Is Spring Valley, IL 61362 a buyer’s or seller’s market?
Spring Valley is a seller’s market. With about 2.8 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score36/ 100
More competitive than 34% of U.S. ZIP codes, and #437 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2.8Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list95.4%Sold price ÷ list price
Median days on market73Listing to accepted offer
Median price per sq ft$118▼ −13.2% vs. last year
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Nearby markets
Arlington 61312Buyer’s market $136 /sq ftBuda 61314Buyer’s market $87 /sq ftCherry 61317 $153 /sq ftDalzell 61320Seller’s market $187 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology