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 2021

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

$461,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$34,736(+8.1%)

Key Takeaway

Homes in Libertyville have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $183.2K$118.5K
-35.3%
2 $215K$240K
+11.6%
3 $364.4K$383.8K
+5.3%
4 $515K$575K
+11.7%
5+ $652.5K$875K
+34.1%

Median Sold Price Compared To Nearby Cities

Green Oaks
+25.0%
Libertyville
+8.1%
Libertyville Township
+7.1%
Mundelein
+5.2%

How many homes are available in Libertyville, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
7359-19.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 98
-11.1%
3 2221
-4.5%
4 3124
-22.6%
5+ 116
-45.5%

Number of Homes Sold

Nov 2022Dec 2022%
2224+9.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 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. 70.8% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
33 Days25 Days-24.6%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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.

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

About Libertyville, IL

Number of homes for sale in Libertyville, IL real estate market have reached 59. The number of listings in Libertyville, IL decreased by 19.2% between November 2022 and December 2022. While the average time on the market in December 2022 was 25 days, the median list price was $461,000. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 35.3%, prices of 2 bedrooms properties increased by 11.6%, prices of 3 bedrooms properties increased by 5.3%, 4 bedrooms properties prices increased by 11.7%, 5 bedrooms properties became 34.1% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 11.1%, number of 3 bedrooms homes decreased by 4.5%, number of 4 bedrooms homes decreased by 22.6%, number of 5 bedrooms homes decreased by 45.5%. Libertyville, IL housing market in December 2022 saw over 3 listings sold above listed price, more than 4 sold at listed price and over 17 sold below.

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