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 December 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

$645,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$56,000(+9.5%)

Key Takeaway

Homes in Barrington have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Barrington was $645,000 in December 2024, up 9.5% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $182.5K$241.5K
+32.3%
2 $265K$347.5K
+31.1%
3 $479.9K$478K
-0.4%
4 $647K$755K
+16.7%
5+ $915K$1.0M
+9.3%

Summary: Barrington housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 31.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Inverness
+14.7%
Barrington
+9.5%
Barrington Township
+5.1%
Cuba Township
+4.1%

Housing Supply in Barrington, IL

How many homes are available in Barrington, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
116107-7.8%

Summary: The Barrington real estate market had 107 homes for sale in December 2024, a 7.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1515
0.0%
3 2722
-18.5%
4 3535
0.0%
5+ 3834
-10.5%

Summary: The Barrington housing inventory by bedroom type for December 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 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 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. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Barrington in December 2024, down by 17.4% month-over-month. Of the 19 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% 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

Dec 2023Dec 2024CHANGE
19 Days32 Days+63.5%

Summary: Homes in Barrington had an average of 32 days on market in Dec 2024, up by 63.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 19 homes were sold in Barrington; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% 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 4 Days Ago

Newest Listings in Barrington, IL

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