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Lake Barrington Real Estate Market Update February 2023


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 2.44 months supply of inventory on the market in Lake Barrington on February 28, 2023.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Lake Barrington last month was 16 days. It took on average 12 days to sell Lake Barrington Condo, Townhouse or a Duplex.
The number of home sales in Lake Barrington from January 1, 2023 through January 31, 2023 was 6 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 $115/Sq.Ft, which is 24% an increase from last month.


In Lake Barrington there were 1 units sold in January in the price range between $275,000 – $366,000 with an average of 2 bedrooms and 3 bathrooms and average Square footage of 0SF.

In Lake Barrington there were 4 units sold in January in the price range between $366,001 – $563,499 with an average of 3 bedrooms and 4 bathrooms and average Square footage of 2,838SF.

In Lake Barrington there were 1 units sold in January in the price range between $563,500 – $670,000 with an average of 5 bedrooms and 5 bathrooms and average Square footage of 5,566SF.

The middle price range had the most activity. Homes up to $563,499 were on the market on average 14 days and sold an average of $449,250.

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!

Lake Barrington
Dec 1, 2022 – Dec 31, 2022
Jan 1, 2023 – Jan 31, 2023

Month
December
January

Average Listing Price
$652,785
$747,404

Median Sales Price
$337,000
$457,000

Month supply of inventory
2
2.4

Market Time Detached
0 days
16 days

Market Time Attached
12 days
12 days

Inventory
28 properties
33 properties

Low price range
$250,000 – $293,500
$275,000 – $366,000

Low price range market time
16 days
3 days

Low price range units sold
0
1

Low price range bedrooms
2
2

Low price range bathrooms
2.3
3

Low price range approx sqft
1,304 SF
0 SF

Mid price range
$293,501 – $405,999
$366,001 – $563,499

Mid price range market time
14 days
14 days

Mid price range units sold
1
4

Mid price range bedrooms
2
3

Mid price range bathrooms
4
4

Mid price range approx sqft
2,115 SF
2,838 SF

High price range
$406,000 – $475,000
$563,500 – $670,000

High price range market time
7 days
20 days

High price range units sold
2
1

High price range bedrooms
3
5

High price range bathrooms
4
5

High price range approxsqft
2,579 SF
5,566 SF

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