Springfield, IL housing market
Homes typically sell in 5 days, a little above asking.
Home values, sales, trends and how Springfield compares with the towns next door — updated as new data is published.
Springfield at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Springfield and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Springfield | — | — | 5 | $66,064 |
| Springfield | $172K | +7.2% | — | $39,507 |
| Rochester | $298K | +7.1% | — | $114,551 |
| Clear Lake | — | — | — | $86,473 |
| Chatham | — | — | 4 | $106,773 |
| Sherman | $337K | +6.3% | 4 | $148,906 |
2.5 years of income
The typical Springfield home costs about 2.5 years of the town's median household income, less than across Illinois (3.6 years).
How Springfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.