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City / Town Overview

Springfield, IL

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

Market Analysis

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

The Springfield, IL real estate market currently shows 385 active listings, with 202 pending sales. Homes are averaging 34.7 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 34.7 days on market compared to 32.8 days last year.

The median listing price has fallen 0% year-over-year, from $214,403 to $214,365.

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, 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
385
⇧ 3.8% vs 371 last year
Pending
202
52% pending ratio
Median Price
$214,365
vs $214,403 last year
Average Price
$266,877
⇧ 6.5% vs $250,675 last year
Days on Market
34.7
⇧ 5.8% vs 33 days last year

Price Per Square Foot

Median $/sqft
$114
⇧ 4.9% vs $108/sqft last year
Median Home Size
1,840 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 %