Springfield, IL 62702 Real Estate & Property Data

Springfield, IL 62702 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 656 residential properties have been sold over the past 12 months in 62702. With a median sales price of $122,000 in 62702. Discover market trends and get the granular level real estate data for Springfield, IL 62702 to keep your pulse on the housing market. Curate compelling home reports for Springfield, IL 62702 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Springfield, IL 62702 Real Estate Market Trends
Total Residential Properties 12,219
Total Commercial Properties 1,587
Avg. Home Age (Single Family Home) N/A
Avg. Square Feet (Single Family Home) N/A
Total 2025 Residential Sales (year-to-date) 275
% of Homes Seriously Underwater (Q3 2025) 2.83%
Total 2024 Residential Sales 581
% of Equity Rich Homes (Q3 2025) 24.67%
Effective 2024 Property Tax 2.05%
Total Foreclosure Filings (year-to-date) 15
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Springfield, IL 62702 Real Estate Overview

There were 656 residential properties sold in the past year in Springfield, IL 62702. The median home value in Springfield, IL 62702 is $104,277. There are a total of 12,219 residential properties in the 62702.

Median Sales Price i
$122,000
(Jun 2025)
-2.4%
year-over-year
y-o-y
  • June '25 Jun '25 $122,000
  • May '25 May '25 $130,000
  • April '25 Apr '25 $123,000
  • March '25 Mar '25 $127,000
  • February '25 Feb '25 $115,000
  • January '25 Jan '25 $135,250
  • December '24 Dec '24 $110,000
  • November '24 Nov '24 $120,000
  • October '24 Oct '24 $145,000
  • September '24 Sep '24 $124,500
  • August '24 Aug '24 $115,000
  • July '24 Jul '24 $122,250
Median Down Payment i
$9,915
(Jun 2025)
-0.8%
year-over-year
y-o-y
  • June '25 Jun '25 $9,915
  • May '25 May '25 $12,080
  • April '25 Apr '25 $12,350
  • March '25 Mar '25 $10,250
  • February '25 Feb '25 $13,800
  • January '25 Jan '25 $16,692
  • December '24 Dec '24 $11,125
  • November '24 Nov '24 $10,342
  • October '24 Oct '24 $12,000
  • September '24 Sep '24 $12,030
  • August '24 Aug '24 $10,892
  • July '24 Jul '24 $9,987
Number of Homes Sold i
57
(Jun 2025)
-5%
year-over-year
y-o-y
  • June '25 Jun '25 57
  • May '25 May '25 39
  • April '25 Apr '25 52
  • March '25 Mar '25 61
  • February '25 Feb '25 34
  • January '25 Jan '25 32
  • December '24 Dec '24 56
  • November '24 Nov '24 43
  • October '24 Oct '24 56
  • September '24 Sep '24 52
  • August '24 Aug '24 50
  • July '24 Jul '24 64
Number of Purchase Loans i
50
(Jun 2025)
+4.2%
year-over-year
y-o-y
  • June '25 Jun '25 50
  • May '25 May '25 42
  • April '25 Apr '25 32
  • March '25 Mar '25 51
  • February '25 Feb '25 22
  • January '25 Jan '25 19
  • December '24 Dec '24 46
  • November '24 Nov '24 30
  • October '24 Oct '24 49
  • September '24 Sep '24 43
  • August '24 Aug '24 45
  • July '24 Jul '24 58
Number of REFI Loans i
22
(Jun 2025)
+83.3%
year-over-year
y-o-y
  • June '25 Jun '25 22
  • May '25 May '25 31
  • April '25 Apr '25 26
  • March '25 Mar '25 14
  • February '25 Feb '25 33
  • January '25 Jan '25 24
  • December '24 Dec '24 26
  • November '24 Nov '24 25
  • October '24 Oct '24 44
  • September '24 Sep '24 31
  • August '24 Aug '24 34
  • July '24 Jul '24 24
Number of HELOC Loans i
12
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 12
  • May '25 May '25 16
  • April '25 Apr '25 14
  • March '25 Mar '25 16
  • February '25 Feb '25 16
  • January '25 Jan '25 17
  • December '24 Dec '24 15
  • November '24 Nov '24 11
  • October '24 Oct '24 18
  • September '24 Sep '24 20
  • August '24 Aug '24 22
  • July '24 Jul '24 13

Springfield, IL 62702 Foreclosure Activity

Total Foreclosure Filings i
  • June '25 Jun '25 N/A
  • May '25 May '25 2
  • April '25 Apr '25 3
  • March '25 Mar '25 4
  • February '25 Feb '25 N/A
  • January '25 Jan '25 6
  • December '24 Dec '24 3
  • November '24 Nov '24 1
  • October '24 Oct '24 6
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 1
Completed Foreclosures (REOs) i
  • June '25 Jun '25 N/A
  • May '25 May '25 1
  • April '25 Apr '25 2
  • March '25 Mar '25 1
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 4
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