Is the housing market slowing down in Springfield, IL?
No real change. 269 homes sold in Springfield, IL during May 2026, against 257 in the same months a year earlier. That gap is small enough to be ordinary month-to-month variation rather than a trend.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
We call this unchanged deliberately. The difference between 269 and 257 sales is inside the range that a normal month produces on its own, so calling it a decline or a recovery would be reading a story into noise.
The longer view, all measured over the May window so the season is held constant: 275 homes sold two years ago, 257 last year, 269 now. Across two years the level has held roughly steady.
What is on the shelf next to what is selling: 239 homes were on the market in Springfield, IL, and 269 sold. At that pace it would take about 0.9 months to clear them all. There are more buyers than homes for sale. Sellers have the edge.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Springfield, IL area, through May 2026.
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More about the Springfield, IL market
- When is the best month to sell a house in Springfield, IL?
- How long does it take to sell a house in Springfield, IL?
- Do homes sell above asking price in Springfield, IL?
- Are home prices going up or down in Springfield, IL?
- Is Springfield, IL a buyer's market or a seller's market?
- Are sellers cutting prices in Springfield, IL?
- What is the average home price in Springfield, IL?
- How many homes are for sale in Springfield, IL?
- All Springfield, IL housing numbers
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Figures come from Redfin's published market data for the Springfield, IL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.