44 homes sold in Spring Valley in the last year, at a typical $145K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Spring Valley homes are listed.
Every place Spring Valley homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Spring Valley.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Spring Valley’s sales, at a typical $145K
44 homes sold in the year to May 2026.
typical sale · 44 sold in 12 months
- Per square foot
- $116IL $180
- Days to sell
- 66
- Sold over asking
- 32%
- Listings with a price cut
- 28%
About as many homes sell as usual, at twice the 2016 price
44 sales in the last year, against 66 in 2018 and a low of 37 in 2013. The typical sale went from $68K in 2016 to $145K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Spring Valley
Check a listing against what Spring Valley homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Spring Valley are more common than before the pandemic, but 43% fewer homes come up for sale
We read every month of Spring Valley’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 44 sales.
If you’re buying in Spring Valley
- Shop in September. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (8% over asking).
- Offer under asking. Buyers paid 97% of the list price on average; 32% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 7 a month), but June is the most competitive: 25% of June sales close over asking. September offers nearly as much choice with fewer homes bid up (8%). February has the least competition (3%) but only about 3 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and calmer than Illinois
| Spring Valley now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 6% | 17% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 49% | 1% | 29% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 28% | — | 26% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 97% | 91% | 94.7% | 99.2% |
| Days to sellMedian days from listing to contract | 66 | 106 | 52 | 49 |
14 homes for sale on a typical day
That’s 1.7 times the 2021 low (8), 43% fewer than in 2017–19 and well under 2012’s 32.
1 in 4 listings has cut its price
28% in the last year, against — in 2017–19 and 19% across Illinois.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Spring Valley home costs about $1,031 a month
Price: Spring Valley’s typical sale, last 12 months. Property tax at Spring Valley’s 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Spring Valley is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $145K home, about $3,300 a year.
Taxes vs. neighborsSchools
The schools grade for Spring Valley, from test results, graduation and how much students grow.
Schools in Spring ValleyTypical commute
The average one-way trip to work for people who live in Spring Valley.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Princeton sells for less a square foot
The busier markets within 25 miles of Spring Valley, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Ottawa | 249 | $212K | $145 | 31% | 55 |
| LaSalle | 95 | $133K | $114 | 28% | 65 |
| Peru | 89 | $162K | $132 | 29% | 59 |
| Princeton | 87 | $170K | $111 | 16% | 59 |
| Mendota | 55 | $171K | $117 | 35% | 49 |
| Spring Valley | 44 | $145K | $116 | 32% | 66 |
| Oglesby | 34 | $164K | $134 | 41% | 46 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Spring Valley, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Spring Valley. People who follow the town see it, and so do people comparing Spring Valley with their own town. No commission, no listing fee.
Questions about buying a home in Spring Valley
What do homes sell for in Spring Valley, IL?
44 homes sold in the year to May 2026 at a typical $145K, $116 a square foot.
Is Spring Valley a buyer’s or seller’s market?
A buyer’s market: 16 homes were for sale in May 2026 and 2 sold, about 8 months of supply. Buyers paid 97% of asking on average, and 28% of listings cut their price.
When is the best time to buy in Spring Valley?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Spring Valley?
About 2.3% of a home’s value a year. On a $145K home that’s near $3,300.
Where can I see homes for sale in Spring Valley?
Zillow, Redfin, Realtor.com and Homes.com all carry Spring Valley’s MLS listings; the search links above open each one filtered to Spring Valley.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).