Is 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, Barrington has remained a Seller's Market.
Housing Prices in Barrington, IL
How much do homes in Barrington, IL cost?
Median Sold Price
$603,750
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Barrington was $603,750 in April 2024, up 11% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $181.7K | +20.4% |
2 Bedrooms | $269.5K | $292K | +8.3% |
3 Bedrooms | $453.7K | $479.9K | +5.8% |
4 Bedrooms | $627.5K | $689K | +9.8% |
5+ Bedrooms | $825K | $910K | +10.3% |
Summary: Barrington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
Barrington | $544K | $603.7K | +11.0% |
Cuba Township | $475K | $478.8K | +0.8% |
Inverness | $699K | $694K | -0.7% |
Deer Park | $550K | $540K | -1.8% |
Barrington Township | $694.5K | $650.7K | -6.3% |
Housing Supply in Barrington, IL
How many homes are available in Barrington, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 113 | +34.5% |
Summary: The Barrington real estate market had 113 homes for sale in April 2024, a 34.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 33 | 42 | +27.3% |
5+ Bedrooms | 26 | 41 | +57.7% |
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 increased by 28.6%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 57.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Barrington in April 2024, up by 5.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 28 Days | -44.9% |
Summary: Homes in Barrington had an average of 28 days on market in Apr 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Barrington; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.