- Instant property valuation
- Expert advice
- Sell for more
Loading valuation...
Find the best homes for sale and exquisite properties in Springfield, IL, with Melissa Vorreyer.
What is the housing market like in Springfield today? In July 2025, Springfield home prices were up 21.2% year-over-year, with a median sale price of $198,748. This remarkable growth shows how quickly the market is strengthening and underscores Springfield’s appeal as an affordable yet appreciating market. Homes are also selling faster, spending a median of 8 days on the market compared to 10 days last year, while sales volume remained steady at 148 homes sold. Together, these trends signal strong demand and continued confidence in Springfield real estate.
Median Sale Price
Number of Homes Sold
Median Days on Market
For buyers, Springfield still represents an affordable entry point compared to larger metro areas, even with double-digit appreciation. The quick sales pace shows competition is high, but the market also offers a range of price points and neighborhoods to explore. Acting decisively with the help of a knowledgeable local agent can help buyers secure the right home before prices climb further.
For sellers, conditions are highly favorable. With homes selling in just over a week and prices rising significantly, it’s an excellent time to list. Strong demand means sellers can expect competitive offers, and in some cases, bidding activity that drives up final sale prices. The Springfield market is giving sellers a prime opportunity to maximize their equity gains.
For investors, Springfield’s combination of affordability, rapid appreciation, and strong buyer demand makes it a standout market. The rising median price shows robust long-term value potential, while quick turnover indicates strong rental demand and liquidity. With consistent year-over-year growth, Springfield is positioned as an attractive market for both short-term gains and long-term wealth building.
Springfield, IL real estate is attractive for its affordability, historic charm, and central location in Illinois. The city offers a mix of urban amenities and small-town feel, along with rich cultural and historic significance as Abraham Lincoln’s hometown.
Yes, Springfield, IL real estate is a solid investment due to its steady housing market, affordable entry prices, and consistent rental demand driven by government, healthcare, and education sectors.
Buyers can find single-family homes, historic properties, modern townhouses, and condos. Springfield, IL real estate also offers suburban communities and acreage homes for those wanting more space.
Springfield is one of the most affordable markets in Illinois. Home prices are generally lower than in Chicago and other larger metro areas, offering buyers more value for their budget.
Desirable areas include Lincoln Park, Leland Grove, and West Side neighborhoods for their schools, parks, and family-friendly environments, as well as historic downtown districts for character-filled homes.
First-time buyers should explore local loan programs, be ready to act quickly on desirable properties, and consider neighborhoods close to schools, healthcare facilities, and major employers.
Yes, Springfield is well known for its historic homes, many dating back to the 19th and early 20th centuries. Buyers often find unique architectural details in neighborhoods near downtown and Lincoln-era landmarks.
As the state capital, Springfield blends historic significance with modern convenience. Known as the home of Abraham Lincoln, the city offers a unique mix of culture, history, and community pride. For those exploring Springfield IL real estate, the area provides both affordability and strong value growth compared to many larger Midwestern markets.
Springfield is rich in community spirit, with a balance of urban amenities and small-town warmth. Residents enjoy locally owned restaurants, vibrant festivals, and a strong arts presence, making the city appealing to families, young professionals, and retirees alike. The variety of neighborhoods ensures there’s a fit for every lifestyle, from quiet tree-lined streets to centrally located districts.
With excellent public schools, higher education institutions, and steady employment opportunities in government, healthcare, and education, Springfield attracts a diverse population. This stability supports long-term growth in Springfield IL real estate, ensuring that buyers and investors can feel confident about the future.
From Lake Springfield to extensive parks and trails, outdoor enthusiasts have endless opportunities for recreation. Springfield also offers convenient access to Chicago, St. Louis, and other regional hubs, making it a central location for both work and play.
The Springfield IL real estate market is known for affordability, fast-moving inventory, and strong appreciation trends. Whether you’re a first-time buyer, a seller looking to maximize value, or an investor seeking growth, Springfield offers opportunities that are both attainable and rewarding.
From Lake Springfield to parks and trails, outdoor recreation is a key part of daily life. These amenities enhance the appeal of Springfield homes while offering a balanced lifestyle.
Get to Know Us
The Melissa Dowson Vorreyer Sales Team of Re/Max Professionals is the #1 Remax Team in the Midwest Region. She and her reliable and highly recommended team of Brokers have over 130 years of combined real estate experience. More than any of the other realtors in Springfield IL.
Whether you’re buying or selling, this dynamic team of Springfield IL realtors promises to deliver the best service and marketing available. Each of us are certified Re/Max Realtors and thus belong to one of the best realty franchises in the nation. We are highly motivated and work hard to deliver results for our customers.
Explore Our Springfield, IL
Home Valuation
Enter your details to see how much your home is worth.
*Authentication failed. Please enter your details below to get your free valuation.
Schedule a free consultation with a top local agent who can help you estimate and understand your home's value.
We need more information to provide an accurate estimate for this address. Local expert will reach out shortly or you can schedule a consultation now.
Living in Springfield, IL, a community guide. Learn more about neighborhoods in Springfield to help decide which one is best for you.
Get our exclusive Springfield, IL listings sent directly to your inbox!Learn More
