Spring Valley, Illinois, is a small city in Bureau County with a population of approximately 5,500, nestled along the Illinois River. Founded in the late 19th century, it has a rich history tied to coal mining and agriculture, which shaped its early economy and cultural identity. The city boasts a vibrant community spirit, with attractions like the Spring Valley Boat Club and nearby outdoor recreational opportunities at Matthiessen State Park. Its historic downtown features local businesses and seasonal events, such as the annual Burgoo Festival, celebrating the area’s heritage with food, crafts, and entertainment, making Spring Valley a quintessential slice of rural Illinois charm.
Spring Valley currently has 18 single family homes for sale with an average list price of $171,283.28 and 33 lots for sale with an average list price of $162,725.76. The average annual property tax for Spring Valley is $3,056.35.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Spring Valley, i.e. what's hot and what's not.
See What's Hot & What's Not in Spring ValleySpring Valley home sales for the month of July decreased in volume by 50% when compared to last year, while the median sale price rose by 5% from $234,500 to $246,250. House sales decreased by 50%, while the median sale price rose by 5% from $234,500 to $246,250.
49
|
53
|
46
|
43
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$115,000
|
$93,500
|
$125,000
|
$135,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |