“I really appreciate Rays patience with me a first time home buyer. He was very knowledgeable about the area I was interested in . Ray is a superstar !”
Real People Realty
- Agent Pronto
- Illinois
- Springfield
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Springfield real estate Market Report.
Information and statistics on the latest trends in the Springfield real estate market, updated for May 2026. *
Springfield home values have slipped over the past year, down about 9.22 percent compared with last year. Prices are still lower than in Sangamon County as a whole, where the typical home value is around $206,000. At the same time, county values have fallen a milder 4.19 percent year over year.
In March 2026, Springfield’s typical home value was about $187,000, while the median list price sat near $170,000. Homes are taking longer to sell, with median days on market up 125 percent year over year to 27 days and edging 3.85 percent higher just since the prior month.
Supply conditions continue to favor sellers, with only 1.1 months of inventory and a seller’s market gauge of 9. Inventory rose 21.21 percent month over month to 120 homes, even as it stayed 17.81 percent below last year, and 25 percent of listings saw a price cut while roughly 28 percent still sold above list at an average 98.43 percent of asking price. Looking ahead to April 2026, Springfield’s typical home value is projected to climb to about $197,500 with inventory near 130 homes and a projected median list price around $163,775. With 159 new listings, 133 pending sales, and pending activity down 19.88 percent year over year, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands these shifts.
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Buyer’s Market
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Market gauge is calculated based on the the number of active listings divided by home sales over the most recently available reporting period.
Learn more about what Springfield has to offer.
Springfield offers residents a welcoming, well-rounded mix of rich history, vibrant neighborhoods, parks and outdoor spaces, solid schools, and practical services that support everyday life.
Springfield stands apart from nearby communities like Chatham and Riverton with its rare blend of historic character, government presence, and an easygoing, small-city rhythm. Residents take pride in landmarks such as the Illinois State Capitol and the Abraham Lincoln Presidential Library and Museum, which anchor a downtown that is steadily adding restaurants, lofts, and cultural events.
Daily life here centers on close-knit neighborhoods, strong public institutions, and accessible green space. Families frequent Washington Park for its trails, lagoon, and botanical garden, while boaters and anglers head to Lake Springfield for year-round recreation. Local fixtures such as UIS and Lincoln Land Community College support a stable employment base and keep the community looking toward the future.
Compared with larger metros like Decatur and Peoria, Springfield offers a more manageable pace along with a surprisingly rich food scene, including hometown favorites and long-running diners. The City of Springfield maintains active programs in infrastructure, parks, and public safety, which helps neighborhoods stay attractive to both first-time buyers and long-term residents.
Whether you are planning to buy into your first Springfield home or considering selling a property you have owned for years, timing and preparation are crucial in this competitive regional market. Agent Pronto can connect you with a knowledgeable local real estate professional who understands Springfield’s neighborhoods and can guide both buyers and sellers with confidence.
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“Emir was a n excellent realtor and he was a professional. I will recommend Emir to family and friends in the future.”
Owners.com
“Lisa was wonderful! She is extremely knowledgeable and professional. She went above and beyond for us. When it is time to sell I know who I will call. If you are considering using them I highly recommend it.”
MoveSmart Realty
“We worked with Kim Wirtz for the sale of our home at 732 Teal Drive, and she was outstanding throughout the entire process. She spent numerous days helping us navigate the sale, handled multiple offers professionally, and gave us excellent advice on how to approach the contracts and negotiations. When one deal fell through, she immediately had great strategies for relisting the property, managing contingencies, and getting the house sold quickly again. She truly went above and beyond what most realtors would do. Kim was extremely responsive, always available to answer questions, and did a fantastic job communicating with buyers, agents, and everyone involved in the transaction. Her knowledge, professionalism, and dedication made a stressful process much easier. I would highly recommend her to anyone looking to buy or sell a home.”
Wirtz Real Estate Group, Inc.
“Thanks for your help in purchasing our first home!”
