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Is Springfield, IL 62704 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Springfield is a seller’s market. With about 0.8 months of supply and 44% 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 score91/ 100

More competitive than 96% of U.S. ZIP codes, and #13 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 supply0.8Under 4 months = seller’s market
Sold above original list44.3%Share of sales, last 3 months
Median sale-to-list101.9%Sold price ÷ list price
Median days on market4Listing to accepted offer
Median price per sq ft$112▲ +1.3% vs. last year

Run the numbers for 62704

Prefilled for 62704Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62704Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 →

More tools for 62704

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology