Springfield, IL Housing Market

$162,300

5.4% 1-yr

The average Springfield, IL home value is $162,300, up 5.4% over the past year and goes to pending in around 5 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Springfield Key Takeaways

Typical Home Values: $162,300

1-year Value Change: +5.4%

(Data through August 31, 2025)

Springfield Housing Market Overview

--1-year Market Forecast

299For sale inventory(August 31, 2025)

167New listings(August 31, 2025)

1.002Median sale to list ratio(July 31, 2025)

$175,167Median sale price(July 31, 2025)

$169,100Median list price(August 31, 2025)

55.1%Percent of sales over list price(July 31, 2025)

30.7%Percent of sales under list price(July 31, 2025)

5Median days to pending(August 31, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Springfield

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Springfield Homes for Sale

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Springfield Rental Market Trends

$1,146Average rent in Springfield(August 31, 2025)

$2,007National average rent(August 31, 2025)

0.7%Month-over-month change(August 31, 2025)

7.2%Year-over-year change(August 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.