Springfield, IL Housing Market

Market data powered by Zillow Research. Last updated: 2026-04-02

Springfield, IL is a hot market right now.

  • •Prices are rising rapidly at 8.5% year-over-year — expect competition.

Median Home Value

$190,001

ZHVI

Year-over-Year

+8.5%

Price change

5-Year Change

+32%

Since 2021

State Avg

$281,547

Illinois

Home Value Trends

5-year Zillow Home Value Index for Springfield, IL vs. state and national averages.

Other Markets in Illinois

Chicago, IL$338,685Bloomington, IL$248,377Champaign, IL$226,413Rochelle, IL$217,756Kankakee, IL$215,628Effingham, IL$212,479
← Back to Illinois Market Trends

Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.