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Springfield

Why you'd want to live in Springfield

As the largest city in central Illinois, with a population of 117,000, Springfield is best known for being the home of our 16th President Abraham Lincoln and the place where President Barack Obama spent his early career in politics. Springfield is truly rich with history while maintaining a progressive and strong business environment. Conveniently located on Interstate Highways 55 and 72, Springfield is in close proximity to St. Louis to the south; Chicago to the north and Indianapolis to the east. This central location gives Springfield a reach of over 536,000 people within a 40 mile radius. In addition to Interstate access, five class I railroads and two short line railroads serve the city and Sangamon County, providing direct shipment to major markets throughout the United States. Springfield's Abraham Lincoln Capital Airport is three miles northwest of the City's downtown and is a full service provider that accommodates both passenger as well as freight services. Springfield's medical and health care sectors are a core industry for central Illinois. Hospital Sisters Health System (HSHS) and Memorial Health Systems are our two main providers. HSHS St. John's Hospital and Memorial Medical Center are currently undergoing major expansions. The community is also home to Springfield Clinic; Prairie Heart Institute; Prairie Education and Research Cooperative; Southern Illinois School of Medicine (SIU); Simmons Cancer Institute; along with St. John's School of Nursing and the University of Illinois at Springfield's nursing program. Springfield is a regional provider of health care services. An example of the confidence that our medical community has in this central location is the 2015 opening of Memorial Medical Center's 72,000-square-foot, four-story Center for Learning and Innovation. As only one of six in the nation, the Center houses a state-of-the-art Simulation Center, providing learners with the opportunity to develop their skills through simulation and skills training. via Homes for Sale in Springfield

Springfield Market Report

$317,913

AVERAGE PRICE OF 778 HOMES

$2,210,201

AVERAGE PRICE OF 40 MULTI-MILLION DOLLAR HOMES

$497,440

AVERAGE PRICE OF 7 NEWLY BUILT HOMES

$386,785

AVERAGE PRICE OF 14 HOMES WITH A POOL

$373,535

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $317,913
Avg Bedrooms 1.64 beds
Avg Bathrooms 1.08 baths

Average Price by Bedrooms

1 bedroom $51,244
2 bedrooms $120,761
3 bedrooms $182,355
4 bedrooms $326,158
5 bedrooms $492,846
Springfield Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 795 745 714 663 594
Average Price $314,187 $304,843 $308,361 $329,655 $343,317
Avg Price Change +3.07% -1.15% -6.91% -4.14% -0.53%
Median Price $164,048 $158,561 $155,715 $151,206 $160,037
Med Price Change +3.46% +1.83% +2.98% -5.84% -0.09%
Avg Bedrooms 1.22 beds 1.5 beds 1.72 beds 1.35 beds 1.42 beds
Avg Bathrooms .84 bath 1.18 baths 1.3 baths 1 baths .87 bath
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Springfield District #186 309 $192,777 155 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 778 $317,913 213 days
Multi-Million Dollar Homes 40 $2,210,201 285 days
Newly Built Homes 7 $497,440 85 days
Homes with a Pool 14 $386,785 24 days
Reduced Price Homes 23 $373,535 41 days
The Real Estate Group Inc.
3701 W. Wabash Ave.
Springfield, IL 62711
217-787-7000

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