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SPRINGFIELD, IL 62712

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 (62712) currently shows 26 active listings, with 12 pending sales. Homes are averaging 15 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are selling faster, averaging 15 days on market compared to 24 days last year.

The median listing price has risen 25.8% year-over-year, from $325,975 to $410,000.

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: 10,275  ·  Density: 166.0/mi²  ·  Median household income: $103,452

Typical home value: $242,898  ·  Homeownership: 84.9%

Market Overview

Active Listings
26
⇧ 52.9% vs 17 last year
Pending
12
46% pending ratio
Median Price
$410,000
⇧ 25.8% vs $325,975 last year
Average Price
$445,904
⇧ 19.6% vs $372,729 last year
Days on Market
15
⇩ 37.5% vs 24 days last year

Price Per Square Foot

Median $/sqft
$134
⇩ 15.2% vs $158/sqft last year
Median Home Size
3,006 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 17 last year
  • Days on market: 15 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $410,000 (+25.8% YoY)
  • Average: $445,904 (+19.6% 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 19.4 miles — 140 listings ($30,464,423 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62712Springfield, IL 627120.0 mi17$7,139,592$388,750$419,976
62563Rochester, IL 625635.0 mi13$6,049,771$301,250$465,367
62702Springfield, IL 627026.1 mi66$8,936,532$124,900$135,402
62707Springfield, IL 627078.1 mi12$3,424,980$232,250$285,415
62536Glenarm, IL 625368.9 mi0$0$660,000$660,000
62545Mechanicsburg, IL 6254510.5 mi2$315,450$157,725$157,725
62558Pawnee, IL 6255811.2 mi3$599,700$199,900$199,900
62531Edinburg, IL 6253112.5 mi3$354,699$119,900$118,233
62540Kincaid, IL 6254014.3 mi3$494,700$164,900$164,900
62693Williamsville, IL 6269314.8 mi4$835,760$239,900$208,940
62670New Berlin, IL 6267016.6 mi3$450,975$150,325$150,325
62613Athens, IL 6261317.3 mi8$1,066,736$134,975$133,342
62690Virden, IL 6269019.4 mi6$795,528$156,150$132,588

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, IL 62712?

As of April 2026, there are 26 active listings in SPRINGFIELD, IL (zip code 62712), compared to 17 the prior year.

What is the median home price in SPRINGFIELD, IL 62712?

The median listing price in SPRINGFIELD, IL 62712 is $410,000 as of April 2026, a 25.8% increase from $325,975 the prior year.

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

Homes in SPRINGFIELD, IL 62712 spend an average of 15 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, IL 62712?

Based on current inventory and days-on-market data as of April 2026, SPRINGFIELD, IL 62712 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 15 days on market compared to 24 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 62712 save an estimated $8,200 compared to a typical 5% commission on the median listing price of $410,000. 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.