Housing in Spring Bay, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$164,000
Median List Price
$170,000
Price Per Sq Ft
$82
Days on Market
20
Active Inventory
N/A
Zillow Home Value
$113,342
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
100.0%
Sale-to-List Ratio
96.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$82
Median List $/SF
$85
Spring Bay vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Spring Bay is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$134,900
Median Rent
$1,083
Total Housing Units
215
Vacancy Rate
6.0%
Owner Occupied
64.8%
Renter Occupied
35.1%
Median Property Tax
$2,372
per year
Monthly Cost (w/ Mortgage)
$975
Housing Types
The current median sale price in Spring Bay, IL is $164,000 according to Redfin data. Homes spend a median of 20 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $82. The median rent is $1,083 per month (Census ACS). About 64.8% of housing units are owner-occupied. The median year homes were built is 1970. There are 215 total housing units.