Is Springfield, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
Since last year, Springfield has remained a Seller's Market.
How much do homes in Springfield, IL cost?
Median Sold Price
$144,997
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
Median Sold Price By Bedroom Count
# BEDS | Jan 2022 | Jan 2023 | % |
---|---|---|---|
1 Bedroom | $45K | $49.1K | +9.3% |
2 Bedrooms | $81.7K | $93K | +13.8% |
3 Bedrooms | $135.8K | $150.1K | +10.5% |
4 Bedrooms | $240K | $269.9K | +12.5% |
5+ Bedrooms | $356K | $415.5K | +16.7% |
Median Sold Price Compared To Nearby Cities
Southern View | $90.5K | $111K | +22.7% |
Woodside Township | $114.8K | $134.9K | +17.5% |
Jerome | $115.7K | $129K | +11.4% |
Springfield | $135K | $144.9K | +7.4% |
Capital Township | $135K | $144.9K | +7.4% |
How many homes are available in Springfield, IL?
Number of Homes For Sale
Dec 2022 | Jan 2023 | % |
---|---|---|
288 | 251 | -12.8% |
Homes For Sale By Bedroom Count
# BEDS | Dec 2022 | Jan 2023 | % |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 80 | 85 | +6.3% |
3 Bedrooms | 133 | 98 | -26.3% |
4 Bedrooms | 50 | 46 | -8.0% |
5+ Bedrooms | 18 | 16 | -11.1% |
Number of Homes Sold
Dec 2022 | Jan 2023 | % |
---|---|---|
113 | 75 | -33.6% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Average Sale Time
Jan 2022 | Jan 2023 | % |
---|---|---|
17 Days | 24 Days | +44.0% |
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days