Springfield, IL—62707
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$220,000
7.8% YoY Growth
Household Income
$84,000
21.2% YoY Growth
Days on Market
46
63.0% Longer YoY
Home Price Forecast
0.9%
Median Rent
$1,080
17.6% YoY Growth
1-Bed Rent
$900
N/A
2-Bed Rent
$999
15.1% YoY Growth
3-Bed Rent
$1,080
15.3% YoY Growth
Home Price Trends — Springfield, IL
As of Dec '25, the median home price in Springfield, IL is $220,000, with a year-over-year change of 7.8%. This indicates that home prices in Springfield, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | 7.8% |
| Single Family | $218,000 | 9.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |