Springfield, IL Housing Market

$162,737

3.3% 1-yr

The average Springfield, IL home value is $162,737, up 3.3% over the past year and goes to pending in around 4 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: $162,737

1-year Value Change: +3.3%

(Data through June 30, 2025)

Springfield Housing Market Overview

--1-year Market Forecast

284For sale inventory(June 30, 2025)

166New listings(June 30, 2025)

1.000Median sale to list ratio(May 31, 2025)

$152,250Median sale price(May 31, 2025)

$168,950Median list price(June 30, 2025)

42.1%Percent of sales over list price(May 31, 2025)

42.2%Percent of sales under list price(May 31, 2025)

4Median days to pending(June 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

$1,122Average rent in Springfield(June 30, 2025)

$2,069National average rent(June 30, 2025)

1.3%Month-over-month change(June 30, 2025)

5.8%Year-over-year change(June 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.