Is Libertyville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Libertyville has remained a Seller's Market.
Housing Prices in Libertyville, IL
How much do homes in Libertyville, IL cost?
Median Sold Price
$540,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Libertyville was $540,000 in May 2024, up 8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118K | $141K | +19.5% |
2 Bedrooms | $252K | $239.5K | -5.0% |
3 Bedrooms | $375K | $371.5K | -0.9% |
4 Bedrooms | $585K | $624.9K | +6.8% |
5+ Bedrooms | $842.5K | $760K | -9.8% |
Summary: Libertyville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Mundelein | $324.6K | $367.8K | +13.3% |
Libertyville | $499.9K | $540K | +8.0% |
Libertyville Township | $413.5K | $435K | +5.2% |
Green Oaks | $725.9K | $725K | -0.1% |
Housing Supply in Libertyville, IL
How many homes are available in Libertyville, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 132 | +8.2% |
Summary: The Libertyville real estate market had 132 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 55 | 55 | 0.0% |
5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The Libertyville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 39 | +18.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Libertyville in May 2024, up by 18.2% month-over-month. Of the 39 sold homes, 33% were sold under asking, 18% were sold at asking, and 49% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 18 Days | -3.5% |
Summary: Homes in Libertyville had an average of 18 days on market in May 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in Libertyville; 87% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.