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Lake Barrington Real Estate Market Update May 2024


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 2.62 months supply of inventory on the market in Lake Barrington on May 31, 2024.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Lake Barrington last month was 14 days. It took on average 46 days to sell Lake Barrington Condo, Townhouse or a Duplex.
The number of home sales in Lake Barrington from April 1, 2024 through April 30, 2024 was 12 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 $136/Sq.Ft, which is 17% a decline from last month.


In Lake Barrington there were 6 units sold in April in the price range between $245,000 – $352,475 with an average of 2.5 bedrooms and 2.8 bathrooms and average Square footage of 2,040SF.

In Lake Barrington there were 3 units sold in April in the price range between $352,476 – $691,474 with an average of 2.7 bedrooms and 2.7 bathrooms and average Square footage of 1,922SF.

In Lake Barrington there were 3 units sold in April in the price range between $691,475 – $923,000 with an average of 3.7 bedrooms and 4 bathrooms and average Square footage of 4,776SF.

The low price range had the most activity. Homes up to $352,475 were on the market on average 61 days and sold an average of $300,400.

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 old.propertyup.com If you are considering viewing Lake Barrington, you may want to do so now!

Lake Barrington
Mar 1, 2024 – Mar 31, 2024
Apr 1, 2024 – Apr 30, 2024

Month
March
April

Average Listing Price
$656,900
$798,892

Median Sales Price
$490,950
$459,950

Month supply of inventory
2.5
2.6

Market Time Detached
5 days
14 days

Market Time Attached
13 days
46 days

Inventory
32 properties
32 properties

Low price range
$264,500 – $377,725
$245,000 – $352,475

Low price range market time
28 days
61 days

Low price range units sold
0
6

Low price range bedrooms
2.5
2.5

Low price range bathrooms
3
2.8

Low price range approx sqft
1,970 SF
2,040 SF

Mid price range
$377,726 – $705,474
$352,476 – $691,474

Mid price range market time
7 days
17 days

Mid price range units sold
7
3

Mid price range bedrooms
3.4
2.7

Mid price range bathrooms
3.7
2.7

Mid price range approx sqft
3,007 SF
1,922 SF

High price range
$705,475 – $920,000
$691,475 – $923,000

High price range market time
5 days
14 days

High price range units sold
1
3

High price range bedrooms
5
3.7

High price range bathrooms
5
4

High price range approxsqft
6,659 SF
4,776 SF

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