Libertyville IL Housing Market Update: Prices Up, Sales Slower (Feb 27, 2026)
Libertyville, IL – February 27, 2026 – January closed with prices still elevated while closed sales slowed, and inventory can look different depending on the source.
January’s housing picture for Libertyville, IL ended with a familiar mix: prices remained high, but fewer transactions closed. At the same time, the number of homes available (and even the count of new listings) can vary by platform, so it helps to compare sources and focus on the trend each one is showing.
Top takeaways
- Price level: Redfin’s January median sale price was near $664K, up about 20% year over year.
- Slower pace: Homes took a median 66 days to sell, and 10 sales closed in January.
- Rate backdrop: Mortgage rates eased nationally, with the 30-year fixed average reported just under 6%.
Market snapshot (latest available)
Redfin’s January 2026 readout lists a $663,750 median sale price and $294 per square foot. Zillow’s Home Value Index shows a $583,679 typical home value (data through Jan. 31, 2026). Zillow also lists 42 homes for sale and 13 new listings as of that date. Because each site defines and updates metrics differently, those figures shouldn’t be expected to match—especially around month-end cutoffs.
What’s for sale right now
On Zillow’s search page, there were 35 for-sale results shown. At the lower end of the visible range, some condos and townhomes appeared to start in the mid-$300Ks. For single-family homes, the listings shown commonly clustered in the $500Ks–$900Ks range, with some luxury offerings around $1.15M+.
For buyers, a slightly friendlier rate environment can improve affordability at the margin, but the local experience still comes down to what is newly listed, what is priced to move, and how quickly the limited pool of closed sales is setting “the comps.” For sellers, elevated prices can be supportive, but longer time on market is a reminder that pricing and presentation still matter.
What are you seeing locally: more price cuts, or buyers jumping on new listings quickly?