Springfield, IL—62712
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$321,000
6.9% YoY Growth
Household Income
$109,000
17.8% YoY Growth
Days on Market
61
8.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$1,500
0.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,350
20.3% YoY Growth
3-Bed Rent
$1,850
0.5% YoY Growth
Home Price Trends — Springfield, IL
As of Dec '25, the median home price in Springfield, IL is $321,000, with a year-over-year change of 6.9%. This indicates that home prices in Springfield, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $321,000 | 6.9% |
| Single Family | $325,000 | 7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |