Is Springfield, IL 62707 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 0.6 months of supply and 64% 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.
Months of supply0.6Under 4 months = seller’s market
Sold above original list64%Share of sales, last 3 months
Median sale-to-list101.6%Sold price ÷ list price
Median days on market3Listing to accepted offer
Median price per sq ft$142▲ +11.1% vs. last year
Run the numbers for 62707
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 →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology