ZIP 60048 Housing Market Update (Libertyville-area, IL) – February 23, 2026
60048 – February 23, 2026 – Libertyville-area prices remain higher YoY; sales slowed, listings tight, and rents elevated. Quick snapshot + what to watch.
Top takeaways
- Prices are still running higher year over year in ZIP 60048, even as the pace of sales has cooled.
- Inventory remains tight by local standards, keeping well-prepped, correctly priced listings in a good position.
- Rents remain elevated, which can keep some households in the buyer pool despite higher borrowing costs.
Market snapshot (ZIP 60048: Libertyville-area, Lake County, IL)
Recent ZIP-level data points to a market that is competitive but not frenzied. Redfin reports a January 2026 median sale price around $605K (up 14.0% year over year) with homes averaging about 59 days on market, and fewer closed sales than last year. Realtor.com’s ZIP dashboard for December 2025 shows a median listing price near $669,990, about 63 active for-sale listings, and an average 53 days on market, with homes selling close to asking (about a 99% sale-to-list ratio). Zillow’s ZIP home value estimate is about $592,649, up 7.0% over the past year (data through late 2025).
Inventory and demand
The most consistent theme across the major trackers is constrained supply. Even when buyer demand softens, low listing counts can keep pricing firm, especially for move-in-ready homes in established Libertyville neighborhoods and nearby parts of the ZIP.
Rentals
For renters, Realtor.com’s ZIP summary shows a median rent around $2,872 per month (December 2025) and roughly a few dozen active rental options. If you’re deciding between renewing and buying, it’s worth comparing your projected payment at today’s rates versus a 12–24 month rent path, especially if your household expects a move within a few years.
What’s for sale nearby (no addresses)
Redfin’s current ZIP search shows roughly 40+ active listings, spanning everything from condos in the mid-$300Ks to larger single-family homes around $1M+ (and a handful of higher-end options). Three common buckets locals are watching right now:
- Condos/townhomes that trade affordability for smaller square footage and shared maintenance.
- Mid-range single-family homes that are updated and well-located (often the fastest-moving segment).
- Larger-lot and luxury homes where buyers tend to negotiate more on terms and inspection items.
ServiceXTC local pro check
We looked for verified ServiceXTC provider pages tied specifically to ZIP 60048 for real-estate-adjacent needs (inspection, HVAC, plumbing, electrical, roofing), but did not find enough confirmed local matches to feature today. If you’re a local pro serving 60048, make sure your ServiceXTC profile is published and tagged to the right service area so locals can find you.
Sources (reference pages used)
- Redfin: ZIP 60048 housing market and active listings
- Realtor.com: ZIP 60048 market dashboard and search results
- Zillow: ZIP 60048 home values page
What are you seeing in 60048 right now: more price cuts, more bidding, or just fewer good homes to choose from?