$55,000
3413 E Carpenter St
Springfield, IL
3 bd2 ba1,908 sqft
House
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Springfield, IL Housing Market & Real Estate
Seller's market+14.7% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Springfield, IL is $170,500, up 14.7% year-over-year. Homes sell in an average of 26 days with 100 active listings. The market is currently a seller's market.
$170,500median sale price
Is Springfield a buyer's or seller's market?
Seller's market1.1 months of supply26 avg. days on market
Springfield, IL is currently a seller's market, based on 1.1 months of supply and homes selling in about 26 days. How we determine this →
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
Springfield, IL market data
| Metric | Value |
|---|---|
| Median sale price | $170,500 |
| Median list price | $187,450 |
| Year-over-year price change | +14.7% |
| Average days on market | 26 days |
| Active inventory | 100 listings |
| Months of supply | 1.1 months |
| Sale-to-list price ratio | 97.0% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
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
Homes for sale in Springfield
There are currently 100 homes listed for sale in Springfield, Illinois. The median listing price is $187K. Featured listings range from $55,000 to $545,900.
$86,000
1819 E Watch Ave
Springfield, IL
4 bd2 ba1,956 sqft
House
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$114,900
958 N 2nd St
Springfield, IL
3 bd1 ba1,312 sqft
House
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$159,900
108 Glen Aire Dr
Springfield, IL
3 bd2 ba1,317 sqft
House
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$178,000
10 Andover Dr
Springfield, IL
4 bd3 ba2,436 sqft
House
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$179,900
3100 S 5th St
Springfield, IL
4 bd2 ba1,389 sqft
House
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$245,000
1817 S Whittier Ave
Springfield, IL
4 bd2 ba1,852 sqft
House
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$250,000
2900 W Lawrence Ave
Springfield, IL
3 bd2 ba2,189 sqft
House18,731 sqft lot
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$265,000
3424 Bluff Rd
Springfield, IL
3 bd3 ba2,234 sqft
House13,939 sqft lot
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$445,500
4800 Longfellow Dr
Springfield, IL
3 bd3 ba3,481 sqft
House11,761 sqft lot
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$499,900
7528 Wentworth Dr
Springfield, IL
3 bd3 ba3,332 sqft
House
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$545,900
2505 Centennial Dr
Springfield, IL
4 bd4 ba4,305 sqft
House
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Looking to buy in Springfield?
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Active listings
100
Homes on market
Median list price
$187K
Avg. days on market
26
Days until sale
New this week
74
Newly listed
Price drops:40.0%of listings
Sale-to-list:97.0%
Top public schools in Springfield
41 schools tracked · 12,920 students
The largest public schools serving Springfield, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Springfield High School
Grades 9-12 · 1,446 students
Springfield Southeast High Sch
Grades 9-12 · 1,189 students
Lanphier High School
Grades 9-12 · 1,084 students
Benjamin Franklin Middle School
Grades 6-8 · 705 students
Early Learning Center
Grades PK · 558 students
U S Grant Middle School
Grades 6-8 · 527 students
Washington Middle School
Grades 6-8 · 521 students
Jefferson Middle School
Grades 6-8 · 495 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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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.
How many homes are for sale in Springfield?
There are currently 100 homes listed for sale in Springfield, IL.
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