Market Overview
Home Prices in Libertyville, IL
The median home value in Libertyville, IL is $638,262 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Libertyville are priced56% above average. Libertyville is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Libertyville home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
Libertyville Home Price Trend
City Comparison
Libertyville vs. National Median
At $638,262, homes in Libertyville cost 56% above the national median of $410,000. Buyers in Libertyville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Libertyville?
20% Down Payment
$127,652
on $638,262
Monthly P&I
$3,329/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,228/mo
incl. taxes & insurance
Income Needed
$169,120
gross annual (30% rule)
10% Down Option
$63,826
+ PMI applies
Loan Amount (20% dn)
$510,610
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Libertyville, IL?
The median home value in Libertyville is $638,262 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Libertyville?
Over the past year, home values in Libertyville have increased by 7.3%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in Libertyville?
To comfortably afford the median home price of $638,262 with a 20% down payment ($127,652) at today's rates (6.8%), you'd need a gross annual income of approximately $169,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Libertyville compare to the national average home price?
The national median home value is approximately $410,000. At $638,262, homes in Libertyville are 56% above the national average.
What metro area is Libertyville part of?
Libertyville is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.