Willow Springs, IL Real Estate Listings & Homes for Sale

In July 2024, homes for sale in Willow Springs, IL experienced a notable 22.7% increase in prices compared to the previous year, with a median selling price of $460K. On average, homes in Willow Springs are now selling after just 46 days on the market, a significant improvement from the 63 days recorded last year. However, the number of homes sold in July dropped to 4, compared to 16 sales in the same month last year. Additionally, while the median sale price per square foot is currently $193—a 24.0% decline from last year—this may suggest that buyers are prioritizing larger homes, despite fewer transactions taking place. This combination of rising home prices and decreased sales volume makes Willow Springs an interesting market for both buyers and sellers.

The Willow Springs housing market is moderately competitive, with most homes for sale in Willow Springs, IL selling within 44.5 days. Some properties do receive multiple offers, though on average, homes tend to sell for about 1% below the list price and go pending in around 45 days. However, "hot" homes—those in high demand—can sell for approximately 1% above the asking price and go pending in just 34 days, indicating strong interest in certain areas and property types.

Nationwide, 3% of homebuyers are looking to relocate to Willow Springs, IL from outside metropolitan areas. Among these, homebuyers from New York showed the most interest in moving to Willow Springs, followed by those from Peoria and St. Louis. This highlights Willow Springs' growing appeal as a desirable location for buyers seeking a quieter, suburban lifestyle with proximity to major cities.