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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Port Barrington has remained a Seller's Market.

Key Takeaway

Port Barrington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Port Barrington, IL

How much do homes in Port Barrington, IL cost?

Median Sold Price

$440,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,050(+2.8%)

Key Takeaway

Homes in Port Barrington have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Port Barrington was $440,000 in October 2024, up 2.8% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $230K$360K
+56.5%
3 $378.5K$420K
+11.0%
4 $405.9K$472.5K
+16.4%
5+ $1.0M$835.1K
-21.9%

Summary: Port 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 increased by 56.5%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 21.9%.

Median Sold Price Compared To Nearby Cities

Cuba Township
+8.9%
Wauconda Township
+4.7%
Lake Barrington
+4.6%
Island Lake
+4.4%
Port Barrington
+2.8%

Housing Supply in Port Barrington, IL

How many homes are available in Port Barrington, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1112+9.1%

Summary: The Port Barrington real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 65
-16.7%
4 23
+50.0%
5+ 00
0.0%

Summary: The Port 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 increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 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 Port Barrington, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Port Barrington in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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 2023Oct 2024CHANGE
7 Days17 Days+153.6%

Summary: Homes in Port Barrington had an average of 17 days on market in Oct 2024, up by 153.6% compared to last year.

Breakdown of Home Sale Times

3 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

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

Summary: During October 2024, 4 homes were sold in Port Barrington; 75% of homes were sold within 30 days, 25% 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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