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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

$374,073

AVERAGE PRICE OF 576 HOMES

$2,333,525

AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES

$455,819

AVERAGE PRICE OF 12 NEWLY BUILT HOMES

$411,215

AVERAGE PRICE OF 13 HOMES WITH A POOL

$743,257

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $374,073
Avg Bedrooms 2.05 beds
Avg Bathrooms 1.3 baths

Average Price by Bedrooms

1 bedroom $61,600
2 bedrooms $114,254
3 bedrooms $169,252
4 bedrooms $370,357
5 bedrooms $467,476
Springfield Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 574 591 626 693 750
Average Price $362,254 $361,761 $374,266 $360,640 $359,247
Avg Price Change +0.14% -3.46% +3.78% +0.39% +10.09%
Median Price $171,467 $172,669 $179,739 $174,803 $172,097
Med Price Change -0.70% -4.09% +2.82% +1.57% +1.79%
Avg Bedrooms 2.03 beds 2.3 beds 2.1 beds 1.58 beds 2.3 beds
Avg Bathrooms 1.49 baths 1.66 baths 1.36 baths .93 bath 1.55 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Pleasant Plains High School 1 $334,900 61 days
Springfield District #186 189 $214,717 171 days
Total Homes Average Price Avg Days on Site
All Homes 576 $374,073 197 days
Multi-Million Dollar Homes 37 $2,333,525 216 days
Newly Built Homes 12 $455,819 145 days
Homes with a Pool 13 $411,215 72 days
Reduced Price Homes 7 $743,257 53 days
Based on information submitted to the MLS GRID as of March 5, 2026 11 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 March 5, 2026 11 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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