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Featured local agent — Libertyville, IL
Sarah Mitchell
Compass Real Estate · Libertyville, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Libertyville, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$665,000median sale price
How is the Libertyville, IL housing market right now?
The median home sale price in Libertyville, IL is $665,000, up 22.0% year-over-year. Homes sell in an average of 32 days with 64 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Libertyville a buyer's or seller's market?
Libertyville, IL is currently a seller's market, based on 2.3 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
32
Average pace
Active listings
64
2.3 months supply
Sale-to-list
102.7%
Above asking
What does the Libertyville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $665,000 |
| Median list price | $674,900 |
| Year-over-year price change | +22.0% |
| Average days on market | 32 days |
| Active inventory | 64 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 102.7% |
| Median price per sq ft | $301/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 43 |
| Listings with a price cut | 17.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Libertyville by property type?
How the Libertyville, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $699,950 | $304/sq ft | 22 | 31 days |
| Condo / Co-op | $335,000 | $224/sq ft | 3 | 55 days |
| Townhouse | $590,000 | $320/sq ft | 3 | 39 days |
Source: Redfin · Updated monthly
The Libertyville housing market is currently classified as a seller's market with a median sale price of $665,000. Prices have risen 22.0% compared to last year, with homes spending an average of 32 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Libertyville
There are currently 64 homes listed for sale in Libertyville, Illinois. The median listing price is $675K.
Active listings
64
Homes on market
Median list price
$675K
Avg. days on market
32
Days until sale
New this week
43
Newly listed
Who lives in Libertyville?
Population
20,493
Median income
$162,270/yr
Median age
41.9 years
Owner-occupied
80.0%
College grads
71.5%
Avg commute
26 min
Source: U.S. Census Bureau ACS
What are homes worth in Libertyville?
Zillow home value
$638,262
Zillow rent index
$2,776/mo
Price-to-rent ratio
19.2x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Libertyville?
Libertyville is a community of approximately 20K residents with a median age of 41.9 years.The median household income is $162,270, which reflects a relatively affluent area with strong earning potential. 71.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 26 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Libertyville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Libertyville?
8 schools tracked · 4,862 students
The largest public schools serving Libertyville, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Libertyville High School
Grades 9-12 · 1,805 students
Oak Grove Elem School
Grades K-8 · 926 students
Highland Middle School
Grades 6-8 · 719 students
Butterfield School
Grades PK-5 · 520 students
Copeland Manor Elem School
Grades K-5 · 384 students
Rockland Elem School
Grades K-5 · 284 students
Adler Park School
Grades K-5 · 224 students
District 128 Transition Pthwys Ct
Grades 12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Libertyville, IL?
Want a head-to-head view? Compare Libertyville side-by-side with any other U.S. city using our market-comparison tool.
Is Libertyville a good real estate investment market?
For investors evaluating Libertyville, the price-to-rent ratio of 19.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 22.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Libertyville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Libertyville's median home price.
Frequently asked questions
What is the average home price in Libertyville?
The median home sale price in Libertyville is $665,000, up 22.0% from last year.
How long do homes stay on market in Libertyville?
Homes typically spend 32 days on market before going under contract.
What is the median income in Libertyville?
The median household income is $162,270 per year.
Is Libertyville a buyer's or seller's market?
With 2.3 months of supply, Libertyville is currently a seller's market.
What is the Zillow home value estimate for Libertyville?
The Zillow Home Value Index (ZHVI) for Libertyville is $638,262, representing the typical home value in the area.
What is the median condo price in Libertyville?
The median condo/co-op sale price in Libertyville, IL is $335,000, compared to $699,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Libertyville?
The median single-family home price in Libertyville, IL is $699,950 (about $304 per square foot).
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