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 November 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

$640,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$51,000(+8.7%)

Key Takeaway

Homes in Barrington have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Barrington was $640,000 in November 2024, up 8.7% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $182.5K$241.5K
+32.3%
2 $264.9K$350K
+32.1%
3 $469.5K$490K
+4.4%
4 $665K$750K
+12.8%
5+ $915K$997.9K
+9.1%

Summary: Barrington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Cities

Deer Park
+23.9%
Inverness
+16.5%
Barrington
+8.7%
Cuba Township
+5.0%
Barrington Township
+4.5%

Housing Supply in Barrington, IL

How many homes are available in Barrington, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
130126-3.1%

Summary: The Barrington real estate market had 126 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 2115
-28.6%
3 2527
+8.0%
4 4040
0.0%
5+ 4243
+2.4%

Summary: The Barrington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2923-20.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 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. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Barrington in November 2024, down by 20.7% month-over-month. Of the 23 sold homes, 57% were sold under asking, 13% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
42 Days26 Days-37.9%

Summary: Homes in Barrington had an average of 26 days on market in Nov 2024, down by 37.9% compared to last year.

Breakdown of Home Sale Times

18 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 November 2024, 23 homes were sold in Barrington; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% 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 2 Days Ago

Newest Listings in Barrington, IL

Nearby Markets to Barrington, IL

What housing markets are near Barrington, IL?