Springfield, IL Housing Market

$154,874

4.5% 1-yr

The average Springfield, IL home value is $154,874, up 4.5% over the past year and goes to pending in around 9 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: $154,874

1-year Value Change: +4.5%

(Data through March 31, 2025)

Springfield Housing Market Overview

--1-year Market Forecast

245For sale inventory(March 31, 2025)

106New listings(March 31, 2025)

0.984Median sale to list ratio(February 28, 2025)

$149,500Median sale price(February 28, 2025)

$141,950Median list price(March 31, 2025)

26.0%Percent of sales over list price(February 28, 2025)

56.3%Percent of sales under list price(February 28, 2025)

9Median days to pending(March 31, 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

$23,500

2 bd2 ba950 sqft

2800 Ridge Ave TRAILER 116

View Springfield listings

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Springfield Rental Market Trends

$1,091Average rent in Springfield(March 31, 2025)

$2,005National average rent(March 31, 2025)

0.5%Month-over-month change(March 31, 2025)

5.1%Year-over-year change(March 31, 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.