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 November 2021

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.

How much do homes in Libertyville Township, IL cost?

Median Sold Price

$401,466

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$26,466(+7.1%)

Key Takeaway

Homes in Libertyville Township have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $107.5K$124.7K
+16.0%
2 $188K$203.5K
+8.2%
3 $319.4K$350K
+9.6%
4 $547.6K$600K
+9.6%
5+ $667.5K$825K
+23.6%

Median Sold Price Compared To Nearby Cities

Green Oaks
+26.7%
Vernon Hills
+11.6%
Libertyville
+8.2%
Libertyville Township
+7.1%

How many homes are available in Libertyville Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
208182-12.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 3421
-38.2%
3 7457
-23.0%
4 7672
-5.3%
5+ 2331
+34.8%

Number of Homes Sold

Oct 2022Nov 2022%
7050-28.6%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Libertyville Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
36 Days22 Days-37.9%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

13 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 Township 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 Township, IL

Libertyville Township, IL has 182 homes for sale to choose from. Between October 2022 and November 2022, Libertyville Township, IL real estate market has seen decrease in the number of listings by 12.5%. Listings spent 22 days on the market in November 2022, and had a median list price of $401,466 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 16%, the cost of 2 bedrooms properties went up by 8.2%, 3 bedrooms properties prices increased by 9.6%, prices of 4 bedrooms properties went up by 9.6%, prices of 5 bedrooms properties increased by 23.6%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 38.2%, 3 bedrooms homes became 23% less available, 4 bedrooms homes inventory decreased by 5.3%, 5 bedrooms homes became 34.8% more available. While more than 11 listings in Libertyville Township, IL in November 2022 were sold above asking price, there were more than 9 listings sold at asking price, and more than 30 were sold below.

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