Springfield, IL

Median sale price · 2026-05

$188K

+3.6% year-over-year

Rolling 3-month median sale price vs. same 3 months one year prior.

Strength 4 / 5

101.9%

Chatham sale-to-list broke above 1.0 — 101.9%

Typical closed deal is now clearing at or over list price; sellers have regained pricing leverage in the last month.

Strength 4 / 5

$178K

Springfield median price -8.0% YoY

Price-per-sqft also -5.5% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

3 listings

Sherman new listings -50.0% vs. 5-year average for this month

Far fewer sellers are listing than is typical for this month — the scarcity tends to harden prices and compress DOM on whatever does come to market.

Strength 4 / 5

9 listings

Rochester new listings +80.0% vs. 5-year average for this month

Sellers are putting materially more inventory on the market than is typical for this time of year — buyers should see more selection and less urgency on well-located homes.

Strength 4 / 5

27 days

Springfield homes taking 27 days to sell — +50.0% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.