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 April 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

$540,750

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$50,750(+10.4%)

Key Takeaway

Homes in Libertyville have sold for 10.4% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $118.5K$141K
+19.0%
2 $269.9K$239.5K
-11.3%
3 $375K$375K
0.0%
4 $583.5K$629.9K
+8.0%
5+ $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
+17.9%
Libertyville
+10.4%
Libertyville Township
+5.4%
Green Oaks
-0.5%

Housing Supply in Libertyville, IL

How many homes are available in Libertyville, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
93121+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 513
+160.0%
3 2532
+28.0%
4 4655
+19.6%
5+ 1721
+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 2024Apr 2024CHANGE
2433+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Libertyville, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
26 Days14 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Libertyville, IL

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