How's Chicago's Real Estate Market?
Barrington, IL 60010
Single-Family Homes
312-961-6212
Barrington, IL 60010
Thu May 09 2024
This week the median list price for Barrington, IL 60010 is $949,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has decreased to 35.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $949,000 | |
| Median Price of New Listings | $724,450 | |
| Per Square Foot | $275 | |
| Average Days on Market | 153 | |
| Median Days on Market | 70 | |
| Price Decreased | 49% | |
| Price Increased | 9% | |
| Relisted | 31% | |
| Inventory | 35 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,999,950 | 5,527 | 1 - 2.5 acres | 5 | 4.8 | 23 | 0 | 0 | 66 |
| $1,398,000 | 4,600 | 1 - 2.5 acres | 4 | 4.5 | 30 | 0 | 2 | 168 |
| $735,000 | 3,472 | 0.5 - 1 acre | 4 | 3.5 | 54 | 1 | 0 | 49 |
| $495,000 | 1,629 | 0.25 - 0.5 acre | 3 | 2 | 61 | 1 | 1 | 56 |