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City / Town Overview

Springfield, IL

Aggregate real estate market report across all ZIPs in scope
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The Springfield, IL real estate market currently shows 253 active listings, with 131 pending sales. Homes are averaging 50.7 days on the market before going under contract.

Inventory has tightened compared to last year, with 36 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 50.7 days on market compared to 65.2 days last year.

The median listing price has risen 9.4% year-over-year, from $173,365 to $189,679.

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Market Context

Market Context

Population: 138,680  ·  Density: 773.2/mi²  ·  Median household income: $67,466

Typical home value: $151,624  ·  Homeownership: 65.4%

Included Areas

Springfield: 62701, 62702, 62703, 62704, 62705, 62706, 62707, 62708, 62711, 62712, 62715, 62716

Area Map

Market Overview

Active Listings
253
⇩ 12.5% vs 289 last year
Pending
131
52% pending ratio
Median Price
$189,679
⇧ 9.4% vs $173,365 last year
Average Price
$222,538
⇧ 2.9% vs $216,287 last year
Days on Market
50.7
⇩ 22.2% vs 65 days last year

Price Per Square Foot

Median $/sqft
$109
⇧ 7.2% vs $101/sqft last year
Median Home Size
1,659 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %