Springfield, IL 62703 Real Estate & Property Data

Springfield, IL 62703 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 559 residential properties have been sold over the past 12 months in 62703. With a median sales price of $125,000 in 62703 and a total of 2 foreclosures in Springfield, IL 62703. Discover market trends and get the granular level real estate data for Springfield, IL 62703 to keep your pulse on the housing market. Curate compelling home reports for Springfield, IL 62703 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Springfield, IL 62703 Real Estate Market Trends
Total Residential Properties 10,483
Total Commercial Properties 1,911
Avg. Home Age (Single Family Home) N/A
Avg. Square Feet (Single Family Home) N/A
Total 2025 Residential Sales (year-to-date) 233
% of Homes Seriously Underwater (Q3 2025) 2.92%
Total 2024 Residential Sales 542
% of Equity Rich Homes (Q3 2025) 22.47%
Effective 2024 Property Tax 2.04%
Total Foreclosure Filings (year-to-date) 16
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Springfield, IL 62703 Real Estate Overview

There were 559 residential properties sold in the past year in Springfield, IL 62703. The median home value in Springfield, IL 62703 is $91,847. There are a total of 10,483 residential properties in the 62703.

Median Sales Price i
$125,000
(Jun 2025)
+38.9%
year-over-year
y-o-y
  • June '25 Jun '25 $125,000
  • May '25 May '25 $93,750
  • April '25 Apr '25 $106,250
  • March '25 Mar '25 $87,000
  • February '25 Feb '25 $145,000
  • January '25 Jan '25 $112,000
  • December '24 Dec '24 $88,500
  • November '24 Nov '24 $123,000
  • October '24 Oct '24 $100,750
  • September '24 Sep '24 $115,000
  • August '24 Aug '24 $115,000
  • July '24 Jul '24 $110,000
Median Down Payment i
$10,750
(Jun 2025)
+19.4%
year-over-year
y-o-y
  • June '25 Jun '25 $10,750
  • May '25 May '25 $11,500
  • April '25 Apr '25 $9,045
  • March '25 Mar '25 $12,000
  • February '25 Feb '25 $13,330
  • January '25 Jan '25 $12,500
  • December '24 Dec '24 $10,930
  • November '24 Nov '24 $4,700
  • October '24 Oct '24 $10,952
  • September '24 Sep '24 $15,000
  • August '24 Aug '24 $13,400
  • July '24 Jul '24 $16,000
Number of Homes Sold i
38
(Jun 2025)
-26.9%
year-over-year
y-o-y
  • June '25 Jun '25 38
  • May '25 May '25 45
  • April '25 Apr '25 43
  • March '25 Mar '25 46
  • February '25 Feb '25 26
  • January '25 Jan '25 35
  • December '24 Dec '24 46
  • November '24 Nov '24 32
  • October '24 Oct '24 39
  • September '24 Sep '24 46
  • August '24 Aug '24 47
  • July '24 Jul '24 64
Number of Purchase Loans i
35
(Jun 2025)
+2.9%
year-over-year
y-o-y
  • June '25 Jun '25 35
  • May '25 May '25 41
  • April '25 Apr '25 37
  • March '25 Mar '25 29
  • February '25 Feb '25 25
  • January '25 Jan '25 20
  • December '24 Dec '24 37
  • November '24 Nov '24 22
  • October '24 Oct '24 33
  • September '24 Sep '24 35
  • August '24 Aug '24 33
  • July '24 Jul '24 49
Number of REFI Loans i
33
(Jun 2025)
+94.1%
year-over-year
y-o-y
  • June '25 Jun '25 33
  • May '25 May '25 24
  • April '25 Apr '25 39
  • March '25 Mar '25 20
  • February '25 Feb '25 12
  • January '25 Jan '25 19
  • December '24 Dec '24 21
  • November '24 Nov '24 25
  • October '24 Oct '24 27
  • September '24 Sep '24 9
  • August '24 Aug '24 49
  • July '24 Jul '24 27
Number of HELOC Loans i
14
(Jun 2025)
+75%
year-over-year
y-o-y
  • June '25 Jun '25 14
  • May '25 May '25 15
  • April '25 Apr '25 19
  • March '25 Mar '25 20
  • February '25 Feb '25 7
  • January '25 Jan '25 13
  • December '24 Dec '24 10
  • November '24 Nov '24 4
  • October '24 Oct '24 24
  • September '24 Sep '24 15
  • August '24 Aug '24 11
  • July '24 Jul '24 19

Springfield, IL 62703 Foreclosure Activity

There were a total of 2 Springfield, IL 62703 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i
2
(Jun 2025)
+100%
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 9
  • April '25 Apr '25 N/A
  • March '25 Mar '25 1
  • February '25 Feb '25 3
  • January '25 Jan '25 1
  • December '24 Dec '24 2
  • November '24 Nov '24 3
  • October '24 Oct '24 1
  • September '24 Sep '24 3
  • August '24 Aug '24 1
  • July '24 Jul '24 4
Completed Foreclosures (REOs) i
1
(Jun 2025)
  • June '25 Jun '25 1
  • May '25 May '25 N/A
  • April '25 Apr '25 2
  • March '25 Mar '25 1
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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