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City / Town Overview

Springfield, IL

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

Market Overview

Active Listings
263
⇩ 3.3% vs 272 last year
Pending
118
45% pending ratio
Median Price
$195,139
⇧ 10.1% vs $177,299 last year
Average Price
$233,801
⇧ 8.6% vs $215,342 last year
Days on Market
50.1
⇩ 15.4% vs 59 days last year

Market Analysis

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

The Springfield, IL real estate market currently shows 263 active listings, with 118 pending sales. Homes are averaging 50.1 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 50.1 days on market compared to 59.2 days last year.

The median listing price has risen 10.1% year-over-year, from $177,299 to $195,139.

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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Included Areas

Springfield: 62701, 62702, 62703, 62704, 62705, 62706, 62707, 62708, 62711, 62712, 62715, 62716

Market Context

ZIP coverage: 35  ·  Population: 138,680  ·  Median household income: $67,466

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

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings