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Springfield, IL housing market

Housing market indicators

Indicator 2022202320242025* Change202220232024YTD
Median Listing Price per Square Feet $98 $104 $107 $114 25.6% 6.1% 2.9% 6.5%
Active Listing Count 221 193 256 256 6.3% -12.7% 32.6% 0%
Median Days on Market 45 49 46 36 -10% 8.9% -6.1% -21.7%
Share of listings with price increase 0.2% 0.1% 0.2% 0.2%
Share of listings with price decrease 9.6% 10.6% 12.5% 13.2%

* last available value

Home prices

Short term housing supply drivers

Long term housing demand drivers

Long term housing supply drivers




Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED


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