Springfield, IL
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's very competitive Springfield market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Springfield, IL.
The Springfield, IL housing market remains Very Competitive, driven by a pending ratio of 0.99, indicating strong demand absorption relative to available inventory. This condition persists despite a month-over-month decrease in the median listing price of 7.0%.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Data not yet available.
Shows whether future inventory pressure may increase.
What's moving the Springfield market right now.
Active listings have expanded by 12.7% year-over-year, reaching 293 units, yet new listings remained flat over the past year. The median listing price declined by 2.4% over the past year, while the median price per square foot increased by 8.6% year-over-year. The pending ratio, though still high at 0.99, experienced an 8.0% contraction year-over-year.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The elevated pending ratio suggests that inventory is quickly absorbed, creating an environment where properties are likely to sell at a brisk pace. With high demand pressing against available supply, pricing discipline remains important for sellers to attract offers, but the limited stock also reduces negotiating leverage for buyers.
The significant spread between the average listing price ($302,313) and the median listing price ($209,950), coupled with a substantial year-over-year increase in average listing price (8.9%) compared to a decline in median listing price (-2.4%), suggests some divergence in price dynamics at the higher end of the market. However, the median price per square foot has also increased year-over-year, indicating broader price strength on a per-square-foot basis.
293 active listings represent the current floor, with new supply arriving at roughly 252 per month.
of active listings carry a price reduction, +2.3% from prior period.
Median price per square foot has moved +8.6% year-over-year.
Pending-to-active ratio — Very Competitive.
Recommended For This Market
Very CompetitiveSelling in Springfield, IL? Inventory is up 13% from last year.
Demand in Springfield, IL is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.
- Buyer Demand Index
- 99%
- Median Days on Market
- 37 days
- Inventory YoY
- +13%
Demand is strong in Springfield, IL. Check your Sold Score before you price — conditions this favorable don't hold forever.
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Metro Demographics
ZIPs in Springfield, IL
62521
decatur
$165K
84 active · 39 DOM
62526
decatur
$115K
56 active · 50 DOM
62703
springfield
$80K
50 active · 36 DOM
62704
springfield
$216K
49 active · 35 DOM
62702
springfield
$95K
48 active · 33 DOM
62568
taylorville
$172K
37 active · 63 DOM
62711
springfield
$472K
35 active · 47 DOM
62629
chatham
$397K
25 active · 34 DOM
62656
lincoln
$150K
25 active · 38 DOM
62565
shelbyville
$165K
18 active · 61 DOM
62644
havana
$89K
16 active · 31 DOM
62675
petersburg
$232K
13 active · 53 DOM
62550
moweaqua
$163K
13 active · 71 DOM
62626
carlinville
$115K
12 active · 57 DOM
62681
rushville
$165K
10 active · 101 DOM
62549
mt zion
$352K
9 active · 25 DOM
62563
rochester
$340K
8 active · 48 DOM
62690
virden
$140K
7 active · 32 DOM
Sorted by active inventory · click a ZIP for its full report