Photo: w_lemay · CC BY-SA 2.01,513 homes sold in Springfield in the last year, at a typical $187K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Springfield homes are listed.
Every place Springfield homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Springfield.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
6% of Springfield’s sales are condos, at $67K less than a house
1366 houses and 94 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 1366 sold in 12 months
- Per square foot
- $113IL $180
- Days to sell
- 11
- Sold over asking
- 36%
- Listings with a price cut
- 35%
typical sale · 94 sold in 12 months
- Per square foot
- $96IL $251
- Days to sell
- 20
- Sold over asking
- 26%
- Listings with a price cut
- 34%
Multi-family (2–4 units): 37 sold, typical $144K
Townhouses: 17 sold, typical $147K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2016 price
1,513 sales in the last year, against 2,035 in 2021 and a low of 1,482 in 2023. The typical sale went from $120K in 2016 to $187K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Springfield
Check a listing against what Springfield homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Springfield are more common than before the pandemic, but three quarters fewer homes come up for sale
We read every month of Springfield’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,513 sales.
If you’re buying in Springfield
- Shop in March. It brings about 155 new listings a month, close to the busiest month, with fewer bidding wars (18% over asking).
- Bid near asking. Buyers paid 99.8% of the list price on average; 35% paid over.
- Move fast on good ones. 57% of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 176 a month), but July is the most competitive: 24% of July sales close over asking. March and April offer nearly as much choice with fewer homes bid up (18%). February has the least competition (13%) but only about 102 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Springfield now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 35% | 7% | 30% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 57% | 3% | 2% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 34% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.8% | 95.7% | 98.2% | 99.2% |
| Days to sellMedian days from listing to contract | 12 | 96 | 60 | 49 |
156 homes for sale on a typical day
That’s 1.3 times the 2023 low (121), 76% fewer than in 2017–19 and well under 2012’s 780.
1 in 3 listings has cut its price
34% in the last year, against — in 2017–19 and 19% across Illinois.
Since 2019, houses are up 48%, condos 38%
A house typically sold for $192K in the last year (1366 sales), a condo for $125K (94).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Springfield ranks 202nd of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Springfield is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Springfield home costs about $1,299 a month
Price: Springfield’s typical sale, last 12 months. Property tax at Springfield’s 2.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Springfield is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 78.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $187K home, about $3,880 a year.
Taxes vs. neighborsSchools
The schools grade for Springfield, from test results, graduation and how much students grow.
Schools in SpringfieldTypical commute
The average one-way trip to work for people who live in Springfield.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Riverton sells for less a square foot; Sherman for far more
The busier markets within 25 miles of Springfield, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Springfield | 1,513 | $187K | $111 | 35% | 12 |
| Sherman | 69 | $346K | $144 | 35% | 22 |
| Jerome | 43 | $168K | $110 | 40% | 25 |
| Rochester | 38 | $309K | $127 | 39% | 35 |
| Riverton | 36 | $179K | $102 | 42% | 21 |
| Southern View | 31 | $130K | $112 | 39% | 10 |
| Leland Grove | 26 | $359K | $123 | 35% | 18 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Springfield, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Springfield. People who follow the town see it, and so do people comparing Springfield with their own town. No commission, no listing fee.
Questions about buying a home in Springfield
What do homes sell for in Springfield, IL?
1,513 homes sold in the year to May 2026 at a typical $187K, $111 a square foot. Houses sold for about $192K, condos for about $125K.
Is Springfield a buyer’s or seller’s market?
A seller’s market: 143 homes were for sale in May 2026 and 133 sold, about 1.1 months of supply. Buyers paid 99.8% of asking on average, and 34% of listings cut their price.
When is the best time to buy in Springfield?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Springfield?
About 2.1% of a home’s value a year. On a $187K home that’s near $3,880.
Where can I see homes for sale in Springfield?
Zillow, Redfin, Realtor.com and Homes.com all carry Springfield’s MLS listings; the search links above open each one filtered to Springfield.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).