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Lake County Gazette

Monday, November 25, 2024

Barrington (Lake County) home prices fall in the second quarter of 2019

Re 6

The median sale price of a home sold in the second quarter of 2019 in Barrington in Lake County fell by $100,000 while total sales decreased by 14.6%, according to BlockShopper.com.

From April through June of 2019, there were 35 homes sold, with a median sale price of $370,000 - a 21.3% decrease over the $470,000 median sale price for the same period of the previous year. There were 41 homes sold in Barrington in the second quarter of 2018.

The median sales tax in Barrington for the most recent year with available data, 2017, was $9,828, approximately 2.7% of the median home sale price for the second quarter of 2019.

The following table compares Barrington to other Lake County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Libertyville129146-11.6%$407,500$406,0000.4%
Indian Creek31200%$386,000$380,0001.6%
Lincolnshire3038-21.1%$382,450$409,500-6.6%
Klondike21100%$379,250$386,000-1.7%
Tower Lakes58-37.5%$375,000$402,500-6.8%
Barrington3541-14.6%$370,000$470,000-21.3%
Lake Barrington3758-36.2%$357,500$312,45014.4%
Lake Zurich1091009%$336,000$336,500-0.1%
Buffalo Grove148160-7.5%$326,844$359,500-9.1%
Knollwood68-25%$322,500$320,0000.8%
Vernon Hills120155-22.6%$321,500$330,000-2.6%
* This story only considers sales data for the part of Barrington that is in Lake County.

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