Is Springfield, IL 62702 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 1.4 months of supply and 48% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score89/ 100
More competitive than 94% of U.S. ZIP codes, and #21 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply1.4Under 4 months = seller’s market
Sold above original list48.2%Share of sales, last 3 months
Median sale-to-list100.4%Sold price ÷ list price
Median days on market5Listing to accepted offer
Median price per sq ft$100▲ +9.0% vs. last year
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Nearby markets
Auburn 62615Seller’s market $129 /sq ftBuffalo 62515 $107 /sq ftCantrall 62625 $152 /sq ftChatham 62629Seller’s market $149 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology