Springfield, IL Home Values & Market Trends
Real estate market trends reflect that there have been 2,680 transactions over the past year in Springfield. The median value for residential home transactions that occurred over the previous year is $152,162.2. The number of current listings in Springfield is 81, and the percentage of properties for sale in the city is 81.00%. Springfield, IL currently has 40 properties in foreclosure, 16 bank owned properties, 24 properties headed for auction, and 81 properties for sale.
Springfield, IL Real Estate Market Overview
Housing Market Summary for Springfield, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $150K | $147.9K | -1.41% |
| Median Sold Price | $125.4K | $147.9K | 17.97% |
| Homes For Sale | 70 | 66 | -5.71% |
| Homes Sold | 1,216 | 1,228 | 0.99% |
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 $19,700 to $1,858,586. The median estimated value of a home in Springfield is $152,162.2. The median list price of a home is 149,900, 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 $110,829 in 62703 to the lowest value of $34,412 in 62702. Bank owned homes and properties account for 0.04% of properties in Springfield, IL. There are 11 zips within Springfield, IL; 62702 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions62702 has 14 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 0.05% 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 $123,202 in 62712 to the lowest value of $56,488 in 62712.
Compare Nearby Cities
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Guide for Springfield, IL
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