Springfield, IL—62711
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$349,000
6.2% YoY Growth
Household Income
$124,000
17.0% YoY Growth
Days on Market
59
1.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$2,100
7.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,350
29.0% YoY Growth
3-Bed Rent
$2,300
2.6% YoY Growth
Home Price Trends — Springfield, IL
As of Dec '25, the median home price in Springfield, IL is $349,000, with a year-over-year change of 6.2%. This indicates that home prices in Springfield, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $349,000 | 6.2% |
| Single Family | $356,000 | 6.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |