Is Libertyville, IL 60048 a buyer’s or seller’s market?

The Libertyville housing market right now

In the three months ending August 31, 2026, 48% of homes in Libertyville, IL 60048 sold above their list price, the typical home went under contract in 53 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 142 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 51%, homes sold more slowly (45 days then) and the median sale price rose 7% to $737,181. Overall, Libertyville is less competitive than a year ago, which gives buyers more room.

Within Lake County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell more often over asking than in 64%. On our competition score, Libertyville ranks #177 of 464 IL ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Fox Lake 60020 (26% sold over asking) or Highwood 60040 (33% sold over asking), while North Chicago 60064 (58% sold over asking) and Zion 60099 (54% sold over asking) are even more competitive.