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Featured local agent — Lake Barrington, IL
Sarah Mitchell
Compass Real Estate · Lake Barrington, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Barrington, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$512,500median sale price
How is the Lake Barrington, IL housing market right now?
The median home sale price in Lake Barrington, IL is $512,500, down 27.8% year-over-year. Homes sell in an average of 52 days with 29 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Barrington a buyer's or seller's market?
Lake Barrington, IL is currently a seller's market, based on 1.8 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
52
Average pace
Active listings
29
1.8 months supply
Sale-to-list
97.8%
Below asking
What does the Lake Barrington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $512,500 |
| Median list price | $437,500 |
| Year-over-year price change | -27.8% |
| Average days on market | 52 days |
| Active inventory | 29 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $223/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 16 |
| Listings with a price cut | 17.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Barrington by property type?
How the Lake Barrington, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $797,000 | $218/sq ft | 8 | 73 days |
| Condo / Co-op | $310,000 | $274/sq ft | 3 | 110 days |
| Townhouse | $469,900 | $220/sq ft | 5 | 32 days |
Source: Redfin · Updated monthly
The Lake Barrington housing market is currently classified as a seller's market with a median sale price of $512,500. Prices have fallen 27.8% compared to last year, with homes spending an average of 52 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Barrington
There are currently 29 homes listed for sale in Lake Barrington, Illinois. The median listing price is $438K.
Active listings
29
Homes on market
Median list price
$438K
Avg. days on market
52
Days until sale
New this week
16
Newly listed
Who lives in Lake Barrington?
Population
5,400
Median income
$132,857/yr
Median age
52.7 years
Owner-occupied
89.1%
College grads
62.3%
Avg commute
33.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Barrington?
Zillow home value
$556,568
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Lake Barrington?
Lake Barrington is a community of approximately 5K residents with a median age of 52.7 years.The median household income is $132,857, which reflects a relatively affluent area with strong earning potential. 62.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Barrington offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Barrington, IL?
Want a head-to-head view? Compare Lake Barrington side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Barrington?
The median home sale price in Lake Barrington is $512,500, down 27.8% from last year.
How long do homes stay on market in Lake Barrington?
Homes typically spend 52 days on market before going under contract.
What is the median income in Lake Barrington?
The median household income is $132,857 per year.
Is Lake Barrington a buyer's or seller's market?
With 1.8 months of supply, Lake Barrington is currently a seller's market.
What is the Zillow home value estimate for Lake Barrington?
The Zillow Home Value Index (ZHVI) for Lake Barrington is $556,568, representing the typical home value in the area.
What is the median condo price in Lake Barrington?
The median condo/co-op sale price in Lake Barrington, IL is $310,000, compared to $797,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Barrington?
The median single-family home price in Lake Barrington, IL is $797,000 (about $218 per square foot).
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