Is Springfield, IL 62791 a buyer’s or seller’s market?
Springfield is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Springfield housing market right now
In the three months ending August 31, 2026, 100% of homes in Springfield, IL 62791 sold above their list price and the typical home went under contract in 3 days. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (77 days then) and the median sale price fell 21% to $199,913. Overall, Springfield is more competitive than a year ago, so tougher for buyers.
Run the numbers for 62791
Where Springfield is
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Questions about Springfield real estate
How fast do homes sell in Springfield?
The typical home went under contract in 3 days in the latest three months.
Do homes in Springfield sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 101.6% of the list price.
What is the median home price in Springfield?
The median sale price was $199,913 in the three months ending August 31, 2026, about $110 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology