Inverness Housing Update: Prices Ease, Inventory Steady Into Early Spring
Inverness, IL – March 13, 2026 – Home prices dipped year over year while listings remain active, with luxury properties anchoring the market.
The Inverness housing market is showing modest price softening alongside a steady slate of active listings as the spring season approaches.
Top takeaways
- Median sale price was $787K in January, down 3.9% year over year.
- Homes averaged 75 days on market, longer than last year.
- About 15 homes are actively listed across price tiers.
Market snapshot
According to Redfin data through January 2026, the median sale price in Inverness was $787,000, a 3.9% decline from a year earlier. The median price per square foot was $225, also down year over year. Homes sold after an average of 75 days on the market, compared with 61 days last year, and three homes closed during the month.
On the listing side, Realtor.com shows a median listing price of about $899,000, reflecting the village’s concentration of larger, executive-style properties. Zillow currently displays roughly 15 active listings, ranging from the mid-$500Ks to well above $1M.
What’s for sale
- A six-bedroom home priced near $560K, offering more than 3,000 square feet.
- Multiple four- to five-bedroom properties between roughly $880K and $1.25M.
- Custom and luxury estates in and around the $2M+ range in the broader Barrington area.
Recent examples include a four-bedroom home listed at $889K and a five-bedroom property near $880K, underscoring the village’s move-in-ready inventory at upper price points.
Outlook
With fewer sales and slightly longer marketing times, buyers may see more room to negotiate compared with last spring. At the same time, limited monthly closings suggest inventory remains tight relative to long-term norms. As mortgage rate expectations shift nationally, local activity this spring will likely hinge on pricing strategy and condition.
What are you seeing in Inverness right now: more showings, price cuts, or multiple-offer situations?
Sources
https://www.redfin.com/city/9545/IL/Inverness/housing-market
https://www.zillow.com/inverness-il/
https://www.realtor.com/realestateandhomes-search/Inverness_IL