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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Barrington is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in North Barrington, IL

How much do homes in North Barrington, IL cost?

Median Sold Price

$819,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$89,000(+12.2%)

Key Takeaway

Homes in North Barrington have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in North Barrington was $819,000 in April 2024, up 12.2% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $435K$479.9K
+10.3%
4 $635K$782K
+23.1%
5+ $1.0M$987.5K
-9.6%

Summary: North Barrington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Cities

North Barrington
+12.2%
Lake Zurich
+10.7%
Lake Barrington
+5.1%
Cuba Township
+0.8%
Deer Park
-1.8%

Housing Supply in North Barrington, IL

How many homes are available in North Barrington, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2729+7.4%

Summary: The North Barrington real estate market had 29 homes for sale in April 2024, a 7.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 712
+71.4%
5+ 1613
-18.8%

Summary: The North Barrington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Barrington, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in North Barrington in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for North Barrington, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days47 Days+16.7%

Summary: Homes in North Barrington had an average of 47 days on market in Apr 2024, up by 16.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 6 homes were sold in North Barrington; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 28 Days Ago

Newest Listings in North Barrington, IL

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