Springfield, IL Housing Market

$159,185

3.4% 1-yr

The average Springfield, IL home value is $159,185, up 3.4% over the past year and goes to pending in around 6 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Springfield Key Takeaways

Typical Home Values: $159,185

1-year Value Change: +3.4%

(Data through April 30, 2025)

Springfield Housing Market Overview

--1-year Market Forecast

251For sale inventory(April 30, 2025)

130New listings(April 30, 2025)

0.984Median sale to list ratio(March 31, 2025)

$146,250Median sale price(March 31, 2025)

$148,450Median list price(April 30, 2025)

29.2%Percent of sales over list price(March 31, 2025)

56.8%Percent of sales under list price(March 31, 2025)

6Median days to pending(April 30, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Springfield

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Springfield Homes for Sale

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Springfield Rental Market Trends

$1,036Average rent in Springfield(April 30, 2025)

$2,024National average rent(April 30, 2025)

2.2%Month-over-month change(April 30, 2025)

6.1%Year-over-year change(April 30, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.