Is Libertyville Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Libertyville Township has remained a Seller's Market.
Housing Prices in Libertyville Township, IL
How much do homes in Libertyville Township, IL cost?
Median Sold Price
$435,083
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Libertyville Township was $435,083 in May 2024, up 5.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.7K | $165.5K | +28.5% |
2 Bedrooms | $229K | $233.5K | +2.0% |
3 Bedrooms | $350K | $365K | +4.3% |
4 Bedrooms | $593.1K | $655K | +10.4% |
5+ Bedrooms | $790K | $800K | +1.3% |
Summary: Libertyville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Libertyville | $499.9K | $540K | +8.0% |
Vernon Hills | $380.4K | $405.5K | +6.6% |
Libertyville Township | $413.5K | $435K | +5.2% |
Green Oaks | $725.9K | $725K | -0.1% |
Housing Supply in Libertyville Township, IL
How many homes are available in Libertyville Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
209 | 220 | +5.3% |
Summary: The Libertyville Township real estate market had 220 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 32 | 43 | +34.4% |
3 Bedrooms | 79 | 73 | -7.6% |
4 Bedrooms | 69 | 70 | +1.4% |
5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Libertyville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 34.4%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 70 | +11.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Libertyville Township in May 2024, up by 11.1% month-over-month. Of the 70 sold homes, 39% were sold under asking, 13% were sold at asking, and 49% were sold over asking.
Days on Market for Libertyville Township, IL
How long does it take to sell a home in Libertyville Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 22 Days | +12.9% |
Summary: Homes in Libertyville Township had an average of 22 days on market in May 2024, up by 12.9% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 70 homes were sold in Libertyville Township; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.