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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrington Township is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Barrington Township 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 Township, IL

How much do homes in Barrington Township, IL cost?

Median Sold Price

$674,166

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$32,500(+5.1%)

Key Takeaway

Homes in Barrington Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Barrington Township was $674,166 in December 2024, up 5.1% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $328.7K$241.5K
-26.5%
2 $317.5K$350K
+10.2%
3 $515K$482K
-6.4%
4 $687.5K$755K
+9.8%
5+ $1.0M$1.0M
+0.6%

Summary: Barrington Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

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

Housing Supply in Barrington Township, IL

How many homes are available in Barrington Township, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
152139-8.6%

Summary: The Barrington Township real estate market had 139 homes for sale in December 2024, a 8.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1515
0.0%
3 3526
-25.7%
4 4851
+6.3%
5+ 5346
-13.2%

Summary: The Barrington Township 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 25.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 13.2%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3122-29.0%

Asking Price vs. Sold Price

16 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 Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Barrington Township in December 2024, down by 29.0% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for Barrington Township, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
27 Days33 Days+21.6%

Summary: Homes in Barrington Township had an average of 33 days on market in Dec 2024, up by 21.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 22 homes were sold in Barrington Township; 68% of homes were sold within 30 days, 27% 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 Township, IL

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