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 September 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

$442,051

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,332(+4.8%)

Key Takeaway

Homes in Libertyville Township have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Libertyville Township was $442,051 in September 2024, up 4.8% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $155.7K$165.5K
+6.3%
2 $230.5K$245K
+6.3%
3 $345.5K$375.8K
+8.8%
4 $596.6K$684K
+14.6%
5+ $810.5K$750K
-7.5%

Summary: Libertyville Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 7.5%.

Median Sold Price Compared To Nearby Cities

Vernon Hills
+10.9%
Libertyville
+8.5%
Libertyville Township
+4.8%
Green Oaks
+1.3%

Housing Supply in Libertyville Township, IL

How many homes are available in Libertyville Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
178186+4.5%

Summary: The Libertyville Township real estate market had 186 homes for sale in September 2024, a 4.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2727
0.0%
3 8483
-1.2%
4 4555
+22.2%
5+ 2221
-4.5%

Summary: The Libertyville Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 4.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6152-14.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Libertyville Township, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in Libertyville Township in September 2024, down by 14.8% month-over-month. Of the 52 sold homes, 46% were sold under asking, 6% were sold at asking, and 48% 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

Sep 2023Sep 2024CHANGE
14 Days26 Days+76.4%

Summary: Homes in Libertyville Township had an average of 26 days on market in Sep 2024, up by 76.4% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 September 2024, 52 homes were sold in Libertyville Township; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% 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 5 Days Ago

Newest Listings in Libertyville Township, IL

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What housing markets are near Libertyville Township, IL?