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Springfield Market Report

$341,932

AVERAGE PRICE OF 698 HOMES

$2,121,695

AVERAGE PRICE OF 39 MULTI-MILLION DOLLAR HOMES

$398,097

AVERAGE PRICE OF 21 NEWLY BUILT HOMES

$419,103

AVERAGE PRICE OF 27 HOMES WITH A POOL

$213,376

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

$74,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $341,932
Avg Bedrooms 1.77 beds
Avg Bathrooms 1.16 baths

Average Price by Bedrooms

1 bedroom $62,828
2 bedrooms $112,673
3 bedrooms $143,276
4 bedrooms $349,481
5 bedrooms $432,945
Springfield Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 700 729 734 n/a n/a
Average Price $343,134 $339,106 $333,062 n/a n/a
Avg Price Change +1.19% +1.81% n/a n/a n/a
Median Price $174,756 $165,613 $168,498 n/a n/a
Med Price Change +5.52% -1.74% n/a n/a n/a
Avg Bedrooms 1.49 beds 1.19 beds 1.45 beds n/a n/a
Avg Bathrooms .97 bath .71 bath .92 bath n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Chatham District #5 50 $381,551 44 days
Lanphier High School 23 $106,356 43 days
New Berlin District #16 25 $132,688 63 days
Springfield 27 $230,637 35 days
Springfield District #186 295 $177,609 47 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 698 $341,932 89 days
Multi-Million Dollar Homes 39 $2,121,695 122 days
Newly Built Homes 21 $398,097 65 days
Homes with a Pool 27 $419,103 40 days
Reduced Price Homes 13 $213,376 48 days
Distressed Homes 1 $74,900 247 days
The Real Estate Group Inc.
3701 W. Wabash Ave.
Springfield, IL 62711
217-787-7000

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