Is Lake Barrington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Barrington has remained a Seller's Market.
Housing Prices in Lake Barrington, IL
How much do homes in Lake Barrington, IL cost?
Median Sold Price
$410,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Barrington was $410,000 in April 2024, up 5.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $225K | -18.2% |
2 Bedrooms | $275K | $305K | +10.9% |
3 Bedrooms | $358K | $413.5K | +15.5% |
4 Bedrooms | $635K | $598.5K | -5.7% |
5+ Bedrooms | $819K | $798.7K | -2.5% |
Summary: Lake Barrington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
Port Barrington | $363.7K | $462.5K | +27.1% |
North Barrington | $730K | $819K | +12.2% |
Lake Barrington | $390K | $410K | +5.1% |
Cuba Township | $475K | $478.8K | +0.8% |
Housing Supply in Lake Barrington, IL
How many homes are available in Lake Barrington, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Lake Barrington real estate market had 40 homes for sale in April 2024, a 11.1% 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 | 11 | 14 | +27.3% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lake 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 increased by 27.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lake Barrington in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Lake Barrington, IL
How long does it take to sell a home in Lake Barrington, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 38 Days | -18.8% |
Summary: Homes in Lake Barrington had an average of 38 days on market in Apr 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Lake Barrington; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.