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Lake Barrington Real Estate Market Update May 2022


Real Estate In Lake Barrington is a very strong sellers’ market with very low inventory of homes for sale in Lake Barrington and a high demand. There is a 1.44 months supply of inventory on the market in Lake Barrington on May 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 37 days. It took on average 8 days to sell Lake Barrington Condo, Townhouse or a Duplex.
The number of home sales in Lake Barrington from April 1, 2022 through April 30, 2022 was 20 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 $165/Sq.Ft, which is 7% a decline from last month.


In Lake Barrington there were 7 units sold in April in the price range between $220,000 – $377,019 with an average of 2 bedrooms and 3 bathrooms and average Square footage of 1,858SF.

In Lake Barrington there were 5 units sold in April in the price range between $377,020 – $701,518 with an average of 3.4 bedrooms and 3.2 bathrooms and average Square footage of 2,908SF.

In Lake Barrington there were 8 units sold in April in the price range between $701,519 – $869,000 with an average of 4 bedrooms and 4.3 bathrooms and average Square footage of 4,226SF.

The high price range had the most activity. Homes up to $869,000 were on the market on average 22 days and sold an average of $765,719.

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
Mar 1, 2022 – Mar 31, 2022
Apr 1, 2022 – Apr 30, 2022

Month
March
April

Average Listing Price
$576,753
$556,192

Median Sales Price
$543,616
$534,037

Month supply of inventory
1.7
1.4

Market Time Detached
50 days
37 days

Market Time Attached
24 days
8 days

Inventory
36 properties
31 properties

Low price range
$285,000 – $414,308
$220,000 – $377,019

Low price range market time
12 days
9 days

Low price range units sold
0
7

Low price range bedrooms
2.7
2

Low price range bathrooms
3.7
3

Low price range approx sqft
2,064 SF
1,858 SF

Mid price range
$414,309 – $691,583
$377,020 – $701,518

Mid price range market time
47 days
57 days

Mid price range units sold
3
5

Mid price range bedrooms
3.3
3.4

Mid price range bathrooms
3.7
3.2

Mid price range approx sqft
2,460 SF
2,908 SF

High price range
$691,584 – $839,552
$701,519 – $869,000

High price range market time
48 days
22 days

High price range units sold
3
8

High price range bedrooms
4.7
4

High price range bathrooms
4.3
4.3

High price range approxsqft
4,005 SF
4,226 SF

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