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SPRINGFIELD, IL 62711

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, IL real estate market (62711) currently shows 33 active listings, with 18 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 60 days on market compared to 92 days last year.

The median listing price has risen 9.3% year-over-year, from $399,900 to $436,925.

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: 17,759  ·  Density: 221.8/mi²  ·  Median household income: $117,594

Typical home value: $287,193  ·  Homeownership: 80.6%

Market Overview

Active Listings
33
⇩ 28.3% vs 46 last year
Pending
18
55% pending ratio
Median Price
$436,925
⇧ 9.3% vs $399,900 last year
Average Price
$486,158
⇧ 5.6% vs $460,522 last year
Days on Market
60
⇩ 34.8% vs 92 days last year

Price Per Square Foot

Median $/sqft
$166
⇧ 3.1% vs $161/sqft last year
Median Home Size
2,584 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 46 last year
  • Days on market: 60 now vs 92 last year

Median & Average Pricing

Year over Year
  • Median: $436,925 (+9.3% YoY)
  • Average: $486,158 (+5.6% 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 18.3 miles — 196 listings ($50,143,357 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62711Springfield, IL 627110.0 mi35$18,367,860$421,000$524,796
62703Springfield, IL 627035.4 mi42$4,189,206$84,900$99,743
62702Springfield, IL 627026.2 mi67$10,070,971$119,950$150,313
62712Springfield, IL 627128.0 mi20$8,079,280$399,900$403,964
62661Loami, IL 626619.1 mi2$299,800$149,900$149,900
62677Pleasant Plains, IL 626779.7 mi6$3,247,350$259,450$541,225
62684Sherman, IL 6268412.6 mi8$2,509,440$263,500$313,680
62561Riverton, IL 6256113.9 mi6$1,439,700$240,000$239,950
62520Dawson, IL 6252015.0 mi2$444,000$222,000$222,000
62558Pawnee, IL 6255815.9 mi3$616,950$213,900$205,650
62601Alexander, IL 6260116.4 mi1$64,900$64,900$64,900
62693Williamsville, IL 6269317.3 mi2$499,900$249,950$249,950
62545Mechanicsburg, IL 6254518.3 mi2$314,000$157,000$157,000

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, IL 62711?

As of February 2026, there are 33 active listings in SPRINGFIELD, IL (zip code 62711), compared to 46 the prior year.

What is the median home price in SPRINGFIELD, IL 62711?

The median listing price in SPRINGFIELD, IL 62711 is $436,925 as of February 2026, a 9.3% increase from $399,900 the prior year.

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

Homes in SPRINGFIELD, IL 62711 spend an average of 60 days on the market before going under contract, compared to 92 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, IL 62711?

Based on current inventory and days-on-market data as of February 2026, SPRINGFIELD, IL 62711 is currently a Seller's Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 60 days on market compared to 92 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 62711 save an estimated $8,739 compared to a typical 5% commission on the median listing price of $436,925. 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.