Libertyville Real Estate Market Report – July 2025 (ZIP Code 60048)

Thinking about buying or selling in Libertyville, Illinois? Here’s your latest look at what’s happening in the 60048 real estate market—based on MRED data as of July 24, 2025. Whether you’re listing your home near Butler Lake or eyeing a move into Wineberry or Interlaken, this snapshot is tailored for traditional, single-family homes in Libertyville, IL.

📈 Median Sales Price: $565,000

The median sales price in Libertyville (60048) has climbed steadily over the last few years. As of July 2025, it sits at $565,000, reflecting strong buyer demand and continued appreciation in home values. Just two years ago, the median price was closer to $510,000, showing nearly an 11% increase in that time.

If you're a homeowner in Libertyville, now may be an excellent time to evaluate your equity. Thinking about upsizing, downsizing, or just curious what your home is worth? Click here for a professional valuation.

⏳ Average Days on Market: 55 Days

Homes in the Libertyville 60048 market are spending an average of 55 days on the market, based on 12-month rolling averages. While this is slightly higher than in some previous years, it still indicates a healthy pace for a balanced market—especially in an era of elevated interest rates and tight inventory.

Buyers should be prepared to move quickly when the right home appears, and sellers can expect a moderate, steady flow of interest if priced correctly.

📊 Months Supply of Inventory: 1.6 Months

Libertyville continues to experience low housing inventory, with only 1.6 months of supply available. This means that if no new homes were listed, the existing inventory would be sold out in just over a month and a half.

A balanced market typically sits at 5-6 months of inventory—so Libertyville is still firmly in a seller’s market, despite national trends suggesting a shift toward neutrality.

📐 Median Price Per Square Foot: $243

Buyers in 60048 are now paying a median of $243 per square foot, up from approximately $215 just two years ago. This metric is particularly helpful when evaluating new listings and understanding value across neighborhoods.

📊 Closed Sales: 570 Homes Sold

Over the past 12 months, 570 single-family homes sold in Libertyville’s 60048 ZIP code. This number is slightly down from the previous year, a signal that while buyer interest remains strong, limited inventory and affordability challenges may be slowing volume a bit.

🔍 What It Means for Libertyville Buyers & Sellers:

For Buyers:
Yes, homes cost more—but Libertyville’s schools, vibrant downtown, and stable property values make it worth the investment. Work with a local agent (👋) to move fast and get creative in today’s financing landscape. Search homes for sale here.

For Sellers:
You’re still holding the cards. Low supply and strong prices mean a well-marketed home can sell quickly and for top dollar. Let’s talk prep, pricing, and strategy. Request a home valuation report here.

👋 Need Help Navigating the Market?

I’m Michael Steber, Designated Managing Broker at Keller Williams North Shore West and your Libertyville local. Whether you're curious about your home's value, exploring new neighborhoods, or need guidance in this market—I’ve got you covered.

Full disclosure, if we meet here, I’ll treat.