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Springfield Market Report

$347,866

AVERAGE PRICE OF 643 HOMES

$2,372,545

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$470,527

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$439,063

AVERAGE PRICE OF 11 HOMES WITH A POOL

$211,057

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

$154,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $347,866
Avg Bedrooms .92 bed
Avg Bathrooms .59 bath

Average Price by Bedrooms

1 bedroom $51,340
2 bedrooms $128,410
3 bedrooms $169,901
4 bedrooms $274,839
5 bedrooms $470,186
Springfield Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 661 661 691 682 657
Average Price $342,020 $347,494 $348,962 $331,289 $308,730
Avg Price Change -1.60% -0.42% +5.33% +7.31% +3.28%
Median Price $158,769 $165,872 $171,008 $169,906 $160,706
Med Price Change -4.47% -3.10% +0.65% +5.72% -0.74%
Avg Bedrooms 1.07 beds 1.12 beds 1.16 beds 1.67 beds 1.33 beds
Avg Bathrooms .75 bath .85 bath .87 bath 1.06 baths .69 bath
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Chatham District #5 38 $265,222 165 days
Lanphier High School 27 $87,262 131 days
Springfield 24 $280,075 84 days
Springfield District #186 242 $178,952 143 days
Springfield Southeast 25 $93,548 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 643 $347,866 138 days
Multi-Million Dollar Homes 39 $2,372,545 247 days
Newly Built Homes 11 $470,527 80 days
Homes with a Pool 11 $439,063 40 days
Reduced Price Homes 7 $211,057 82 days
Distressed Homes 1 $154,900 35 days
The Real Estate Group Inc.
3701 W. Wabash Ave.
Springfield, IL 62711
217-787-7000

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