How Competitive is the Barrington, IL Housing Market?

by Jenny Stokes Habetler

Barrington, a city near Chicago, IL, is a competitive housing market. About 35% of homes sold above list price in the 3 months ending June 2026, down from a year ago.

The National Picture

Across the country, about a quarter of homes sold above list price in June 2026. Barrington surpasses that rate—35.9% of homes here closed above asking, and 51% went under contract within two weeks versus 30% nationally.

Luxury Price Points Limit the Bidding Pool

At a $671,000 median price, Barrington's luxury positioning limits the buyer pool. The 100.1% sale-to-list ratio means homes sell essentially at asking—neither above nor below, unlike more affordable neighbors such as Crystal Lake (101.0%) where modest over-ask offers are standard. Only 51% of listings go pending within two weeks, and 21% of active listings carry price drops, the highest rate in this comparison.

Why is Barrington Competitive?

Barrington is competitive because steady demand for its premium homes keeps the market tight despite a higher price ceiling. With 3.4 months of supply and 122 active listings, the market remains tight enough to generate bidding competition. Inventory grew 8% year over year, which tempers overbidding. About 21% of listings carry price drops, suggesting some sellers overshoot initially. Pending sales rose 19%, signaling demand continues to grow.

Nearby Neighborhoods

Neighborhood	Sold Above List	Sale-to-List	Days on Market	Off Mkt in 2 Wks
Barrington	35.9%	100.1%	44 days	50.9%
Crystal Lake, IL	50.9%	101.0%	46 days	65.6%
Algonquin, IL	44.8%	100.7%	47 days	55.8%
Schaumburg, IL	52.2%	100.6%	44 days	61.4%
Hoffman Estates, IL	57.2%	101.6%	44 days	64.8%
Arlington Heights, IL	55.9%	101.5%	41 days	61.5%

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.