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 March 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

$545,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$72,000(+15.2%)

Key Takeaway

Homes in Libertyville have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Libertyville was $545,000 in March 2024, up 15.2% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $118.5K$141K
+19.0%
2 $269.9K$235K
-12.9%
3 $385K$375K
-2.6%
4 $578.5K$617.5K
+6.7%
5+ $842.5K$766.5K
-9.0%

Summary: Libertyville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 9%.

Median Sold Price Compared To Nearby Cities

Mundelein
+22.1%
Libertyville
+15.2%
Libertyville Township
+7.5%
Green Oaks
-1.4%

Housing Supply in Libertyville, IL

How many homes are available in Libertyville, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8595+11.8%

Summary: The Libertyville real estate market had 95 homes for sale in March 2024, a 11.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1822
+22.2%
4 4449
+11.4%
5+ 1718
+5.9%

Summary: The Libertyville housing inventory by bedroom type for March 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 22.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
22220.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 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. 40.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Libertyville in March 2024, the same as the previous month. Of the 22 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% 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

Mar 2023Mar 2024CHANGE
26 Days14 Days-45.3%

Summary: Homes in Libertyville had an average of 14 days on market in Mar 2024, down by 45.3% compared to last year.

Breakdown of Home Sale Times

19 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 March 2024, 22 homes were sold in Libertyville; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% 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 22 Days Ago

Newest Listings in Libertyville, IL

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