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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Barrington is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Port Barrington was a Neutral Market.

Key Takeaway

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

Housing Prices in Port Barrington, IL

How much do homes in Port Barrington, IL cost?

Median Sold Price

$462,500

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$98,750(+27.1%)

Key Takeaway

Homes in Port Barrington have sold for 27.1% more than they did a year ago.

Summary: The median home sold price in Port Barrington was $462,500 in April 2024, up 27.1% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $168K-
N/A
2 $245K$237.5K
-3.1%
3 $380K$430K
+13.2%
4 $365K$465K
+27.4%
5+ -$1.0M
N/A

Summary: Port 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 decreased by 3.1%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Port Barrington
+27.1%
Lake Barrington
+5.1%
Wauconda Township
+4.5%
Cuba Township
+0.8%
Island Lake
0.1%

Housing Supply in Port Barrington, IL

How many homes are available in Port Barrington, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
45+25.0%

Summary: The Port Barrington real estate market had 5 homes for sale in April 2024, a 25.0% 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 01
+100.0%
5+ 00
0.0%

Summary: The Port 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 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Barrington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Port Barrington in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Port Barrington, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
3 Days6 Days+100.0%

Summary: Homes in Port Barrington had an average of 6 days on market in Apr 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Port 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.

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 Port Barrington, IL

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