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 neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Barrington Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Barrington Hills, IL

How much do homes in Barrington Hills, IL cost?

Median Sold Price

$1,187,500

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$218,500(+22.5%)

Key Takeaway

Homes in Barrington Hills have sold for 22.5% more than they did a year ago.

Summary: The median home sold price in Barrington Hills was $1,187,500 in November 2024, up 22.5% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $120K-
N/A
3 $553K$730K
+32.0%
4 $722K$910K
+26.0%
5+ $1.2M$1.3M
+9.7%

Summary: Barrington Hills housing prices by bedroom type for November 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 32%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Fox River Grove
+28.4%
Barrington Hills
+22.5%
Barrington
+8.7%
Cuba Township
+5.0%
Barrington Township
+4.5%

Housing Supply in Barrington Hills, IL

How many homes are available in Barrington Hills, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3841+7.9%

Summary: The Barrington Hills real estate market had 41 homes for sale in November 2024, a 7.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 1111
0.0%
5+ 2428
+16.7%

Summary: The Barrington Hills housing inventory by bedroom type for November 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrington Hills, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Barrington Hills in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
6 Days49 Days+664.1%

Summary: Homes in Barrington Hills had an average of 49 days on market in Nov 2024, up by 664.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 6 homes were sold in Barrington Hills; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 Hills, IL

Nearby Markets to Barrington Hills, IL

What housing markets are near Barrington Hills, IL?