Lake Barrington Real Estate Market Update August 2018


Real Estate In Lake Barrington is a balanced market favoring buyers. There is significant amount of homes for sale in Lake Barrington, and buyers are not in a rush to buy yet. There is a 7.79 months supply of inventory on the market in Lake Barrington on August 31, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Lake Barrington last month was 101 days.
It took on average 50 days to sell Lake Barrington Condo, Townhouse or a Duplex.
The number of home sales in Lake Barrington from July 1, 2018 through July 31, 2018 was 17 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 $103/Sq.Ft, which is 10% a decline from last month.



In Lake Barrington there were 5 units sold in July in the price range between $175,000 – $263,069 with an average of 2.4 bedrooms and 2.3 bathrooms and average Square footage of 1,661SF.

In Lake Barrington there were 11 units sold in July in the price range between $263,070 – $530,068 with an average of 3.2 bedrooms and 2.6 bathrooms and average Square footage of 2,438SF.

In Lake Barrington there were 1 units sold in July in the price range between $530,069 – $709,000 with an average of 4 bedrooms and 5.1 bathrooms and average Square footage of 5,036SF.

The low price range had the most activity. Homes up to $263,069 were on the market on average 76 days and sold an average of $201,350.

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
Jun 1, 2018 – Jun 30, 2018
Jul 1, 2018 – Jul 31, 2018
Month
June
July
Average Listing Price
$533,339
$539,047
Median Sales Price
$382,147
$351,138
Month supply of inventory
8.3
7.8
Market Time Detached
168 days
101 days
Market Time Attached
93 days
50 days
Inventory
127 properties
121 properties
Low price range
$191,250 – $286,699
$175,000 – $263,069
Low price range market time
56 days
76 days
Low price range units sold
0
5
Low price range bedrooms
2.1
2.4
Low price range bathrooms
2.1
2.3
Low price range approx sqft
1,690 SF
1,661 SF
Mid price range
$286,700 – $506,698
$263,070 – $530,068
Mid price range market time
144 days
43 days
Mid price range units sold
10
11
Mid price range bedrooms
3.4
3.2
Mid price range bathrooms
2.5
2.6
Mid price range approx sqft
2,654 SF
2,438 SF
High price range
$506,699 – $631,250
$530,069 – $709,000
High price range market time
154 days
251 days
High price range units sold
6
1
High price range bedrooms
4.2
4
High price range bathrooms
2.7
5.1
High price range approxsqft
3,379 SF
5,036 SF

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