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Monday, November 4, 2024

Q1 real estate sales report: Barrington

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Median prices declined in Barrington over last year, and are down 27.8 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 49 homes sold in Barrington for a median price of $325,000. That's 21.3 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Barrington.

Median property tax for homeowners in Barrington was $9,089.25 in 2017 according to tax data from that year. That means homeowners pay 2.2 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Barrington real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
21
$450,450
-
2010
36
$377,910
-16.1%
2011
35
$435,050
15.1%
2012
34
$351,525
-19.2%
2013
48
$352,620
0.3%
2014
48
$330,985
-6.1%
2015
50
$322,240
-2.6%
2016
54
$322,350
0%
2017
57
$413,100
28.2%
2018
49
$325,000
-21.3%

Median property tax
Median sale price
Effective property tax rate
2009
$7,327.45
$450,450
1.6%
2010
$8,140.11
$377,910
2.2%
2011
$8,964.83
$435,050
2.1%
2012
$8,203.29
$351,525
2.3%
2013
$8,536.59
$352,620
2.4%
2014
$8,007.47
$330,985
2.4%
2015
$7,875.38
$322,240
2.4%
2016
$6,966.62
$322,350
2.2%
2017
$9,089.25
$413,100
2.2%

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