Is North 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, North Barrington has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $435K | $479.9K | +10.3% |
4 Bedrooms | $635K | $782K | +23.1% |
5+ Bedrooms | $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 | $730K | $819K | +12.2% |
Lake Zurich | $380K | $420.5K | +10.7% |
Lake Barrington | $390K | $410K | +5.1% |
Cuba Township | $475K | $478.8K | +0.8% |
Deer Park | $550K | $540K | -1.8% |
Housing Supply in North Barrington, IL
How many homes are available in North Barrington, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 29 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 16 | 13 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 47 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
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.