Barrington Illinois is the biggest of our areas in 60010 and includes home sales in the village and surrounding unincorporated areas. In other words any property that does not fall inside one of the otherFor the purposes of this report we review only detached homes and attached homes, nothing that is consider multiple housing.
Let’s take a look at the numbers.
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Barrington IL Sales Information – March 2015
- Homes Sold – 23
- Price Range $60,000 to $1,240,000
- Average Market Time – 159 Days
- Average Sales Price as a Ratio of List Price – 95%
Barrington IL Active Market – March 2015
- Homes Under Contract (With outstanding contingencies) – 66
- Homes Pending (Waiting For Closing) – 0
- Available homes for sale – 185
- Price range $97,000 to $2,650,000
January and February 2015
Because we did not report for these months as we used to report quarterly, the sales for these months were:
- January 2015 – 14
- February 2015 -11
- Price range $145,000 to $893,000
- Average Market Time – 127 days
- Average Sales Prices as a Ratio of List Price – 96%
CAVEAT: I HAVE NOTICED SOME SALES WITH ADDRESSES MARKED INCORRECTLY AS BARRINGTON WHEN THEY SHOULD BE LAKE BARRINGTON OR BARRINGTON HILLS ETC.
Barrington IL Real Estate Market Summary
The Barrington IL real estate market shows sales trends of around 300 to 360 sales per year.
Barrington home choices are very diverse from first time buyer condos and homes in the village location to luxury homes. Lot sizes can be minimal to 5+ acres.
Home styles in Barrington offer everything, Colonial, Tudor, Cape Cod and more.
Barrington real estate offers historic properties in the village center.
Live in Barrington and walk to the shops, library or schools.
Enjoy a large park district.
Barrington IL Real Estate Market Trends
As the largest of the Barrington real estate areas, let’s look at average home prices to see the trend now the economy has recovered. Here are the averages for single family homes sold.
In 2014 the average sold price was $419,721
In 2013 the average sold price was $403,750
In 2012 the average sold price was $383,028
That shows a nice steady increase in home prices.
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Sales data extracted from the MLS and assumes all sales are reported accurately and on time.