Illinois-BARRINGTON AREA Market Conditions-Lake/McHenry/Cook County

Barrington IL Market Conditions

(The Barrington Areas are located in McHenry County, Cook County and Lake Counties in Northern Illinois. The "Barrington Area" in MRED MLS includes: Tower Lakes, Barrington Village, South Barrington, Port Barrington, North Barrington, Deer Park, Lake Barrington, Barrington Hills)

How is the current market in Barrington, IL?

As of today, per MRED MLS, for the past 3 months:

We currently have 635 Single Family homes on the market in Barrington that are active and available.

•· They have been on the market for an average of 221 days.

•· The average list price is $1,073,008.

•· During the past 3 months, 51 Single Family homes have successfully closed with the help of their Realtors. This only represents 46% of the market that have had success. They took an average of 208 days on the market to get SOLD.

•· The average list price of the SOLD Single Family homes is $781,892 and the average SOLD price is $721,321.

•· The closed sales in Barrington took an average of 208 days on the market.

•· With the help of thier REALTORS, successfull sellers in Barrington have been getting 92% of thier asking prices!

We currently have 122 Attached homes on the market in Barrington that are active and available.

•· They have been on the market for an average of 213 days.

•· The average list price is $340,998.

•· During the past 3 months, 17 Attached homes have successfully closed in Barrington with the help of their Realtors. This only represents 57% of the market that have had success. They took an average of 119 days on the market to get SOLD.

•· The average list price of the SOLD Attached homes in Barrington is $319,129 and the average SOLD price is $317,826.

So, on the average over the past 3 months, Attached homes in Barrington have been getting an average of 100% of their list prices, with the help of their Realtors.

We are still experiencing a Buyer's Market in Barrington. It is a GREAT time to buy!!

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