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 buyer's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in South Barrington, IL cost?

Median Sold Price

$890,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$126,125(+16.5%)

Key Takeaway

Homes in South Barrington have sold for 16.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $479.4K-
N/A
2 $600K$710K
+18.3%
3 $605K$665K
+9.9%
4 $711K$825K
+16.0%
5+ $932.5K$1.0M
+9.9%

Median Sold Price Compared To Nearby Cities

Barrington Hills
+17.4%
South Barrington
+16.5%
Hoffman Estates
+11.3%
Inverness
+10.9%
Barrington Township
+9.1%

How many homes are available in South Barrington, IL?

Number of Homes For Sale

Apr 2022May 2022%
4350+16.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 1313
0.0%
5+ 2633
+26.9%

Number of Homes Sold

Apr 2022May 2022%
770.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 85.7% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
8 Days48 Days+510.7%

Breakdown of Home Sale Times

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

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

About South Barrington, IL

South Barrington, IL has 50 homes for sale to choose from. The number of listings in South Barrington, IL increased by 16.3% between April 2022 and May 2022. In May 2022 median list price was $890,000 and the average listing age was 48 days. This housing market listing prices have changed between April 2022 and May 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 18.3%, 3 bedrooms properties became 9.9% more expensive, 4 bedrooms properties became 16% more expensive, prices of 5 bedrooms properties increased by 9.9%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory increased by 26.9%. In May 2022, from all listings sold in South Barrington, IL there were more than 0 sold above asking price, over 6 sold below and more than 1 were sold right at the asked price.

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