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Springfield Market Report

$175,955

AVERAGE PRICE OF 496 HOMES

$70,950

AVERAGE PRICE OF 4 DISTRESSED HOMES

$1,399,900

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$410,128

AVERAGE PRICE OF 20 NEWLY BUILT HOMES

$316,303

AVERAGE PRICE OF 32 HOMES WITH A POOL

$194,056

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $175,955
Avg Bedrooms 2.99 beds
Avg Bathrooms 1.91 baths

Average Price by Bedrooms

1 bedroom $44,536
2 bedrooms $64,216
3 bedrooms $120,645
4 bedrooms $253,675
5 bedrooms $355,965
Springfield Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 498 530 512 520 525
Average Price $189,636 $196,388 $191,812 $191,545 $283,459
Avg Price Change -3.56% +2.39% +0.14% -47.99% +56.62%
Median Price $130,511 $135,369 $130,872 $132,902 $127,150
Med Price Change -3.72% +3.44% -1.55% +4.52% +5.08%
Avg Bedrooms 3.03 beds 3.18 beds 3.01 beds 2.53 beds 2.52 beds
Avg Bathrooms 2.14 baths 2.48 baths 2.2 baths 1.65 baths 2.03 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Glenwood High School 1 $235,900 54 days
Lanphier High School 19 $103,257 34 days
Sangamon Valley School District 1 $27,900 153 days
Southeastern 1 $210,000 22 days
Springfield 35 $168,634 77 days
Springfield Southeast 39 $144,351 36 days
Williamsville 1 $400,000 55 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 496 $175,955 70 days
Distressed Homes 4 $70,950 199 days
Multi-Million Dollar Homes 1 $1,399,900 69 days
Newly Built Homes 20 $410,128 48 days
Homes with a Pool 32 $316,303 58 days
Reduced Price Homes 16 $194,056 34 days
The Real Estate Group Inc.
3701 W. Wabash Ave.
Springfield, IL 62711
217-787-7000

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