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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Barrington is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Port Barrington was a Seller's Market.

Key Takeaway

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

Housing Prices in Port Barrington, IL

How much do homes in Port Barrington, IL cost?

Median Sold Price

$317,500

$281/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$72,800(-18.7%)

Key Takeaway

Homes in Port Barrington have sold for 18.7% less than they did a month ago.

Summary: The median home sold price in Port Barrington was $317,500 in November 2024, down 18.7% from last month, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$317.5K
N/A
3 $355K-
N/A
4 $425.6K-
N/A
5+ --
N/A

Summary: Port Barrington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Port Barrington, IL

How many homes are available in Port Barrington, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
118-27.3%

Summary: The Port Barrington real estate market had 8 homes for sale in November 2024, a 27.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 52
-60.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Port Barrington 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 increased by 33.3%, 3 bedroom homes decreased by 60%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Barrington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Port Barrington in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Port Barrington, IL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
17 Days57 Days+221.1%

Summary: Homes in Port Barrington had an average of 57 days on market in Nov 2024, up by 221.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Avg time on Rocket Homes in Port Barrington has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Port Barrington; 0% of homes were sold within 30 days, 100% 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 20 Days Ago

Newest Listings in Port Barrington, IL

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