(STACKER) – Home prices across the U.S. have remained at record highs for years, driven by a limited supply and a persistent homebuilding shortage. More recently, economic uncertainty has kept more homebuyers on the sidelines, but it’s also discouraged home sellers, further limiting new listings and putting upward pressure on prices. Sellers who are in the market often have to offer incentives to attract offers from buyers—many of whom are wary of how much they can afford.
On the bright side, prices have begun to grow more slowly, and Redfin predicts that housing will become more affordable as wages outpace prices. But so far this year, the housing market has remained very slow, leaving buyers and sellers trying to time their next move.
So, what’s been happening with home prices in Springfield, IL, in 2026, and how do they compare to previous years? Redfin Real Estate analyzed the city’s January-March average median sale price over the last four years to find out. All data represents the three-month average median from January-March 2026, 2025, 2024, 2023, and 2022.
How have house prices changed in: Springfield, IL
2026
- Median sale price: $193,333
- Year-over-year change: +12.8%
- Percent change from 2022: +37.0%
2025
- Median sale price: $171,400
- Year-over-year change: +3.8%
- Percent change from 2022: +21.4%
2024
- Median sale price: $165,150
- Year-over-year change: +9.9%
- Percent change from 2022: +17.0%
2023
- Median sale price: $150,250
- Year-over-year change: +6.4%
- Percent change from 2022: +6.4%
2022
- Median sale price: $141,167
How have house prices changed nationwide?
2026
- Median sale price: $429,526
- Year-over-year change: +1.0%
- Percent change from 2022: +9.3%
2025
- Median sale price: $425,170
- Year-over-year change: +3.3%
- Percent change from 2022: +8.2%
2024
- Median sale price: $411,608
- Year-over-year change: +5.6%
- Percent change from 2022: +4.7%
2023
- Median sale price: $389,707
- Year-over-year change: -0.8%
- Percent change from 2022: -0.8%
2022
- Median sale price: $393,018
This story was produced by Redfin and reviewed and distributed by Stacker.
