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 buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Barrington Hills has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Barrington Hills, IL

How much do homes in Barrington Hills, IL cost?

Median Sold Price

$895,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$90,000(-9.1%)

Key Takeaway

Homes in Barrington Hills have sold for 9.1% less than they did a year ago.

Summary: The median home sold price in Barrington Hills was $895,000 in April 2024, down 9.1% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$120K
N/A
3 $553K$700K
+26.6%
4 $880K$747.5K
-15.1%
5+ $1.3M$1.2M
-11.8%

Summary: Barrington Hills housing prices by bedroom type for April 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 26.6%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Cities

Barrington
+11.0%
Cuba Township
+0.8%
Fox River Grove
-5.2%
Barrington Township
-6.3%
Barrington Hills
-9.1%

Housing Supply in Barrington Hills, IL

How many homes are available in Barrington Hills, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3045+50.0%

Summary: The Barrington Hills real estate market had 45 homes for sale in April 2024, a 50.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 79
+28.6%
5+ 1932
+68.4%

Summary: The Barrington Hills housing inventory by bedroom type for April 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 28.6%, and 5+ bedroom homes increased by 68.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
64-33.3%

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 Barrington Hills, 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 Barrington Hills in April 2024, down by 33.3% 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 Barrington Hills, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
5 Days87 Days+1650.0%

Summary: Homes in Barrington Hills had an average of 87 days on market in Apr 2024, up by 1650% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Barrington Hills are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in Barrington Hills; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

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