Is Barrington Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington Hills is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Barrington Hills was a Seller's Market.

Key Takeaway

Barrington Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Barrington Hills, IL

How much do homes in Barrington Hills, IL cost?

Median Sold Price

$995,900

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$55,900(+5.9%)

Key Takeaway

Homes in Barrington Hills have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Barrington Hills was $995,900 in May 2024, up 5.9% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $120K-
N/A
3 $509K$775K
+52.3%
4 $880.2K$747.5K
-15.1%
5+ $1.3M$1.2M
-5.8%

Summary: Barrington Hills housing prices by bedroom type for May 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 52.3%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Cities

Barrington
+13.7%
Barrington Hills
+5.9%
Barrington Township
+3.5%
Cuba Township
+2.9%
Fox River Grove
-1.1%

Housing Supply in Barrington Hills, IL

How many homes are available in Barrington Hills, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3948+23.1%

Summary: The Barrington Hills real estate market had 48 homes for sale in May 2024, a 23.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 1012
+20.0%
5+ 2533
+32.0%

Summary: The Barrington Hills 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 32%.

Number of Homes Sold

Apr 2024May 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington Hills, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Barrington Hills in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Barrington Hills, IL

How long does it take to sell a home in Barrington Hills, IL?

Average Sale Time

May 2023May 2024CHANGE
57 Days13 Days-76.5%

Summary: Homes in Barrington Hills had an average of 13 days on market in May 2024, down by 76.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barrington Hills are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Barrington Hills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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