%

Summary: South 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 2.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

South Barrington
+14.8%
Barrington Hills
+12.9%
Hoffman Estates
+7.6%
Barrington Township
+5.8%
Inverness
+4.6%

Housing Supply in South Barrington, IL

How many homes are available in South Barrington, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
30300.0%

Summary: The South Barrington real estate market had 30 homes for sale in June 2024, the same as May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 11
0.0%
3 01
+100.0%
4 1010
0.0%
5+ 1918
-5.3%

Summary: The South 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Barrington, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in South Barrington in June 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.

Days on Market for South Barrington, IL

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

Average Sale Time

Jun 2023Jun 2024CHANGE
46 Days16 Days-65.1%

Summary: Homes in South Barrington had an average of 16 days on market in Jun 2024, down by 65.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 8 homes were sold in South Barrington; 63% of homes were sold within 30 days, 38% 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 18 Days Ago

Newest Listings in South Barrington, IL

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