07081 Home Values & Market Trends
There are 13 homes currently listed for 07081. 07081 real estate market trends show that home prices range from $399,000 to $970,000, and the median sales price in the 07081 zip code is $621,092.14. The total number of properties sold within the past twelve months is 174. In 07081, 32 properties are in foreclosure, 0 are bank owned properties,and 1 are headed for auction.
07081 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Springfield | $ 612,700 $ 336/sqft |
Housing Market Summary for 07081
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $599K | $600.8K | 0.30% |
| Median Sold Price | $500.3K | $600.8K | 20.09% |
| Homes For Sale | 21 | 9 | -57.14% |
| Homes Sold | 89 | 89 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 07081
Browse Homes in 07081
The median list price of a home in Springfield, is $621,092.14. A total of 13 properties are for sale, and the percentage of properties for sale in the zip code is 13.00%. The total count of 07081 properties is 4,798.
- Pre-ForeclosurePre-foreclosure homes account for 0.65% of all residential properties in 07081 with springfield containing 31 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07081; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,004,000 in springfield to the lowest home value of $306,400 in springfield.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 07081 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 07081. There is 1 cities within 07081; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsspringfield has 1 auction properties, the highest number of properties going to auction in a single city in the state of 07081. Auction homes and other auction properties account for 0.02% of all properties in 07081. There is 1 cities within 07081; of that cities, the median estimated home value for homes going to auction ranges from $576,600 in springfield to the lowest value of $576,600 in springfield.
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More Real Estate Resources for 07081
Guide for 07081
Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Learn how a short sale can stop the foreclosure process.
