The Springfield Lake Shore housing market is very competitive. The median sale price of a home in Springfield Lake Shore was $766K last month, up 34.7% since last year. The median sale price per square foot in Springfield Lake Shore is $159, down 23.1% since last year.
What is the housing market like in Springfield Lake Shore today?
In January 2025, Springfield Lake Shore home prices were up 34.7% compared to last year, selling for a median price of $766K. On average, homes in Springfield Lake Shore sell after 120 days on the market compared to 9 days last year. There were 4 homes sold in January this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$766,000
+34.7% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Springfield Lake Shore, IL
$766,000
+34.7%
United States
To compare other locations to the Springfield Lake Shore and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Springfield add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Springfield Lake Shore housing market?
Springfield Lake Shore is very competitive. Homes sell in 4 days.
0
100
88
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 4 days.
Hot homes
can sell for about 8% above list price and go pending in around 1 day.
Learn about schools in the Springfield Lake Shore area
Elementary
Middle
High
GreatSchools Rating
5/10
Laketown Elementary School
Public • K-5
181
Students
N/A
5/10
Edwin A Lee Elementary School
Public • PreK-12
236
Students
4 reviews
5/10
Ball Elementary School
Public • PreK-4
606
Students
5 reviews
4/10
Hazel Dell Elementary School
Public • K-5
120
Students
3 reviews
4/10
Glenwood Intermediate School
Public • 5-6
740
Students
2 reviews
Only showing 5 of
6 elementary schools.
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 Lake Shore housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Springfield Lake Shore.
Flood Factor - Moderate
31% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Springfield Lake Shore has a moderate risk of flooding. 261 properties in Springfield Lake Shore are likely to be
severely affected
by flooding over the next 30 years. This represents 31% of all properties in Springfield Lake Shore. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Springfield Lake Shore has a moderate risk of wildfire. There are 32 properties in Springfield Lake Shore that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Springfield Lake Shore.
99% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Springfield Lake Shore has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Springfield Lake Shore is most at risk from hurricanes. 1,085 properties in Springfield Lake Shore have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 58 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 73 mph.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Springfield Lake Shore has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Springfield Lake Shore have a Moderate Heat Factor®.
Springfield Lake Shore is expected to see a 200% increase in the number of days over 105ºF over the next 30 years. Springfield Lake Shore is expected to experience 9