Are home prices going up or down in Springfield, IL?
In Springfield, IL, the typical home sold for $210,000 during May 2026 — about the same as a year ago. Prices are flat, not rising or falling.
Over the last 36 months the typical sale price in Springfield, IL went from $175,500 to $210,000 — up 20%.
The high point was $212,500, reached in July 2025. Today's typical sale is 1% below that.
Measured by size, homes in Springfield, IL are selling for about $118 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Springfield, IL area, through May 2026.
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More about the Springfield, IL market
- When is the best month to sell a house in Springfield, IL?
- How long does it take to sell a house in Springfield, IL?
- Do homes sell above asking price in Springfield, IL?
- Is Springfield, IL a buyer's market or a seller's market?
- How many homes are for sale in Springfield, IL?
- All Springfield, IL housing numbers
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Figures come from Redfin's published market data for the Springfield, IL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.