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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

$305,396

AVERAGE PRICE OF 764 HOMES

$2,105,575

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$505,894

AVERAGE PRICE OF 17 NEWLY BUILT HOMES

$354,758

AVERAGE PRICE OF 24 HOMES WITH A POOL

$346,731

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $305,396
Avg Bedrooms 2.87 beds
Avg Bathrooms 1.82 baths

Average Price by Bedrooms

1 bedroom $92,188
2 bedrooms $87,864
3 bedrooms $201,028
4 bedrooms $326,979
5 bedrooms $434,807
Springfield Home Price Trends
  10/2024 9/2024 8/2024 7/2024 6/2024
Total Listings 739 787 783 757 776
Average Price $314,616 $311,237 $308,582 $312,206 $316,736
Avg Price Change +1.09% +0.86% -1.17% -1.45% +0.81%
Median Price $166,742 $169,507 $167,672 $166,968 $161,562
Med Price Change -1.66% +1.09% +0.42% +3.35% -1.54%
Avg Bedrooms 1.87 beds 1.43 beds 1.34 beds .99 bed 1.12 beds
Avg Bathrooms 1.06 baths .92 bath .87 bath .64 bath .75 bath
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Springfield District #186 298 $187,984 180 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 764 $305,396 145 days
Multi-Million Dollar Homes 35 $2,105,575 341 days
Newly Built Homes 17 $505,894 95 days
Homes with a Pool 24 $354,758 39 days
Reduced Price Homes 19 $346,731 66 days
The Real Estate Group Inc.
3701 W. Wabash Ave.
Springfield, IL 62711
217-787-7000

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