Springfield, IL
Housing market overview · Updated weekly
$170,500median sale price
Homes sold
90
Last 12 weeks
Days on market
26
Average pace
Active listings
100
1.1 months supply
Sale-to-list
97.0%
Below asking
The Springfield housing market is currently classified as a seller's market with a median sale price of $170,500. Prices have risen 14.7% compared to last year, with homes spending an average of 26 days on market, indicating 1.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Springfield?
The median home sale price in Springfield is $170,500, up 14.7% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 26 days on market before going under contract.
Is Springfield a buyer's or seller's market?
With 1.1 months of supply, Springfield is currently a seller's market.
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