Springfield, IL seller resources / Market report
Springfield, IL Housing Market and Selling Costs
Use the market measures below as a starting point, then compare listing costs, repairs, carrying time, and a direct cash offer for your own house. We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us. We buy in Springfield and throughout Sangamon County.
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Housing prices and selling conditions
These measures describe housing prices and selling conditions for the areas and periods shown. Compare them alongside repair costs, your mortgage payoff and selling costs.
| Measure | Value | Source and area | Period |
|---|---|---|---|
| Median sale price | $195,407 | Redfin · Springfield, IL | Three months ending September 2026 |
| Median days on market | 6 days | Redfin · Springfield, IL | Three months ending September 2026 |
| Homes sold | 437 homes | Redfin · Springfield, IL | Three months ending September 2026 |
| Typical home value (Zillow ZHVI) | $174,110 | Zillow · Springfield, IL | As of September 2026 |
| For-sale inventory | 336 homes | Zillow · Springfield, IL | As of September 2026 |
Include utilities, other bills and any mortgage payments while waiting to sell. Allow time for closing, too.
What the numbers mean for your house
A city-wide median or typical value is context, not a price for your particular house. Size, condition, needed repairs, access, and the terms of a sale can make your property different from the homes represented in a market measure.
A tenant in place may affect access and timing; repairs and cleanout can add cost if you list. The bills you carry while you wait can also affect the comparison.
Illinois transfer taxes and closing costs
For a taxable transfer, Illinois charges 50 cents for each $500 of taxable value, or part of $500. The state tax alone is $100 on $100,000 of taxable value. A county may add 25 cents per $500, and some cities impose their own transfer tax. Exemptions and taxable value can change the amount; the property's actual county and city determine which local taxes apply.
When you sell to us, we pay the closing costs, including the Illinois state, county and city transfer taxes. This does not pay your mortgage, liens, back taxes, or your share of current property taxes.
Sources: Illinois Department of Revenue transfer-tax information · Illinois statute on the state transfer tax
What you may keep after the sale
The sale price is not the amount left in your pocket. Compare a realistic sale price or written offer with mortgage payoff, liens, taxes owed, repairs and cleanout, other selling costs, and utilities or other bills while you wait. When comparing a listing, include any commission and the time you expect to carry the property. No agent commissions when you sell to us.
The calculator is for planning, not an offer: Just an estimate — the actual number could be more or less depending on the home's condition.
Compare what you may keep with the Springfield home-sale calculator →Springfield market report questions
Does Springfield's median sale price tell me what my house is worth?
No. A city-wide measure describes sales in the place and period shown; it does not price a particular address. Condition, repairs, occupancy, and timing can all change your comparison.
What transfer taxes apply when a Springfield home sells?
For a taxable transfer, Illinois charges 50 cents for each $500 of taxable value, or part of $500. A county may add 25 cents per $500, and some cities have their own transfer taxes. The actual amount depends on the property’s jurisdiction, taxable value, and any exemption.
How do I compare the sale price with what I may keep?
Start with a realistic sale price or written offer, then account for your mortgage payoff, liens, taxes you owe, selling costs, repair or cleanout costs, and bills while you wait. The calculator on this page lets you change planning assumptions.
Can I sell a house that needs work?
We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us. Share the condition and timing you are weighing so you can compare your options.
What our sellers say
“LISTEN, PROPERTY TAXES GOT TOO HIGH FOR MY FIXED INCOME. SOLD IT TO THEM. WALKED AWAY WITH CASH. GLAD IT'S OVER.”
“Facing foreclosure ... Very stressful time... They handled it professionally and got me out of the debt...”
“no open houses. no realtors tracking dirt in. just a straight cash sale for our house so we could move. Glad it's over.”
Prices, timing and your selling options
Home prices in Springfield
Homes in Springfield, IL sold for a median of $195,407 for the three months ending September 2026 (Redfin). Repairs and condition affect what someone will pay for your house. Homes in Springfield, IL spent a median of 6 days on the market for the three months ending September 2026 (Redfin). You still have bills while waiting to sell, including utilities and any mortgage payments. Allow time for closing, too.