The Spring Lake Farms housing market is somewhat competitive. The median sale price of a home in Spring Lake Farms was $310K last month, down 12.1% since last year.
What is the housing market like in Spring Lake Farms today?
In March 2024, Spring Lake Farms home prices were down 12.1% compared to last year, selling for a median price of $310K. On average, homes in Spring Lake Farms sell after 69 days on the market compared to 51 days last year. There were 3 homes sold in March this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$310,000
-12.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Spring Lake Farms, IL
$310,000
-12.1%
United States
To compare other locations to the Spring Lake Farms and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake in the Hills add value to a home.
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How hot is the Spring Lake Farms housing market?
Spring Lake Farms is somewhat competitive. Homes sell in 38 days.
0
100
64
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 2% above list price and go pending in around 38 days.
Hot homes
can sell for about 5% above list price and go pending in around 17 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Spring Lake Farms housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Spring Lake Farms.
Risk Factor
Flood Factor - Minor
2% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Spring Lake Farms has a minor risk of flooding. 4 properties in Spring Lake Farms are likely to be
severely affected
by flooding over the next 30 years. This represents 2% of all properties in Spring Lake Farms. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Spring Lake Farms has a minor risk of wildfire. There are 1 properties in Spring Lake Farms that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Spring Lake Farms.
Spring Lake Farms has minimal risk of severe winds over the next 30 years
Wind Factor
Spring Lake Farms has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
73% of properties are at minor
risk of heat over the next 30 years
Heat Factor
Spring Lake Farms has a minor risk from heat. This is due to
"feels like" temperatures
increasing, and because 73% of homes in Spring Lake Farms have a Minor Heat Factor®.
Spring Lake Farms is expected to see a 114% increase in the number of days over 101ºF over the next 30 years. Spring Lake Farms is expected to experience 8