Is Libertyville Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Libertyville Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Libertyville Township has remained a Seller's Market.

Key Takeaway

Libertyville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$21,547(+5.2%)

Key Takeaway

Homes in Libertyville Township have sold for 5.2% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $128.7K$165.5K
+28.5%
2 $229K$233.5K
+2.0%
3 $350K$365K
+4.3%
4 $593.1K$655K
+10.4%
5+ $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
+8.0%
Vernon Hills
+6.6%
Libertyville Township
+5.2%
Green Oaks
-0.1%

Housing Supply in Libertyville Township, IL

How many homes are available in Libertyville Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
209220+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

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 3243
+34.4%
3 7973
-7.6%
4 6970
+1.4%
5+ 2731
+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 2024May 2024CHANGE
6370+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Libertyville Township, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.

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 2023May 2024CHANGE
19 Days22 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Libertyville Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Libertyville Township, IL

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