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 December 2020

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.

How much do homes in Libertyville, IL cost?

Median Sold Price

$426,263

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$11,269(+2.7%)

Key Takeaway

Homes in Libertyville have sold for 2.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $182.4K$183.2K
0.4%
2 $222.5K$215K
-3.4%
3 $330K$364.4K
+10.5%
4 $485K$520K
+7.2%
5+ $549.9K$652.5K
+18.6%

Median Sold Price Compared To Nearby Cities

Mundelein
+15.2%
Libertyville Township
+4.4%
Green Oaks
+3.3%
Libertyville
+2.7%

How many homes are available in Libertyville, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
141124-12.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 21
-50.0%
2 2423
-4.2%
3 2827
-3.6%
4 6854
-20.6%
5+ 1919
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
3230-6.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 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. 73.3% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
33 Days34 Days+1.7%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 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.

About Libertyville, IL

Libertyville, IL has 124 homes on the market. The number of homes for sale in Libertyville, IL decreased by 12.1% between November 2021 and December 2021. In December 2021 median list price was $426,263 and the average listing age was 34 days. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 0.4%, 2 bedrooms properties became 3.4% more cheaper, prices of 3 bedrooms properties went up by 10.5%, prices of 4 bedrooms properties went up by 7.2%, prices of 5 bedrooms properties increased by 18.6%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 50%, the quantity of 2 bedrooms homes went down by 4.2%, 3 bedrooms homes became 3.6% less available, 4 bedrooms homes inventory decreased by 20.6%, the quantity of 5 bedrooms homes have not changed. In December 2021 more than 4 listings in Libertyville, IL were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 22 were sold below.

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