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Featured local agent — Spring Bay, IL
Sarah Mitchell
Compass Real Estate · Spring Bay, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spring Bay, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$164,000median sale price
How is the Spring Bay, IL housing market right now?
The median home sale price in Spring Bay, IL is $164,000. Homes sell in an average of 20 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of December 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spring Bay a buyer's or seller's market?
Spring Bay, IL is currently a balanced market and homes selling in about 20 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
20
Fast-moving
Active listings
—
Sale-to-list
96.5%
Below asking
What does the Spring Bay housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $164,000 |
| Median list price | $170,000 |
| Average days on market | 20 days |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $82/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Spring Bay by property type?
How the Spring Bay, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $164,000 | $82/sq ft | 1 | 20 days |
Source: Redfin · Updated monthly
The Spring Bay housing market is currently classified as a balanced market with a median sale price of $164,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 20 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.2x provides context for how home values compare to local earning capacity.
Homes for sale in Spring Bay
Explore homes currently listed for sale in Spring Bay, Illinois across major real estate platforms.
Who lives in Spring Bay?
Population
519
Median income
$61,111/yr
Median age
42.9 years
Owner-occupied
64.9%
College grads
11.5%
Avg commute
22.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Spring Bay?
Zillow home value
$133,402
Price-to-income
2.2x
Source: Zillow Research
What is it like to live in Spring Bay?
Spring Bay is a community of approximately 1K residents with a median age of 42.9 years.The median household income is $61,111, which represents a working-class community with solid middle-income opportunities. 11.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.9%, showing a blend of owner and renter-occupied properties. The average commute time is 22.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spring Bay offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Spring Bay, IL?
Want a head-to-head view? Compare Spring Bay side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Spring Bay?
The median home sale price in Spring Bay is $164,000, down 0.0% from last year.
How long do homes stay on market in Spring Bay?
Homes typically spend 20 days on market before going under contract.
What is the median income in Spring Bay?
The median household income is $61,111 per year.
What is the Zillow home value estimate for Spring Bay?
The Zillow Home Value Index (ZHVI) for Spring Bay is $133,402, representing the typical home value in the area.
How much does a single-family home cost in Spring Bay?
The median single-family home price in Spring Bay, IL is $164,000 (about $82 per square foot).
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