Is Libertyville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Libertyville has remained a Seller's Market.
Housing Prices in Libertyville, IL
How much do homes in Libertyville, IL cost?
Median Sold Price
$540,750
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Libertyville was $540,750 in April 2024, up 10.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $141K | +19.0% |
2 Bedrooms | $269.9K | $239.5K | -11.3% |
3 Bedrooms | $375K | $375K | 0.0% |
4 Bedrooms | $583.5K | $629.9K | +8.0% |
5+ Bedrooms | $865K | $750K | -13.3% |
Summary: Libertyville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Cities
Mundelein | $315K | $371.4K | +17.9% |
Libertyville | $490K | $540.7K | +10.4% |
Libertyville Township | $412.7K | $435K | +5.4% |
Green Oaks | $721K | $717.4K | -0.5% |
Housing Supply in Libertyville, IL
How many homes are available in Libertyville, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 121 | +30.1% |
Summary: The Libertyville real estate market had 121 homes for sale in April 2024, a 30.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 13 | +160.0% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 46 | 55 | +19.6% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Libertyville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 160%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Libertyville in April 2024, up by 37.5% month-over-month. Of the 33 sold homes, 33% were sold under asking, 21% were sold at asking, and 45% were sold over asking.
Days on Market for Libertyville, IL
How long does it take to sell a home in Libertyville, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 14 Days | -46.2% |
Summary: Homes in Libertyville had an average of 14 days on market in Apr 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Libertyville; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.