Springfield, IL metro area Housing Market Brief
metro · as of May 2026
What is Springfield, IL metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Springfield, IL metro area in its market cycle?
Springfield, IL metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Springfield, IL metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $210K | ▲ +1.5% |
| Median Days on Market | 7 days | ▼ -22.2% |
| Months of Supply | 0.9 | ▼ -18.2% |
| Homes for Sale | 239 | ▼ -12.1% |
| Homes Sold | 269 | ▲ +4.7% |
| Median Price / Sq Ft | $118 | ▲ +4.5% |
| Sale-to-List Ratio | 100.6% | ▲ +0.3% |
How has Springfield, IL metro area’s Alpha Score moved?
Markets like Springfield, IL metro area
- Talladega, AL metro areametro59
- Midland, MI metro areametro60
- Meadville, PA metro areametro58
- Wichita Falls, TX metro areametro60
- Springfield, OH metro areametro56
- Decatur, IL metro areametro61
- Bay City, MI metro areametro55
- New Castle, PA metro areametro63
- Paducah, KY metro areametro55
- Marion, IN metro areametro58
Frequently asked questions
Is Springfield, IL metro area a buyer's or seller's market?
As of May 2026, Springfield, IL metro area is classified as a Balanced Market, based on its Alpha Score of 59 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Springfield, IL metro area?
The median sale price in Springfield, IL metro area is $210K, having risen 1.5% over the past year.
How affordable is Springfield, IL metro area?
Springfield, IL metro area scores 90 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Springfield, IL metro area's Alpha Score?
Springfield, IL metro area's strongest dimension is Affordability (90/100) and its weakest is Economic Strength (50/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Springfield, IL metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.