Springfield, Illinois Mid-year Housing Market Review

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Springfield, Illinois mid-year housing market review

Seven months into 2026, the housing market is showing signs of from the pandemic-era frenzy that drained supply, pushed prices to record highs, and brought activity to a standstill. Buyers have more homes to choose from than they did at the start of the year, competition in a few slower markets, and price growth has remained relatively modest. Affordability is still a and is limiting activity, though.

But not all markets are seeing the same trends. Some cities in the Midwest, Northeast, and Bay Area have become and as buyers fight over a dwindling inventory. On the other end of the spectrum, many cities in the Sun Belt have as buyers from previously overheated prices and , leaving listings sitting for months.

Let's take a look at how the market is doing as we enter the second half of 2026. How have prices changed? How many homes are selling? took a look at several metrics, such as median sale price, active listings, days on market, and more to help buyers and sellers navigate the housing market today.

Metro-level data is not seasonally adjusted and represents the average monthly median for January-June 2026. National-level data is seasonally adjusted except for median sale price.

Mid-year housing market trends: Springfield