Springfield, Illinois Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Springfield, Illinois
31 ZIPs in this city:
62701
62702
62703
62704
62705
62706
62707
62708
62711
62712
62715
62716
62719
62722
62723
62726
62736
62739
62756
62757
62762
62763
62764
62765
62766
62767
62769
62776
62781
62791
62796
Market Hotness
85
Hotness Rank
--
Hotness Score
85
Supply Score
84
Demand Score
85
DOM vs US
-20.1%
Faster
Price vs US
51%
Below avg
Median Listing Price
$231K
Population
137,282
Households
93,382
Median Days on Market
32
Active Listings
159
New Listings
178
Housing Market
Pricing
Median Listing Price
$231K
+15.9% YoY
Average Listing Price
$286K
+16.3% YoY
Price per Sq Ft
$112.484
+7.9% YoY
Median Sq Ft
2,063
+10.6% YoY
Inventory
Active Listings
159
+12.8% YoY
New Listings
178
-6.3% YoY
Total Listings
362
-1.4% YoY
Buyer Competition
Pending Listings
202
-11.8% YoY
Pending Ratio
1.27
-21.8% YoY
Median Days on Market
32
-11.5% YoY
Price Reduced
12.7%
+27.1% YoY
FY2026 Fair Market Rent — Sangamon County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$829
/month
1 BR
$970
/month
2 BR
$1,203
/month
3 BR
$1,611
/month
4 BR
$1,682
/month
FMR Trends — Sangamon County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
41.0
2024
Population
Total Population
137,282
-0.5% YoY
Sangamon County Population
194,345
+0.1% YoY
Households
Total Housing Units
93,382
+0.2% YoY
Age
2024 Age Mix
195K
residents
Under 18
42,640
21.9%
Adults 18–64
114,458
58.7%
65 & Over
37,849
19.4%
Age Composition Over Time
2017–2024
Population Under 18
42,640
-0.8% YoY
Population 65 & Over
37,849
+2.6% YoY
Median Age
41.00
+0.5% YoY
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