Data as of July 2026. Source: Realtor.com.
The SPRINGFIELD, IL real estate market (62703) currently shows 64 active listings, with 30 pending sales. Homes are averaging 45 days on the market before going under contract.
Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 45 days on market compared to 39 days last year.
The median listing price has risen 15.3% year-over-year, from $78,000 to $89,950.
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.
Population: 28,809 · Density: 745.6/mi² · Median household income: $43,760
Typical home value: $94,473 · Homeownership: 55.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 62703 | Springfield, IL 62703 | 0.0 mi | 43 | $4,157,670 | $87,450 | $96,690 |
| 62704 | Springfield, IL 62704 | 3.0 mi | 82 | $16,600,080 | $148,425 | $202,440 |
| 62711 | Springfield, IL 62711 | 5.4 mi | 33 | $16,043,214 | $436,925 | $486,158 |
| 62629 | Chatham, IL 62629 | 7.5 mi | 25 | $11,234,625 | $452,900 | $449,385 |
| 62536 | Glenarm, IL 62536 | 9.2 mi | 0 | $0 | $660,000 | $660,000 |
| 62625 | Cantrall, IL 62625 | 10.5 mi | 3 | $2,220,000 | $740,000 | $740,000 |
| 62558 | Pawnee, IL 62558 | 12.9 mi | 3 | $599,700 | $199,900 | $199,900 |
| 62661 | Loami, IL 62661 | 13.0 mi | 3 | $449,700 | $149,900 | $149,900 |
| 62530 | Divernon, IL 62530 | 13.9 mi | 3 | $449,901 | $152,450 | $149,967 |
| 62677 | Pleasant Plains, IL 62677 | 14.4 mi | 5 | $2,416,525 | $381,175 | $483,305 |
| 62531 | Edinburg, IL 62531 | 15.2 mi | 3 | $354,699 | $119,900 | $118,233 |
| 62540 | Kincaid, IL 62540 | 16.7 mi | 3 | $494,700 | $164,900 | $164,900 |
| 62634 | Elkhart, IL 62634 | 20.0 mi | 1 | $124,900 | $124,900 | $124,900 |
As of July 2026, there are 64 active listings in SPRINGFIELD, IL (zip code 62703), compared to 81 the prior year.
The median listing price in SPRINGFIELD, IL 62703 is $89,950 as of July 2026, a 15.3% increase from $78,000 the prior year.
Homes in SPRINGFIELD, IL 62703 spend an average of 45 days on the market before going under contract, compared to 39 days the prior year.
Based on current inventory and days-on-market data as of July 2026, SPRINGFIELD, IL 62703 is currently a Balanced Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 45 days on market compared to 39 days last year.
With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, IL 62703 save an estimated $1,799 compared to a typical 5% commission on the median listing price of $89,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.