Lake Barrington Real Estate Market Update August 2022
Real Estate In Lake Barrington is a sellers’ market with low inventory of homes in Lake Barrington and a lot of buyer interest. There is a 2.4 months supply of inventory on the market in Lake Barrington on August 31, 2022.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Lake Barrington last month was 11 days. It took on average 6 days to sell Lake Barrington Condo, Townhouse or a Duplex.
The number of home sales in Lake Barrington from July 1, 2022 through July 31, 2022 was 11 units. That is 1% above the number of homes sold last month in Lake Barrington.
The average price per square foot in the area is now $149/Sq.Ft, which is 3% an increase from last month.
In Lake Barrington there were 2 units sold in July in the price range between $212,000 – $360,964 with an average of 2.5 bedrooms and 1.5 bathrooms and average Square footage of 1,387SF.
In Lake Barrington there were 7 units sold in July in the price range between $360,965 – $664,463 with an average of 3.9 bedrooms and 3.6 bathrooms and average Square footage of 2,912SF.
In Lake Barrington there were 2 units sold in July in the price range between $664,464 – $819,000 with an average of 4.5 bedrooms and 4.5 bathrooms and average Square footage of 5,068SF.
The middle price range had the most activity. Homes up to $664,463 were on the market on average 9 days and sold an average of $509,357.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Lake Barrington. Search all Lake Barrington homes for Sale on propertyup.com If you are considering viewing Lake Barrington, you may want to do so now!