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SPRINGFIELD, IL 62712

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, IL real estate market (62712) currently shows 18 active listings, with 12 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 64 days on market compared to 31 days last year.

The median listing price has risen 35.3% year-over-year, from $275,000 to $371,975.

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
18
⇧ 20% vs 15 last year
Pending
12
67% pending ratio
Median Price
$371,975
⇧ 35.3% vs $275,000 last year
Average Price
$394,217
⇧ 12.8% vs $349,344 last year
Days on Market
64
⇧ 106.5% vs 31 days last year

Price Per Square Foot

Median $/sqft
$144
⇩ 12.7% vs $165/sqft last year
Median Home Size
2,403 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 15 last year
  • Days on market: 64 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $371,975 (+35.3% YoY)
  • Average: $394,217 (+12.8% 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 March 2026, there are 18 active listings in SPRINGFIELD, IL (zip code 62712), compared to 15 the prior year.

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

The median listing price in SPRINGFIELD, IL 62712 is $371,975 as of March 2026, a 35.3% increase from $275,000 the prior year.

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

Homes in SPRINGFIELD, IL 62712 spend an average of 64 days on the market before going under contract, compared to 31 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 March 2026, SPRINGFIELD, IL 62712 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 64 days on market compared to 31 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 $7,440 compared to a typical 5% commission on the median listing price of $371,975. 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.