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Lake Barrington Real Estate Market Update September 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 3.64 months supply of inventory on the market in Lake Barrington on September 30, 2023.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Lake Barrington last month was 5 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 August 1, 2023 through August 31, 2023 was 10 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 $134/Sq.Ft, which is 21% a decline from last month.


In Lake Barrington there were 3 units sold in August in the price range between $250,000 – $328,545 with an average of 2 bedrooms and 3 bathrooms and average Square footage of 1,519SF.

In Lake Barrington there were 5 units sold in August in the price range between $328,546 – $515,743 with an average of 2.8 bedrooms and 4 bathrooms and average Square footage of 2,778SF.

In Lake Barrington there were 2 units sold in August in the price range between $515,744 – $624,398 with an average of 3 bedrooms and 3.5 bathrooms and average Square footage of 2,625SF.

The low price range had the most activity. Homes up to $328,545 were on the market on average 13 days and sold an average of $274,833.

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
Jul 1, 2023 – Jul 31, 2023
Aug 1, 2023 – Aug 31, 2023

Month
July
August

Average Listing Price
$566,255
$583,809

Median Sales Price
$496,640
$407,089

Month supply of inventory
2
3.6

Market Time Detached
67 days
5 days

Market Time Attached
33 days
12 days

Inventory
27 properties
42 properties

Low price range
$235,000 – $365,820
$250,000 – $328,545

Low price range market time
25 days
13 days

Low price range units sold
0
3

Low price range bedrooms
2
2

Low price range bathrooms
2
3

Low price range approx sqft
1,165 SF
1,519 SF

Mid price range
$365,821 – $698,319
$328,546 – $515,743

Mid price range market time
70 days
14 days

Mid price range units sold
5
5

Mid price range bedrooms
2.8
2.8

Mid price range bathrooms
3.6
4

Mid price range approx sqft
2,547 SF
2,778 SF

High price range
$698,320 – $900,000
$515,744 – $624,398

High price range market time
7 days
4 days

High price range units sold
2
2

High price range bedrooms
4
3

High price range bathrooms
4.5
3.5

High price range approxsqft
4,201 SF
2,625 SF

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