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Foreclosure Homes in Springfield, IL 62704

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Springfield, IL Foreclosures

Current Market Conditions in in Springfield, IL As of June 2026?
Home values: +0.25% MoM; rent: +0.00% MoM.
How much do homes sell for in Springfield, IL?
The average home price is currently $216,431.
In Springfield, IL, how many homes are available?
There are currently 710 active home listings available in Springfield.
What’s the average rental cost in Springfield, IL?
The average rental price in Springfield is $1,146.
What is the most expensive home in Springfield?
The most expensive home sold in Springfield had a price of $60,362,600.
What is currently the cheapest priced home in Springfield, IL?
The cheapest home for sale in Springfield is priced at $10,007.

Living in Springfield, IL

Springfield, Illinois is a capital-city market with government, healthcare, education, and historic tourism drivers, offering a broad mix of affordable homes, established neighborhoods, and long-term rental potential.

Buyer vs Seller Market in Springfield, IL

Median home value: $161,000 as of 2026-05-14.

Median rent: $1,090 as of 2026-05-14.

Home values: +0.25% MoM, +9.73% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Springfield, IL

There are currently 52,421 real estate properties in Springfield, IL, with a median automated valuation model (AVM) price of $161,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Springfield, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Springfield, IL, is $216,431.00, with the most expensive house in Springfield, IL, topping out at $60,362,600.00 and the cheapest home in Springfield, IL, clocking in at $10,007.00. In other words, there’s something for every potential homebuyer or savvy investor in Springfield, IL!

Rent Prices In Springfield, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, IL, is on a rollercoaster ride. The average rent price in Springfield, IL, is $1,146.00. Indeed, when looking to rent in Springfield, IL, you can expect to pay as little as $500.00 or as much as $2,380.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Springfield, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Springfield, IL 62704 Foreclosures

Market Trend for Springfield, IL

Total Listings Available: 710

Market Values:

Home Prices from $10,007 to $60,362,600

Average Sales Price: $216,431

Rental Values:

Rental from $500 to $2,380

Average Rent Value: $1,146 / month

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