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SPRINGFIELD, IL 62711

Real Estate Market Report  ·  Sangamon County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, IL real estate market (62711) currently shows 52 active listings, with 31 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 29 days on market compared to 39 days last year.

The median listing price has risen 11.4% year-over-year, from $384,975 to $428,725.

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: 17,759  ·  Density: 221.8/mi²  ·  Median household income: $117,594

Typical home value: $287,193  ·  Homeownership: 80.6%

Market Overview

Active Listings
52
⇧ 4% vs 50 last year
Pending
31
60% pending ratio
Median Price
$428,725
⇧ 11.4% vs $384,975 last year
Average Price
$486,449
⇧ 14% vs $426,552 last year
Days on Market
29
⇩ 25.6% vs 39 days last year

Price Per Square Foot

Median $/sqft
$162
vs $162/sqft last year
Median Home Size
2,935 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 50 last year
  • Days on market: 29 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $428,725 (+11.4% YoY)
  • Average: $486,449 (+14% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.3 miles — 199 listings ($48,650,093 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62711Springfield, IL 627110.0 mi33$16,043,214$436,925$486,158
62703Springfield, IL 627035.4 mi43$4,157,670$87,450$96,690
62702Springfield, IL 627026.2 mi66$8,936,532$124,900$135,402
62712Springfield, IL 627128.0 mi17$7,139,592$388,750$419,976
62661Loami, IL 626619.1 mi3$449,700$149,900$149,900
62677Pleasant Plains, IL 626779.7 mi5$2,416,525$381,175$483,305
62615Auburn, IL 6261512.6 mi6$1,191,378$182,925$198,563
62563Rochester, IL 6256312.8 mi13$6,049,771$301,250$465,367
62530Divernon, IL 6253014.7 mi3$449,901$152,450$149,967
62558Pawnee, IL 6255815.9 mi3$599,700$199,900$199,900
62601Alexander, IL 6260116.4 mi1$64,900$64,900$64,900
62693Williamsville, IL 6269317.3 mi4$835,760$239,900$208,940
62545Mechanicsburg, IL 6254518.3 mi2$315,450$157,725$157,725

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, IL 62711?

As of April 2026, there are 52 active listings in SPRINGFIELD, IL (zip code 62711), compared to 50 the prior year.

What is the median home price in SPRINGFIELD, IL 62711?

The median listing price in SPRINGFIELD, IL 62711 is $428,725 as of April 2026, a 11.4% increase from $384,975 the prior year.

How long do homes stay on the market in SPRINGFIELD, IL?

Homes in SPRINGFIELD, IL 62711 spend an average of 29 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, IL 62711?

Based on current inventory and days-on-market data as of April 2026, SPRINGFIELD, IL 62711 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 29 days on market compared to 39 days last year.

How much can I save on real estate commission in SPRINGFIELD, IL?

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, IL 62711 save an estimated $8,575 compared to a typical 5% commission on the median listing price of $428,725. 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.