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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Barrington is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

North Barrington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Barrington, IL

How much do homes in North Barrington, IL cost?

Median Sold Price

$982,500

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$237,500(+31.9%)

Key Takeaway

Homes in North Barrington have sold for 31.9% more than they did a year ago.

Summary: The median home sold price in North Barrington was $982,500 in October 2024, up 31.9% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$433K
N/A
3 $486K$707.5K
+45.6%
4 $652.5K$807.5K
+23.8%
5+ $1.1M$1.1M
0.0%

Summary: North Barrington housing prices by bedroom type for October 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 45.6%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Barrington
+31.9%
Deer Park
+17.3%
Lake Zurich
+10.4%
Cuba Township
+8.9%
Lake Barrington
+4.6%

Housing Supply in North Barrington, IL

How many homes are available in North Barrington, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2734+25.9%

Summary: The North Barrington real estate market had 34 homes for sale in October 2024, a 25.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 1118
+63.6%
5+ 1111
0.0%

Summary: The North Barrington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 North Barrington, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in North Barrington in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for North Barrington, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days24 Days-29.4%

Summary: Homes in North Barrington had an average of 24 days on market in Oct 2024, down by 29.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in North Barrington; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in North Barrington, IL

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