Photo: Neva O'Laughlin · CC BY-SA 3.0103 homes sold in Inverness in the last year, at a typical $803K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Inverness homes are listed.
Every place Inverness homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Inverness.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 81% of Inverness’ sales, at a typical $856K
103 homes sold in the year to May 2026.
typical sale · 83 sold in 12 months
- Per square foot
- $242IL $180
- Days to sell
- 68
- Sold over asking
- 30%
- Listings with a price cut
- 12%
Townhouses: 17 sold, typical $626K
Condos: 3 sold, typical $423K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.4 times the 2016 price
103 sales in the last year, against 186 in 2021 and a low of 73 in 2024. The typical sale went from $559K in 2016 to $803K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $800K buys in Inverness
Check a listing against what Inverness homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Inverness are more common than before the pandemic, but three quarters fewer homes come up for sale
We read every month of Inverness’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 103 sales.
If you’re buying in Inverness
- Shop in March. It brings about 22 new listings a month, close to the busiest month, with fewer bidding wars (10% over asking).
- Less room to haggle. Only 11% of listings cut their price, against 22% before the pandemic.
- Bid near asking. Buyers paid 98.8% of the list price on average; 27% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; winter brings the bidding wars
March has the most new listings (about 22 a month), but February is the most competitive: 23% of February sales close over asking. October has the least competition (9%) but only about 11 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and calmer than Illinois
| Inverness now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 27% | 7% | 13% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 50% | 17% | 39% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 11% | 22% | 19% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 98.8% | 95.6% | 96.6% | 99.2% |
| Days to sellMedian days from listing to contract | 63 | 121 | 43 | 49 |
28 homes for sale on a typical day
That’s 1.5 times the 2024 low (18), 71% fewer than in 2017–19 and well under 2018’s 99.
1 in 9 listings has cut its price
11% in the last year, against 22% in 2017–19 and 19% across Illinois.
Inverness ranks 277th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Inverness is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 4.
Best time to buySchools
The schools grade for Inverness, from test results, graduation and how much students grow.
Schools in InvernessTypical commute
The average one-way trip to work for people who live in Inverness.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Palatine sells for less a square foot
The busier markets within 25 miles of Inverness, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Palatine | 873 | $363K | $232 | 45% | 48 |
| Hoffman Estates | 535 | $398K | $234 | 48% | 52 |
| Rolling Meadows | 271 | $329K | $237 | 44% | 47 |
| Barrington | 189 | $586K | $269 | 29% | 56 |
| Inverness | 103 | $803K | $239 | 27% | 63 |
| South Barrington | 67 | $1.1M | $235 | 27% | 87 |
| Deer Park | 39 | $744K | $257 | 44% | 60 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Inverness, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Inverness. People who follow the town see it, and so do people comparing Inverness with their own town. No commission, no listing fee.
Questions about buying a home in Inverness
What do homes sell for in Inverness, IL?
103 homes sold in the year to May 2026 at a typical $803K, $239 a square foot.
Is Inverness a buyer’s or seller’s market?
A balanced market: 30 homes were for sale in May 2026 and 6 sold, about 5 months of supply. Buyers paid 98.8% of asking on average, and 11% of listings cut their price.
When is the best time to buy in Inverness?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Inverness?
Zillow, Redfin, Realtor.com and Homes.com all carry Inverness’ MLS listings; the search links above open each one filtered to Inverness.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).