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Springfield

Why you'd want to live in Springfield

As the largest city in central Illinois, with a population of 117,000, Springfield is best known for being the home of our 16th President Abraham Lincoln and the place where President Barack Obama spent his early career in politics. Springfield is truly rich with history while maintaining a progressive and strong business environment. Conveniently located on Interstate Highways 55 and 72, Springfield is in close proximity to St. Louis to the south; Chicago to the north and Indianapolis to the east. This central location gives Springfield a reach of over 536,000 people within a 40 mile radius. In addition to Interstate access, five class I railroads and two short line railroads serve the city and Sangamon County, providing direct shipment to major markets throughout the United States. Springfield's Abraham Lincoln Capital Airport is three miles northwest of the City's downtown and is a full service provider that accommodates both passenger as well as freight services. Springfield's medical and health care sectors are a core industry for central Illinois. Hospital Sisters Health System (HSHS) and Memorial Health Systems are our two main providers. HSHS St. John's Hospital and Memorial Medical Center are currently undergoing major expansions. The community is also home to Springfield Clinic; Prairie Heart Institute; Prairie Education and Research Cooperative; Southern Illinois School of Medicine (SIU); Simmons Cancer Institute; along with St. John's School of Nursing and the University of Illinois at Springfield's nursing program. Springfield is a regional provider of health care services. An example of the confidence that our medical community has in this central location is the 2015 opening of Memorial Medical Center's 72,000-square-foot, four-story Center for Learning and Innovation. As only one of six in the nation, the Center houses a state-of-the-art Simulation Center, providing learners with the opportunity to develop their skills through simulation and skills training. via Homes for Sale in Springfield

Springfield Market Report

$328,248

AVERAGE PRICE OF 678 HOMES

$2,395,273

AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES

$428,779

AVERAGE PRICE OF 21 NEWLY BUILT HOMES

$252,055

AVERAGE PRICE OF 9 HOMES WITH A POOL

$317,812

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

Average Home

Average Price $328,248
Avg Bedrooms 1.49 beds
Avg Bathrooms .89 bath

Average Price by Bedrooms

1 bedroom $93,340
2 bedrooms $138,584
3 bedrooms $185,704
4 bedrooms $300,207
5 bedrooms $413,027
Springfield Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 664 719 747 739 787
Average Price $326,819 $328,759 $312,118 $314,616 $311,237
Avg Price Change -0.59% +5.33% -0.80% +1.09% +0.86%
Median Price $154,877 $159,928 $163,769 $166,742 $169,507
Med Price Change -3.26% -2.40% -1.82% -1.66% +1.09%
Avg Bedrooms 1.96 beds 2.82 beds 2.86 beds 1.87 beds 1.43 beds
Avg Bathrooms 1.12 baths 1.76 baths 1.8 baths 1.06 baths .92 bath
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Springfield District #186 259 $168,682 219 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 678 $328,248 299 days
Multi-Million Dollar Homes 37 $2,395,273 365 days
Newly Built Homes 21 $428,779 107 days
Homes with a Pool 9 $252,055 74 days
Reduced Price Homes 12 $317,812 88 days
The Real Estate Group Inc.
3701 W. Wabash Ave.
Springfield, IL 62711
217-787-7000

Based on information submitted to the MLS GRID as of February 12, 2025 1 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
Based on information submitted to the MLS GRID by MRED as of February 12, 2025 1 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website. DMCA Notice
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