Springfield, IL Housing Market 2026: What Homes Actually Sell For

Springfield produces a steady stream of closings but little consensus: sales over the last six months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 6 months: 932
• •Median sold price, last 6 months: $190,000
• •Median sold $/sqft, last 6 months: $114
• •Middle half of sales closed between: $115,000 and $300,000

What the numbers say

Resideline tracked 932 closed sales in Springfield over the last six months, with a median closing price of $190,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $115,000 and $300,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. 90% of the Springfield closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 829 closings with usable living area, the middle half sold between $89 and $141 per square foot.

Figures last updated September 6, 2026 from closings Resideline tracked.

Median home price in Springfield, IL (September 2026)

The median home price in Springfield is $190,000, measured across the 932 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $115,000 and $300,000.

Where Springfield sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Springfield over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $115,000 and $300,000. Among the 91 Illinois markets with a published band, Springfield's middle-half spread ($115,000 to $300,000) ranks 87th from the narrowest. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 4 days, across 575 Springfield closings Resideline tracked in the last six months
• •Contract to closing: a median of 31 days, across 591 Springfield closings Resideline tracked in the last six months

The Springfield angle

Depth and spread are both unusual in Springfield, and they point in opposite directions. The width is the warning: with closings spread across a broad range, $190,000 is a weak anchor for a specific address, and a citywide figure applied to a specific house can miss badly. Within the band, the upper half from $190,000 to $300,000 is the wider side, so a comp set that under matches the subject will read low rather than high. Remember also that $115,000 to $300,000 accounts for half of all closings, and the ends stretch further still.

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Springfield address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Springfield, IL
Geography: incorporated municipality, Census place 1772000
Data updated: September 2026
Analysis period: last six months
Tracked closings: 932
Median sold price: $190,000
Median sold $/sqft: $114 (829 qualifying)
Property mix: 90% houses
https://resideline.com/blog/springfield-il-housing-market

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/springfield-il-housing-market">
  <img src="https://resideline.com/images/embed/springfield-il.png" alt="Springfield, IL home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/springfield-il-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Springfield over the last six months, and is refreshed when the data is. The closings we track within the Springfield city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 19% of the 932 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $200,000.