Springfield, IL Home Values & Market Trends
Real estate market trends reflect that there have been 2,678 transactions over the past year in Springfield. The median value for residential home transactions that occurred over the previous year is $152,166.44. The number of current listings in Springfield is 68, and the percentage of properties for sale in the city is 68.00%. Springfield, IL currently has 34 properties in foreclosure, 15 bank owned properties, 19 properties headed for auction, and 68 properties for sale.
Springfield, IL Real Estate Market Overview
Housing Market Summary for Springfield, IL
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $125K | $150.3K | 20.27% |
Median Sold Price | $124.3K | $150.3K | 20.98% |
Homes For Sale | 68 | 64 | -5.88% |
Homes Sold | 1,275 | 1,325 | 3.92% |
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 Springfield, IL
Browse Homes in Springfield, IL
Springfield home values range from $14,775 to $1,822,796. The median estimated value of a home in Springfield is $152,166.44. The median list price of a home is 154,450, and the total count of properties in the city is 45,233.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Springfield, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 11 zips within Springfield, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Springfield, IL ranges from the highest value of $175,123 in 62703 to the lowest value of $37,656 in 62702. Bank owned homes and properties account for 0.03% of properties in Springfield, IL. There are 11 zips within Springfield, IL; 62703 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions62702 has 12 auction properties, the highest number of properties going to auction in a single zip in the state of Springfield, IL. Auction homes and other auction properties account for 0.04% of all properties in Springfield, IL. There are 11 zips within Springfield, IL; of those zips, the median estimated home value for homes going to auction ranges from $116,918 in 62712 to the lowest value of $44,147 in 62712.
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More Real Estate Resources for Springfield, IL
Guide for Springfield, IL
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