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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Liberty Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Liberty Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Liberty Township, IL

How much do homes in Liberty Township, IL cost?

Median Sold Price

$200,500

$95/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$9,500(-4.5%)

Key Takeaway

Homes in Liberty Township have sold for 4.5% less than they did a month ago.

Summary: The median home sold price in Liberty Township was $200,500 in October 2024, down 4.5% from last month, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $210K$165.2K
-21.3%
4 -$221K
N/A
5+ --
N/A

Summary: Liberty Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Liberty Township
-4.5%
Liberty
-4.5%

Housing Supply in Liberty Township, IL

How many homes are available in Liberty Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811+37.5%

Summary: The Liberty Township real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 47
+75.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Liberty Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Liberty Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Liberty Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Liberty Township, IL

How long does it take to sell a home in Liberty Township, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days9 Days+383.3%

Summary: Homes in Liberty Township had an average of 9 days on market in Oct 2024, up by 383.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Liberty Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Liberty Township, IL

Nearby Markets to Liberty Township, IL