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Featured local agent — Spring Valley, IL
Sarah Mitchell
Compass Real Estate · Spring Valley, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spring Valley, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$91,500median sale price
How is the Spring Valley, IL housing market right now?
The median home sale price in Spring Valley, IL is $91,500, down 48.2% year-over-year. Homes sell in an average of 225 days with 16 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spring Valley a buyer's or seller's market?
Spring Valley, IL is currently a buyer's market, based on 8.0 months of supply and homes selling in about 225 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
225
Average pace
Active listings
16
8.0 months supply
Sale-to-list
96.2%
Below asking
What does the Spring Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $91,500 |
| Median list price | $178,900 |
| Year-over-year price change | -48.2% |
| Average days on market | 225 days |
| Active inventory | 16 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 96.2% |
| Median price per sq ft | $95/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 31.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Spring Valley by property type?
How the Spring Valley, 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 | $91,500 | $95/sq ft | 2 | 225 days |
Source: Redfin · Updated monthly
The Spring Valley housing market is currently classified as a buyer's market with a median sale price of $91,500. Prices have fallen 48.2% compared to last year, with homes spending an average of 225 days on market, indicating 8.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 2.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Spring Valley
There are currently 16 homes listed for sale in Spring Valley, Illinois. The median listing price is $179K.
Active listings
16
Homes on market
Median list price
$179K
Avg. days on market
225
Days until sale
New this week
4
Newly listed
Who lives in Spring Valley?
Population
5,508
Median income
$63,964/yr
Median age
42.5 years
Owner-occupied
63.0%
College grads
19.2%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Spring Valley?
Zillow home value
$146,689
Price-to-income
2.3x
Source: Zillow Research
What is it like to live in Spring Valley?
Spring Valley is a community of approximately 6K residents with a median age of 42.5 years.The median household income is $63,964, which represents a working-class community with solid middle-income opportunities. 19.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.0%, showing a blend of owner and renter-occupied properties. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spring Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spring Valley?
2 schools tracked · 1,033 students
The largest public schools serving Spring Valley, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
John F Kennedy Elem School
Grades PK-8 · 623 students
Hall High School
Grades 9-12 · 410 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Spring Valley, IL?
Want a head-to-head view? Compare Spring Valley 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 Valley?
The median home sale price in Spring Valley is $91,500, down 48.2% from last year.
How long do homes stay on market in Spring Valley?
Homes typically spend 225 days on market before going under contract.
What is the median income in Spring Valley?
The median household income is $63,964 per year.
Is Spring Valley a buyer's or seller's market?
With 8.0 months of supply, Spring Valley is currently a buyer's market.
What is the Zillow home value estimate for Spring Valley?
The Zillow Home Value Index (ZHVI) for Spring Valley is $146,689, representing the typical home value in the area.
How much does a single-family home cost in Spring Valley?
The median single-family home price in Spring Valley, IL is $91,500 (about $95 per square foot).
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