Is Barrington, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Barrington, NJ

How much do homes in Barrington, NJ cost?

Median Sold Price

$365,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$40,000(+12.3%)

Key Takeaway

Homes in Barrington have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Barrington was $365,000 in September 2024, up 12.3% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $260K$220K
-15.4%
3 $319K$337.5K
+5.8%
4 $351K$399K
+13.7%
5+ $345K$376K
+9.0%

Summary: 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 decreased by 15.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Cities

Lawnside
+21.1%
Magnolia
+15.2%
Barrington
+12.3%
Haddon Heights
+8.5%

Housing Supply in Barrington, NJ

How many homes are available in Barrington, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2320-13.0%

Summary: The Barrington real estate market had 20 homes for sale in September 2024, a 13.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1310
-23.1%
4 65
-16.7%
5+ 34
+33.3%

Summary: The 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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Barrington in September 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Barrington, NJ

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

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days16 Days+11.3%

Summary: Homes in Barrington had an average of 16 days on market in Sep 2024, up by 11.3% compared to last year.

Breakdown of Home Sale Times

4 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

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

Summary: During September 2024, 5 homes were sold in Barrington; 80% of homes were sold within 30 days, 20% 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 10 Days Ago

Newest Listings in Barrington, NJ

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