Housing in Springfield, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$177,500
Median List Price
$160,000
Price Per Sq Ft
$101
Days on Market
7
Active Inventory
123
Months of Supply
1.5
Seller's market
Zillow Home Value
$161,800
ZHVI — January 2026
Zillow Rent Index
$1,124
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.3%
Off Market in 2 Weeks
45.4%
Sale-to-List Ratio
97.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
80
New Listings
87
Pending Sales
86
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$101
Median List $/SF
$103
Springfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Springfield is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$155,200
Median Rent
$945
Total Housing Units
57,220
Vacancy Rate
11.2%
Owner Occupied
63.5%
Renter Occupied
36.5%
Median Property Tax
$3,224
per year
Monthly Cost (w/ Mortgage)
$1,016
Housing Types
The current median sale price in Springfield, IL is $177,500 according to Redfin data. Homes spend a median of 7 days on the market. 16.3% of homes sold above asking price. The market has 1.5 months of supply. The median price per square foot is $101. Zillow's observed rent index is $1,124/month. About 63.5% of housing units are owner-occupied. The median year homes were built is 1971. There are 57,220 total housing units.