Altos Market Data for Realtors

Libertyville, IL

Single-Family Homes

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Libertyville, IL

Fri Jul 26 2024
This week the median list price for Libertyville, IL is $775,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 33. Click here to stay informed with the Libertyville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Libertyville, IL

Fri Jul 26 2024
This week the median list price for Libertyville, IL is $775,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 33. Click here to stay informed with the Libertyville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Libertyville market.
Median List Price $775,000
Median Price of New Listings $775,000
Per Square Foot $260
Average Days on Market 134
Median Days on Market 42
Price Decreased 48%
Price Increased 3%
Relisted 30%
Inventory 33
Median Rent
Market Action 44
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,625,000 4,216 2.5 - 5 acres 4 4 30 0 0 101
$1,174,500 4,147 0.5 - 1 acre 4 3.8 34 1 0 59
$650,000 2,602 0.25 - 0.5 acre 4 3 42 1 3 52
$499,000 2,170 0.25 - 0.5 acre 4 2.5 67 1 2 35