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Explore single-family homes in Springfield, IL.
What is the housing market like in Springfield today? In July 2025, Springfield home prices were up 21.2% year-over-year, with a median sale price of $198,748. This remarkable growth shows how quickly the market is strengthening and underscores Springfield’s appeal as an affordable yet appreciating market. Homes are also selling faster, spending a median of 8 days on the market compared to 10 days last year, while sales volume remained steady at 148 homes sold. Together, these trends signal strong demand and continued confidence in Springfield real estate.
Median Sale Price
Number of Homes Sold
Median Days on Market
For buyers, Springfield, IL single-family homes represent one of the strongest value opportunities in the Midwest. With home prices appreciating rapidly yet remaining affordable, buyers can secure spacious, well-built properties at a fraction of what comparable homes cost in larger metro areas. Whether seeking a first home or a long-term residence, acting quickly is key—homes are spending fewer days on the market, and competitively priced listings often attract multiple offers. Partnering with a knowledgeable local agent ensures access to desirable neighborhoods and hidden gems before they’re gone.
For sellers, Springfield’s single-family housing market is highly favorable. Demand continues to outpace supply, allowing well-maintained homes to sell quickly and often above asking price. The city’s growing appeal among families, professionals, and remote workers keeps buyer interest strong year-round. With rising prices and low days on market, now is an ideal time to list your home and capitalize on record-breaking equity gains.
For investors, Springfield’s single-family housing sector offers exceptional long-term potential. The combination of steady population growth, affordable entry prices, and strong rental demand creates reliable cash flow and appreciation prospects. Investors can find opportunities in both move-in-ready homes and value-add properties that cater to Springfield’s expanding tenant base. As one of Illinois’ most stable and affordable housing markets, Springfield continues to deliver a balanced mix of security and growth for residential real estate investors.
Springfield, IL single-family homes for sale are popular because they offer affordability, family-friendly neighborhoods, and a mix of historic charm and modern construction in Illinois’s capital city.
Yes, Springfield single-family homes are a good investment thanks to steady property values, consistent rental demand, and long-term appeal for families and professionals.
Buyers can find ranch homes, two-story colonials, bungalows, and newer builds with open layouts. Many properties also feature large yards and mature trees.
Popular areas include West Side Springfield for newer developments, Leland Grove for upscale living, and neighborhoods near Washington Park for historic character.
Springfield single-family homes are more affordable than those in larger Illinois cities like Chicago, offering buyers more space and value for their budget.
First-time buyers should secure pre-approval, explore local loan programs, and focus on neighborhoods close to schools, parks, and major employers for long-term value.
Yes, many Springfield single-family homes feature historic architecture, especially near downtown and in established neighborhoods, blending character with modern updates.
Springfield offers the perfect blend of state capital sophistication and small-town warmth. Buyers exploring Springfield, IL single-family homes for sale will find friendly neighborhoods, tree-lined streets, and a strong sense of community. Residents enjoy access to local shops, parks, and cultural attractions, creating an inviting environment that balances comfort, convenience, and connection.
As the capital of Illinois, Springfield benefits from a stable economy supported by government, healthcare, education, and manufacturing sectors. This economic balance provides steady job opportunities and financial security for homeowners. With consistent growth and a manageable cost of living, Springfield remains one of the most stable housing markets in the state—ideal for long-term ownership and investment.
Springfield’s highly rated schools and respected universities make it a desirable location for families. The city’s focus on quality education and community involvement supports both academic and personal development for students. Families appreciate access to strong public and private schools, ensuring an excellent foundation for children while enhancing neighborhood property values.
From scenic trails to the beautiful shores of Lake Springfield, residents enjoy a variety of outdoor activities year-round. The city’s parks, golf courses, and country clubs provide plenty of opportunities for recreation and relaxation. Many single-family homes are located near green spaces and lakeside areas, combining the serenity of nature with the convenience of city living.
Centrally located in Illinois, Springfield provides easy access to major cities such as Chicago, St. Louis, and Indianapolis via Interstates 55 and 72. This central location appeals to professionals and families who want connectivity without the congestion of larger metros. Nearby airports, regional employers, and retail centers make Springfield an accessible and well-connected community.
The Springfield, IL single-family home market continues to thrive, with rising prices and limited inventory reflecting strong buyer demand. Attractive affordability, solid economic fundamentals, and quick sales cycles create favorable conditions for both buyers and sellers. Whether you’re purchasing a family home, relocating, or investing, Springfield’s real estate market offers enduring value and long-term stability.
Get to Know Us
The Melissa Dowson Vorreyer Sales Team of Re/Max Professionals is the #1 Remax Team in the Midwest Region. She and her reliable and highly recommended team of Brokers have over 130 years of combined real estate experience. More than any of the other realtors in Springfield IL.
Whether you’re buying or selling, this dynamic team of Springfield IL realtors promises to deliver the best service and marketing available. Each of us are certified Re/Max Realtors and thus belong to one of the best realty franchises in the nation. We are highly motivated and work hard to deliver results for our customers.
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