The Springfield housing market is very competitive. The median sale price of a home in Springfield was $194K last month, up 17.5% since last year. The median sale price per square foot in Springfield is $96, down 6.3% since last year.
What is the housing market like in Springfield today?
In January 2025, Springfield home prices were up 17.5% compared to last year, selling for a median price of $194K. On average, homes in Springfield sell after 16 days on the market compared to 13 days last year. There were 88 homes sold in January this year, up from 65 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$194,000
+17.5% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Springfield, IL
$194,000
+17.5%
United States
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How hot is the Springfield housing market?
Springfield is very competitive. Homes sell in 9 days.
0
100
86
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 9 days.
Hot homes
can sell for around list price and go pending in around 3 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Springfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Springfield.
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
Springfield has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information
Provided by First Street Foundation
Transportation in Springfield
Learn about the walkability, bikeability, and transit-friendliness of Springfield