Is Barrington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Barrington has remained a Seller's Market.
Housing Prices in Barrington, IL
How much do homes in Barrington, IL cost?
Median Sold Price
$615,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Barrington was $615,000 in May 2024, up 13.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.7K | $181K | +8.5% |
2 Bedrooms | $274K | $305K | +11.3% |
3 Bedrooms | $437.5K | $480K | +9.7% |
4 Bedrooms | $615K | $700K | +13.8% |
5+ Bedrooms | $847.5K | $937.5K | +10.6% |
Summary: Barrington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Barrington | $541K | $615K | +13.7% |
Inverness | $685K | $710K | +3.6% |
Barrington Township | $654.1K | $676.7K | +3.5% |
Cuba Township | $466.5K | $480K | +2.9% |
Deer Park | $555K | $540K | -2.7% |
Housing Supply in Barrington, IL
How many homes are available in Barrington, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 144 | +42.6% |
Summary: The Barrington real estate market had 144 homes for sale in May 2024, a 42.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 16 | +77.8% |
3 Bedrooms | 20 | 31 | +55.0% |
4 Bedrooms | 36 | 48 | +33.3% |
5+ Bedrooms | 35 | 48 | +37.1% |
Summary: The Barrington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 55%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 37.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Barrington in May 2024, up by 31.6% month-over-month. Of the 25 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.
Days on Market for Barrington, IL
How long does it take to sell a home in Barrington, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 27 Days | -10.1% |
Summary: Homes in Barrington had an average of 27 days on market in May 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Barrington; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.