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SPRINGFIELD, IL 62712

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, IL real estate market (62712) currently shows 17 active listings, with 10 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 63 days on market compared to 73 days last year.

The median listing price has risen 8.8% year-over-year, from $357,250 to $388,750.

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
17
⇧ 6.3% vs 16 last year
Pending
10
59% pending ratio
Median Price
$388,750
⇧ 8.8% vs $357,250 last year
Average Price
$419,976
⇧ 23.4% vs $340,467 last year
Days on Market
63
⇩ 13.7% vs 73 days last year

Price Per Square Foot

Median $/sqft
$153
⇧ 15% vs $133/sqft last year
Median Home Size
2,595 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 16 last year
  • Days on market: 63 now vs 73 last year

Median & Average Pricing

Year over Year
  • Median: $388,750 (+8.8% YoY)
  • Average: $419,976 (+23.4% 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 16.6 miles — 166 listings ($42,504,680 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
62712Springfield, IL 627120.0 mi20$8,079,280$399,900$403,964
62563Rochester, IL 625635.0 mi13$5,846,126$312,922$449,702
62702Springfield, IL 627026.1 mi67$10,070,971$119,950$150,313
62707Springfield, IL 627078.1 mi11$3,392,554$225,000$308,414
62629Chatham, IL 626298.7 mi27$10,840,635$369,000$401,505
62545Mechanicsburg, IL 6254510.5 mi2$314,000$157,000$157,000
62558Pawnee, IL 6255811.2 mi3$616,950$213,900$205,650
62531Edinburg, IL 6253112.5 mi2$179,800$89,900$89,900
62530Divernon, IL 6253013.5 mi6$914,700$152,450$152,450
62515Buffalo, IL 6251513.7 mi2$300,000$150,000$150,000
62615Auburn, IL 6261514.5 mi8$1,370,264$179,900$171,283
62661Loami, IL 6266114.9 mi2$299,800$149,900$149,900
62670New Berlin, IL 6267016.6 mi3$279,600$93,200$93,200

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, IL 62712?

As of February 2026, there are 17 active listings in SPRINGFIELD, IL (zip code 62712), compared to 16 the prior year.

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

The median listing price in SPRINGFIELD, IL 62712 is $388,750 as of February 2026, a 8.8% increase from $357,250 the prior year.

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

Homes in SPRINGFIELD, IL 62712 spend an average of 63 days on the market before going under contract, compared to 73 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 February 2026, SPRINGFIELD, IL 62712 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 63 days on market compared to 73 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 $7,775 compared to a typical 5% commission on the median listing price of $388,750. 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.