Is South Barrington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Barrington was a Neutral Market.
Housing Prices in South Barrington, IL
How much do homes in South Barrington, IL cost?
Median Sold Price
$1,044,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Barrington was $1,044,500 in April 2024, up 9.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $720K | $795K | +10.4% |
3 Bedrooms | $744.3K | $745K | 0.1% |
4 Bedrooms | $895K | $1.0M | +15.6% |
5+ Bedrooms | $1.2M | $1.2M | +1.1% |
Summary: South Barrington 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 increased by 10.4%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
South Barrington | $952.5K | $1.0M | +9.7% |
Hoffman Estates | $325K | $355K | +9.2% |
Inverness | $699K | $694K | -0.7% |
Barrington Township | $694.5K | $650.7K | -6.3% |
Barrington Hills | $985K | $895K | -9.1% |
Housing Supply in South Barrington, IL
How many homes are available in South Barrington, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Summary: The South Barrington real estate market had 26 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The South Barrington 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 40%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in South Barrington in April 2024, down by 50.0% 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 South Barrington, IL
How long does it take to sell a home in South Barrington, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 6 Days | -75.7% |
Summary: Homes in South Barrington had an average of 6 days on market in Apr 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in South Barrington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.