Is Liberty, IL 62347 a buyer’s or seller’s market?
Liberty is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Liberty housing market right now
In the three months ending August 31, 2026, 0% of homes in Liberty, IL 62347 sold above their list price, the typical home went under contract in 69 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (37 days then) and the median sale price rose 9% to $319,862. Overall, Liberty is less competitive than a year ago, which gives buyers more room.
Within Adams County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Coatsburg 62325 (33% sold over asking) and Mendon 62351 (33% sold over asking) are even more competitive.
Run the numbers for 62347
Nearby markets
Camp Point 62320Seller’s market $138 /sq ftClayton 62324Buyer’s market $57 /sq ftCoatsburg 62325 $102 /sq ftFowler 62338Balanced $112 /sq ft Browse all markets →Towns like Liberty nearby
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Questions about Liberty real estate
Is Liberty a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Liberty, IL 62347 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Liberty?
The typical home went under contract in 69 days in the latest three months.
Do homes in Liberty sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.8% of the list price.
What are property taxes in Liberty?
About 1.58% of a home’s value a year in Adams County, or roughly $6,320 on a $400,000 home.
What is the median home price in Liberty?
The median sale price was $319,862 in the three months ending August 31, 2026, about $103 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology