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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Libertyville is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Libertyville, IL

How much do homes in Libertyville, IL cost?

Median Sold Price

$561,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,250(+10.1%)

Key Takeaway

Homes in Libertyville have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Libertyville was $561,000 in October 2024, up 10.1% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$141K
N/A
2 $238.7K$278K
+16.4%
3 $364K$442.2K
+21.5%
4 $597.5K$665.2K
+11.3%
5+ $800K$725K
-9.4%

Summary: Libertyville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Cities

Libertyville
+10.1%
Libertyville Township
+7.1%
Green Oaks
+3.7%
Mundelein
-3.1%

Housing Supply in Libertyville, IL

How many homes are available in Libertyville, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115117+1.7%

Summary: The Libertyville real estate market had 117 homes for sale in October 2024, a 1.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1717
0.0%
3 4542
-6.7%
4 3943
+10.3%
5+ 1415
+7.1%

Summary: The Libertyville 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 decreased by 6.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2636+38.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Libertyville, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Libertyville in October 2024, up by 38.5% month-over-month. Of the 36 sold homes, 47% were sold under asking, 17% were sold at asking, and 36% 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

Oct 2023Oct 2024CHANGE
19 Days13 Days-27.1%

Summary: Homes in Libertyville had an average of 13 days on market in Oct 2024, down by 27.1% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 36 homes were sold in Libertyville; 86% of homes were sold within 30 days, 14% 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 16 Days Ago

Newest Listings in Libertyville, IL

Nearby Markets to Libertyville, IL

What housing markets are near Libertyville, IL?