Berkshire Hathaway HomeServices Chicago
“After a bad experience with another Realtor, Kathy was recommended to me by a friend and I couldn't of been more pleased that I went with the recommendation. Kathy has great attention to detail when it comes to reviewing the home in person and had a very strategic approach in a multiple bid scenario that won my home at a fair market value. She was also extremely responsive at anytime of the day and was always available to answer any questions!!! It was such a relief to have Kathy as my realtor. Truly best in class service!”
Berkshire Hathaway Chicago
“Great job would recommend”
Century 21 Circle
“Great experience! Very attentive, honest, and dedicated. Professional, efficient, and easy to work with. Highly recommended!”
Century 21 Affiliated
“We relocated from an area where we had lived our entire lives, and the prospect of moving to another state can often be quite challenging. However, our experience with Kimberly was exceptionally smooth and seamless. Her expertise, combined with the thoughtful and tailored feedback she provided based on our specific criteria, proved invaluable throughout the entire process. She conducted herself with the utmost professionalism while also making us feel genuinely supported, as though we were family. We would highly recommend her to any prospective buyers or sellers seeking a dedicated and knowledgeable real estate professional.”
Berkshire Hathaway HomeServices Chicago
“Our house could be considered high end property in the neighborhood. Cinny worked hard to get it under the contract in a week and sold our house a little over a month. We are happy about the result. During the process, there were ups and downs which made us nervious. Cinny listened to our concerns and gave us professional advice.”
Century 21 Realty Associates
“Heather Bejda was a great help in our relocation from outside Philadelphia, PA to Oswego, IL. Ms. Bejda had great knowledge of the area and market. She provided excellent help, guidence and service. Would strongly recommend contacting Ms. Bejda if you are planning on relocating or purchasing property in the Naperville, IL area.”
Berkshire Hathaway HomeServices Chicago
“Our experience with Laura was excellent. From the moment we reached out to her everything moved forward quickly. As a first-time seller, I felt comfortable throughout the entire process thanks to Laura's knowledge, accessibility, and responsiveness. She also took the time to understand and cater towards our specific needs. I would highly recommend Laura.”
Berkshire Hathaway Homeservices
“Dayana is the realtor for the buyer looking to purchase in a seller's market. Her expertise was the key to our acquiring the property we now own. From showing us various properties, to continually checking in with us, to putting together a competitive and timely offer, to connecting us with a good attorney, to negotiating the terms of the contract, and otherwise guiding us through the process, Dayana was the best. Thank you Dayana!”
CENTURY 21 Affiliated
“Shawn is a perfect example of everything a new homeowner could want in a realtor. He's patient, informative and passionate about helping you find the right home. Shawn goes the extra mile in preparing detailed documents on every listing you visit and has a vast knowledge of property pros and cons. You also know you'll get a honest and trustworthy professional at your side when you work with him. I can't recommend Shawn enough!”
Berkshire Hathaway HomeServices
“Brittany was wonderful to work with. I always felt like she was trying to help me get the house I wanted. It did not feel like she just wanted to sell me the first house to be done.”
Compass
“Would use Lizette again, very easy to work with & very professional. Would recommend here 100% to Friends.”
REALTY OF AMERICA
“Robert was wonderful to work with as we navigated buying our first home. He gave us clear direction, was an incredible advocate for us, and prioritized our best interest. He was also extremely communicative and encouraged our questions and feedback. We would recommend him to anyone looking to buy a home!”
Keller Williams Platinum Partners
“Renee O'Brien was very understanding, helpful, and kind .... knowledgable in the house situation and problem solving to move the sale along swiftly...”
Keller Williams North Shore West
“Before using Jeffry as my agent, I had looked at several homes with 3 other agents for almost a year. Within 2 months of working with Jeffry, we found the home that I had been looking for and was the perfect fit.”
Berkshire Hathaway Home Services Chicago
“John Campobasso was great to work with in selling our unit. He was professional, knowledgeable, and guided us through every step of the process. We really appreciated how upfront and straightforward he was. He always gave us honest feedback and clear expectations. He made the whole experience feel smooth and much less stressful than we anticipated. We’re so glad we worked with him and would definitely recommend his services to anyone looking to buy or sell.”
Keller Williams Thrive Realty
Frequently Asked Questions
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There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Springfield. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.
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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Springfield Realtor® or real estate agent today.