Spring Valley, IL Foreclosures
How much do homes sell for in Spring Valley, IL?
The average home price is currently $144,271.
In Spring Valley, IL, how many homes are available?
There are currently 8 active home listings available in Spring Valley.
What’s the average rental cost in Spring Valley, IL?
The average rental price in Spring Valley is $871.
What is the most expensive home in Spring Valley?
The most expensive home sold in Spring Valley had a price of $1,449,250.
What is currently the cheapest priced home in Spring Valley, IL?
The cheapest home for sale in Spring Valley is priced at $12,755.
Living in Spring Valley, IL
Spring Valley, Illinois is a charming small town located in Bureau County, known for its friendly community and rich history. With a population of approximately 5,600 residents, Spring Valley offers a peaceful atmosphere with easy access to outdoor activities along the Illinois River. The town features local shops, parks, and a strong sense of community spirit, making it an ideal place for families and individuals looking for a quiet yet engaging lifestyle.
Current Market Conditions in Spring Valley, IL
The real estate market in Spring Valley has shown modest growth over the past year, with home prices increasing steadily due to demand for affordable housing. The community's charm and local amenities continue to attract both first-time buyers and investors. The market remains competitive, with homes generally selling within a few months of listing, making Spring Valley a desirable option for those seeking a tranquil lifestyle.
In recent months, the market in Spring Valley has experienced slight fluctuations, correlated with seasonal trends typical of small towns. While the inventory of homes has remained consistent, interest rates have risen, affecting buyer purchasing power. This has led to a more cautious market where savvy buyers are looking for good deals, while sellers are encouraged to price their homes competitively.
Home Value Estimator For Spring Valley, IL
There are currently 2,170 real estate properties
in Spring Valley, IL,
with a median automated valuation model (AVM) price
of $121,414.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spring Valley, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Spring Valley, IL,
is $144,271.00, with the most expensive house
in Spring Valley, IL, topping out
at $1,449,250.00 and the cheapest home
in Spring Valley, IL,
clocking in at $12,755.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spring Valley, IL!
Rent Prices
In Spring Valley, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spring Valley, IL, is on
a rollercoaster ride. The
average rent price in Spring Valley, IL,
is $871.00. Indeed, when looking to rent in
Spring Valley, IL, you can expect to pay as little
as $550.00 or as much
as $1,920.00,
with the average rent median estimated to
be $820.00. The good news is that finding
an affordable and desirable property to rent in Spring Valley, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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