Tamms, IL 62988 housing market

What this means

• Prices. Home values are down 10.3% over the past year (U.S.: +1.2%), 33% below their 2022-23 peak.
• Supply. Listings are 25% below the 2017-19 norm: still a tight market.
• Negotiating. Buyer leverage is low (31/100; U.S.: 54): homes sell for about 5.8% below their final list price (as of May 2026); 0% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 16% of the median household income (U.S.: 35%); it takes about $30k a year to keep the payment at 30% of gross pay. That includes about $1,640 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $384 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −9% to +7% over the next 12 months (52% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −9.0% to +7.3% (80% range; middle estimate +0.2%), chance of a rise 52%, of a 5%+ drop 21%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

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