Is Barrington, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Barrington was a Seller's Market.
Key Takeaway
Barrington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Barrington, NJ
How much do homes in Barrington, NJ cost?
Median Sold Price
$350,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Barrington have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Barrington was $350,000 in April 2024, up 11.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $260K | -5.5% |
| 3 Bedrooms | $319K | $330K | +3.4% |
| 4 Bedrooms | $315K | $375.2K | +19.1% |
| 5+ Bedrooms | $345K | $374.9K | +8.7% |
Summary: 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 5.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Haddon Heights | $383K | $457.4K | +19.4% |
| Barrington | $315K | $350K | +11.1% |
| Magnolia | $261K | $283.2K | +8.5% |
| Lawnside | $280K | $296K | +5.7% |
Housing Supply in Barrington, NJ
How many homes are available in Barrington, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Barrington real estate market had 19 homes for sale in April 2024, a 35.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 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 increased by 66.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barrington, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Barrington in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 21 Days | -43.5% |
Summary: Homes in Barrington had an average of 21 days on market in Apr 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Barrington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Barrington; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
