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 October 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

$450,750

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,750(+7.1%)

Key Takeaway

Homes in Libertyville Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Libertyville Township was $450,750 in October 2024, up 7.1% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155.7K$165.5K
+6.3%
2 $231.2K$250K
+8.1%
3 $349.5K$381.7K
+9.2%
4 $600.5K$683K
+13.7%
5+ $821K$765K
-6.8%

Summary: Libertyville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Libertyville
+10.1%
Vernon Hills
+8.9%
Libertyville Township
+7.1%
Green Oaks
+3.7%

Housing Supply in Libertyville Township, IL

How many homes are available in Libertyville Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
176193+9.7%

Summary: The Libertyville Township real estate market had 193 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 2933
+13.8%
3 8082
+2.5%
4 5156
+9.8%
5+ 1621
+31.3%

Summary: The Libertyville Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 31.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51510.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Libertyville Township, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Libertyville Township in October 2024, the same as the previous month. Of the 51 sold homes, 45% were sold under asking, 16% were sold at asking, and 39% 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

Oct 2023Oct 2024CHANGE
14 Days18 Days+22.0%

Summary: Homes in Libertyville Township had an average of 18 days on market in Oct 2024, up by 22% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 51 homes were sold in Libertyville Township; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% 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 Township, IL

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