Springfield, IL 62707 Real Estate Market Analysis | dynamic.RE
dynamic.RE
Search
Portfolio
Market Analysis
Areas
Analyze
Select a state…
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
No cities
Compare
Market Snapshot
Housing Market
Demand Fundamentals
Springfield, IL — 62707
Median Listing Price
$351K
Population
7,472
Households
93,382
Median Days on Market
40
Active Listings
3
New Listings
4
Housing Market
Pricing
Median Listing Price
$351K
+52.7% YoY
Average Listing Price
$338K
+30.2% YoY
Price per Sq Ft
$115
-8.8% YoY
Median Sq Ft
3,114
+40.3% YoY
Inventory
Active Listings
3
-40.0% YoY
New Listings
4
0.0% YoY
Total Listings
14
+3.7% YoY
Buyer Competition
Pending Listings
10
+17.6% YoY
Pending Ratio
3.33
+163.3% YoY
Median Days on Market
40
-15.9% YoY
Price Reduced
9.1%
-2.7% 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
ZIP Population
7,472
-8.5% 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
dynamic.RE