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City / Town Overview

Springfield, IL

Aggregate real estate market report across all ZIPs in scope
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The Springfield, IL real estate market currently shows 278 active listings, with 159 pending sales. Homes are averaging 34.5 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 34.5 days on market compared to 48.3 days last year.

The median listing price has risen 15.7% year-over-year, from $174,650 to $202,002.

Whether you are buying or selling in Springfield, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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, 62716, 62723, 62762

Vinegar Hill: 62715, 62719, 62722, 62726, 62736, 62756, 62761, 62767, 62776, 62777, 62781, 62786

South Town: 62739, 62757, 62765

Walnut Valley: 62707

Area Map

Market Overview

Active Listings
278
⇧ 3% vs 270 last year
Pending
159
57% pending ratio
Median Price
$202,002
⇧ 15.7% vs $174,650 last year
Average Price
$242,168
⇧ 13.2% vs $213,992 last year
Days on Market
34.5
⇩ 28.6% vs 48 days last year

Price Per Square Foot

Median $/sqft
$111
⇧ 8.1% vs $102/sqft last year
Median Home Size
1,733 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 %