Call or Text (240) SELL-123
City / Town Overview

Springfield, IL

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Springfield, IL real estate market currently shows 399 active listings, with 188 pending sales. Homes are averaging 36.3 days on the market before going under contract.

Inventory has increased compared to last year, with 33 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 36.3 days on market compared to 31.2 days last year.

The median listing price has fallen 4.7% year-over-year, from $212,842 to $202,837.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for Springfield, IL and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 138,680  ·  Density: 773.2/mi²  ·  Median household income: $67,466

Typical home value: $151,624  ·  Homeownership: 65.4%

Included Areas

Springfield: 62701, 62702, 62703, 62704, 62705, 62706, 62708, 62711, 62712, 62715, 62716, 62722

Vinegar Hill: 62719, 62726, 62736, 62756, 62761, 62762, 62763, 62776, 62777, 62781

South Town: 62739, 62765, 62769

Walnut Valley: 62707

Area Map

Market Overview

Active Listings
399
⇧ 9% vs 366 last year
Pending
188
47% pending ratio
Median Price
$202,837
⇩ 4.7% vs $212,842 last year
Average Price
$257,298
⇩ 0.2% vs $257,792 last year
Days on Market
36.3
⇧ 16.3% vs 31 days last year

Price Per Square Foot

Median $/sqft
$116
⇧ 8.3% vs $107/sqft last year
Median Home Size
1,786 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %