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ZIP 62702 in Springfield, IL: housing market trends

The median home sale price in ZIP 62702 in Springfield, IL was $130,962 for the three-month period ending September 2026. Sale prices were 1.2% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$130,962
three-month period ending September 2026
Median sale price per sq ft
$100.65
three-month period ending September 2026
Active listings
189
three-month period ending September 2026
Typical monthly rent
$1,196
Rent index · August 2026

How is housing inventory changing?

There were 189 active listings for the three-month period ending September 2026. Active listings were essentially unchanged from the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 6 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 62702 in Springfield, IL
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$130,962$100.65108
Single-familySeptember 2026$134,966$102.59104
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$76,498$69.402 · small sample
Multifamily (2–4 units)September 2026$158,500$85.792 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 62702 in Springfield, IL
MarketMedian sale priceReporting period / source
Grandview, IL$107,9493 months ending September 2026 · Redfin
Springfield, IL$175,000Month ending July 2026 · Zillow
Leland Grove, IL$349,8333 months ending September 2026 · Redfin
Jerome, IL$162,6733 months ending September 2026 · Redfin
Sherman, IL$379,8193 months ending September 2026 · Redfin
Southern View, IL$159,8243 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 62702 in Springfield, IL
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$130,962$100.65189
August 2026$142,500$100.28173
July 2026$134,250$100.56174
June 2026$130,000$98.83164
May 2026$116,500$97.12155
April 2026$116,000$92.86154
March 2026$114,500$91.88148
February 2026$119,900$91.78138
January 2026$123,450$89.51149
December 2025$125,000$91.19154
November 2025$125,000$92.13179
October 2025$127,250$92.96195
September 2025$132,500$94.51189
August 2025$128,000$92.05194
July 2025$125,000$91.45195
June 2025$122,000$87.85173
May 2025$123,000$81.52163
April 2025$115,000$79.29161
March 2025$107,000$78.80158
February 2025$108,450$83.48157
January 2025$115,250$82.38160
December 2024$127,000$86.75159
November 2024$130,000$88.05166
October 2024$135,000$99.10155

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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