Call or Text (240) SELL-123
Bushs Corners Central Vernon Hills Downtown (Heritage District) Gregg's Landing North Vernon Hills South Vernon Hills Vernon Hills Town Center (Downtown Vernon Hills)

LIBERTYVILLE, IL 60048

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60048

Bushs Corners · Central Vernon Hills · Downtown (Heritage District) · Gregg's Landing · North Vernon Hills · South Vernon Hills · Vernon Hills Town Center (Downtown Vernon Hills)

Market Analysis

Data as of March 2026. Source: Realtor.com.

The LIBERTYVILLE, IL real estate market (60048) currently shows 56 active listings, with 35 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 38 days on market compared to 23 days last year.

The median listing price has fallen 15.4% year-over-year, from $749,900 to $634,750.

Whether you are buying or selling in LIBERTYVILLE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for LIBERTYVILLE, IL 60048 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 29,452  ·  Density: 400.4/mi²  ·  Median household income: $166,229

Typical home value: $519,328  ·  Homeownership: 84.6%

Market Overview

Active Listings
56
⇩ 24.3% vs 74 last year
Pending
35
63% pending ratio
Median Price
$634,750
⇩ 15.4% vs $749,900 last year
Average Price
$865,882
⇩ 26.8% vs $1,183,659 last year
Days on Market
38
⇧ 65.2% vs 23 days last year

Price Per Square Foot

Median $/sqft
$314
⇧ 18.5% vs $265/sqft last year
Median Home Size
2,169 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 74 last year
  • Days on market: 38 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $634,750 (-15.4% YoY)
  • Average: $865,882 (-26.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.7 miles — 796 listings ($603,719,648 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60048Libertyville, IL 600480.0 mi49$40,043,535$658,500$817,215
60061Vernon Hills, IL 600614.3 mi62$34,048,292$455,000$549,166
60060Mundelein, IL 600605.1 mi91$57,049,720$439,995$626,920
60045Lake Forest, IL 600455.5 mi66$185,495,310$1,949,375$2,810,535
60085Waukegan, IL 600855.9 mi42$11,587,926$257,275$275,903
60047Lake Zurich, IL 600478.2 mi126$112,419,720$829,925$892,220
60087Waukegan, IL 600878.9 mi33$8,385,861$242,500$254,117
60040Highwood, IL 600409.2 mi5$2,688,835$462,500$537,767
60083Wadsworth, IL 600839.8 mi23$21,417,922$532,975$931,214
60046Lake Villa, IL 6004610.2 mi62$25,459,618$389,375$410,639
60090Wheeling, IL 6009011.4 mi91$28,409,472$293,450$312,192
60074Palatine, IL 6007412.0 mi67$29,664,987$296,975$442,761
60004Arlington Heights, IL 6000412.7 mi79$47,048,450$535,700$595,550

Frequently Asked Questions

How many homes are for sale in LIBERTYVILLE, IL 60048?

As of March 2026, there are 56 active listings in LIBERTYVILLE, IL (zip code 60048), compared to 74 the prior year.

What is the median home price in LIBERTYVILLE, IL 60048?

The median listing price in LIBERTYVILLE, IL 60048 is $634,750 as of March 2026, a 15.4% decrease from $749,900 the prior year.

How long do homes stay on the market in LIBERTYVILLE, IL?

Homes in LIBERTYVILLE, IL 60048 spend an average of 38 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in LIBERTYVILLE, IL 60048?

Based on current inventory and days-on-market data as of March 2026, LIBERTYVILLE, IL 60048 is currently a Balanced Market. Inventory has tightened compared to last year, with 18 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 38 days on market compared to 23 days last year.

How much can I save on real estate commission in LIBERTYVILLE, IL?

With SELL123.com's maximum 3% commission, sellers in LIBERTYVILLE, IL 60048 save an estimated $12,695 compared to a typical 5% commission on the median listing price of $634,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.