Willow Springs appreciation rates and housing market information

Willow Springs housing market information

With 4,666 people, 7,072 houses or apartments, and a median cost of homes of $342,274, Willow Springs house prices are not only among the most expensive in Illinois, Willow Springs real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Willow Springs, accounting for 44.32% of the town's housing units. Other types of housing that are prevalent in Willow Springs include large apartment complexes or high rise apartments (34.98%), mobile homes or trailers (7.41%), duplexes, homes converted to apartments, or other small apartment buildings (7.41%), and a few row houses and other attached homes (5.90%).

People in Willow Springs primarily live in small (one, two, or no bedroom) single-family detached homes. Willow Springs has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Willow Springs built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Willow Springs built from 1940-1969 (38.45%). A lesser amount of the housing stock also hails from 1995 and later (7.90%), and some were built from 1939 and earlier (7.90%).

Willow Springs home appreciation rates

Real estate appreciation rates in Willow Springs have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.18% during the period.

Over the last year, Willow Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Willow Springs's appreciation rate has been -4.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willow Springs were at -0.74%, which equates to an annual appreciation rate of -2.96%.

Notably, Willow Springs's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Willow Springs's latest annual appreciation rate is higher than 15% of the other cities and towns in Illinois.