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SPRINGFIELD, IL 62712

Real Estate Market Report  ·  Sangamon County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
20
⇧ 42.9% vs 14 last year
Pending
9
45% pending ratio
Median Price
$399,900
⇧ 11.5% vs $358,750 last year
Average Price
$403,964
⇧ 13% vs $357,442 last year
Days on Market
61
⇧ 22% vs 50 days last year

Market Context

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

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

Market Analysis

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

The SPRINGFIELD, IL real estate market (62712) currently shows 20 active listings, with 9 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 50 days last year.

The median listing price has risen 11.5% year-over-year, from $358,750 to $399,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 14 last year
  • Days on market: 61 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $399,900 (+11.5% YoY)
  • Average: $403,964 (+13% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.6 miles — 166 listings ($42,504,680 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62712Springfield, IL 627120.0 mi20$8,079,280$399,900$403,964
62563Rochester, IL 625635.0 mi13$5,846,126$312,922$449,702
62702Springfield, IL 627026.1 mi67$10,070,971$119,950$150,313
62707Springfield, IL 627078.1 mi11$3,392,554$225,000$308,414
62629Chatham, IL 626298.7 mi27$10,840,635$369,000$401,505
62545Mechanicsburg, IL 6254510.5 mi2$314,000$157,000$157,000
62558Pawnee, IL 6255811.2 mi3$616,950$213,900$205,650
62531Edinburg, IL 6253112.5 mi2$179,800$89,900$89,900
62530Divernon, IL 6253013.5 mi6$914,700$152,450$152,450
62515Buffalo, IL 6251513.7 mi2$300,000$150,000$150,000
62615Auburn, IL 6261514.5 mi8$1,370,264$179,900$171,283
62661Loami, IL 6266114.9 mi2$299,800$149,900$149,900
62670New Berlin, IL 6267016.6 mi3$279,600$93,200$93,200

Frequently Asked Questions

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

As of January 2026, there are 20 active listings in SPRINGFIELD, IL (zip code 62712), compared to 14 the prior year.

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

The median listing price in SPRINGFIELD, IL 62712 is $399,900 as of January 2026, a 11.5% increase from $358,750 the prior year.

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

Homes in SPRINGFIELD, IL 62712 spend an average of 61 days on the market before going under contract, compared to 50 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 January 2026, SPRINGFIELD, IL 62712 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 50 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 $7,998 compared to a typical 5% commission on the median listing price of $399,900. 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.