South Barrington, IL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

South Barrington, IL Housing Market Trends

With 4,996 people, 1,571 houses or apartments, and a median cost of homes of $766,351, South Barrington house prices are not only among the most expensive in Illinois, South Barrington real estate also is some of the most expensive in all of America.

South Barrington is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in South Barrington than is found in 98% of the communities in America.

The large homes that make up South Barrington are primarily owner-occupied ( 100.00%).

There is a lot of housing in South Barrington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in South Barrington built between 2000 and later ( 27.12%). A lesser amount of the housing stock also hails from before 1939 ( 2.61%). There's also some housing in South Barrington built between 1940-1969 ( 2.48%).

South Barrington Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in South Barrington, where house values have increased just 6.08%, which is annualized rate of 0.59%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, South Barrington appreciation rates have trailed the rest of the nation. In the last twelve months, South Barrington's appreciation rate has been 1.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Barrington were at 0.94%, which equates to an annual appreciation rate of 3.81%.

Notably, South Barrington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that South Barrington's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$766,351

South Barrington, IL HOME PRICES

> $1,011,000
23.2%
23.2%
$758,001 - $1,011,000
21.8%
21.8%
$505,001 - $758,000
28.8%
28.8%
$404,001 - $505,000
9.8%
9.8%
$303,001 - $404,000
9.1%
9.1%
$202,001 - $303,000
5.6%
5.6%
$101,001 - $202,000
0.7%
0.7%
$50,001 - $101,000
0.0%
0.0%
$0 - $50,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
1,571

South Barrington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
16.00% 0.70%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,907 / per month

Homeownership Rate

Owners
100.0%
100.0%
Renters
0.0%
0.0%
Vacant
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
27.1%
27.1%
1970 - 1999
67.8%
67.8%
1940 - 1969
2.5%
2.5%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
98.9%
98.9%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
1.1%
1.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.1%
1.1%
2 Bedrooms
0.0%
0.0%
3 Bedrooms
13.0%
13.0%
4 Bedrooms
58.4%
58.4%
5 or more bedrooms
27.6%
27.6%
0.0% 100.0%
% OF HOMES