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 market demonstrates very competitive conditions, with a high pending ratio of 0.86, indicating strong absorption of available homes. Median listing prices have continued to appreciate, rising 4.0% year-over-year, despite an increase in active listings.
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 · Sep 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.
Inventory levels have expanded significantly, with active listings up 26.1% year-over-year and new listings increasing by 25.4% over the past year. Despite this growth in supply, demand remains robust, as evidenced by the high pending ratio. Median listing prices show continued upward momentum, rising 4.0% year-over-year, while median days on market increased by 9.0% year-over-year, suggesting a slight moderation in selling pace despite strong demand.
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 current market dynamics suggest that properties are being absorbed at a rapid pace, leading to limited negotiating room for purchasers. The high pending ratio points to sustained inventory pressure, prompting prompt decisions from prospective buyers. Price discipline remains important for sellers, given the increase in available listings, yet the overall market pace remains elevated.
The average listing price increased by 7.9% year-over-year, slightly outpacing the 4.0% year-over-year growth in median listing price, and median $/sqft rose 11.9% year-over-year. This suggests a relatively consistent performance across price tiers, without a distinct divergence in the luxury segment dynamics.
322 active listings represent the current floor, with new supply arriving at roughly 296 per month.
of active listings carry a price reduction, +1.8% from prior period.
Median price per square foot has moved +11.9% year-over-year.
Pending-to-active ratio — Very Competitive.
Recommended For This Market
Very CompetitiveSelling in Springfield, IL? Homes here are taking 3 days longer to sell than 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
- 86%
- Median Days on Market
- 37 days
- Inventory YoY
- +26%
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
$164K
84 active · 46 DOM
62526
decatur
$138K
67 active · 35 DOM
62702
springfield
$98K
53 active · 28 DOM
62704
springfield
$204K
48 active · 43 DOM
62656
lincoln
$137K
35 active · 33 DOM
62650
jacksonville
$172K
33 active · 34 DOM
62568
taylorville
$185K
33 active · 57 DOM
62629
chatham
$384K
29 active · 42 DOM
62557
pana
$119K
25 active · 66 DOM
62675
petersburg
$242K
21 active · 41 DOM
62644
havana
$98K
20 active · 36 DOM
62565
shelbyville
$164K
19 active · 48 DOM
62550
moweaqua
$163K
15 active · 79 DOM
62563
rochester
$338K
12 active · 35 DOM
62707
springfield
$181K
12 active · 27 DOM
62712
springfield
$320K
12 active · 15 DOM
62690
virden
$134K
9 active · 55 DOM
62549
mt zion
$331K
9 active · 36 DOM
Sorted by active inventory · click a ZIP for its full report