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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Barrington has remained a Seller's Market.

Key Takeaway

Barrington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Barrington, IL

How much do homes in Barrington, IL cost?

Median Sold Price

$651,333

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$73,666(+12.8%)

Key Takeaway

Homes in Barrington have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Barrington was $651,333 in September 2024, up 12.8% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $166.7K$290.4K
+74.2%
2 $265K$346.5K
+30.8%
3 $459K$519K
+13.1%
4 $635K$750K
+18.1%
5+ $927.5K$1.1M
+26.7%

Summary: Barrington housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.2%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 26.7%.

Median Sold Price Compared To Nearby Cities

Deer Park
+18.8%
Cuba Township
+13.3%
Barrington
+12.8%
Inverness
+12.2%
Barrington Township
+5.3%

Housing Supply in Barrington, IL

How many homes are available in Barrington, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
128148+15.6%

Summary: The Barrington real estate market had 148 homes for sale in September 2024, a 15.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1518
+20.0%
3 2230
+36.4%
4 5454
0.0%
5+ 3745
+21.6%

Summary: The Barrington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 21.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3231-3.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Barrington in September 2024, down by 3.1% month-over-month. Of the 31 sold homes, 74% were sold under asking, 6% were sold at asking, and 19% 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

Sep 2023Sep 2024CHANGE
11 Days30 Days+171.6%

Summary: Homes in Barrington had an average of 30 days on market in Sep 2024, up by 171.6% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 31 homes were sold in Barrington; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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 29 Days Ago

Newest Listings in Barrington, IL

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