Is South Barrington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Barrington was a Neutral Market.
Housing Prices in South Barrington, IL
How much do homes in South Barrington, IL cost?
Median Sold Price
$1,054,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Barrington was $1,054,000 in March 2024, up 11% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $720K | $795K | +10.4% |
3 Bedrooms | $710K | $775K | +9.2% |
4 Bedrooms | $884.5K | $1.0M | +16.7% |
5+ Bedrooms | $1.2M | $1.2M | +2.5% |
Summary: South Barrington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
South Barrington | $949.4K | $1.0M | +11.0% |
Hoffman Estates | $327K | $355K | +8.6% |
Inverness | $685K | $678.5K | -0.9% |
Barrington Township | $675.3K | $653.7K | -3.2% |
Barrington Hills | $986.2K | $860K | -12.8% |
Housing Supply in South Barrington, IL
How many homes are available in South Barrington, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Summary: The South Barrington real estate market had 23 homes for sale in March 2024, a 64.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 1 | +100.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 10 | 16 | +60.0% |
Summary: The South Barrington housing inventory by bedroom type for March 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 increased by 50%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in South Barrington in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
92 Days | 5 Days | -94.0% |
Summary: Homes in South Barrington had an average of 5 days on market in Mar 2024, down by 94% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in South 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.