Springfield, IL 62702 Real Estate & Property Data

Springfield, IL 62702 Real Estate Market Trends
Last Updated: April 20, 2024

A total of 674 residential properties have been sold over the past 12 months in 62702. With a median sales price of $107,000 in 62702 and a total of 5 foreclosures in Springfield, IL 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 12,470
Total Commercial Properties 1,633
Avg. Home Age (Single Family Home) N/A
Avg. Square Feet (Single Family Home) N/A
Total 2024 Residential Sales (year-to-date) 66
% of Homes Seriously Underwater (Q2 2024) 2.25%
Total 2023 Residential Sales 650
% of Equity Rich Homes (Q2 2024) 22.78%
Effective 2023 Property Tax 2%
Total Foreclosure Filings (year-to-date) 7
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Springfield, IL 62702 Real Estate Overview

There were 674 residential properties sold in the past year in Springfield, IL 62702. The median home value in Springfield, IL 62702 is $93,093. There are a total of 12,470 residential properties in the 62702.

Median Sales Price i
$107,000
(Feb 2024)
+37.2%
year-over-year
y-o-y
  • February '24 Feb '24 $107,000
  • January '24 Jan '24 $115,000
  • December '23 Dec '23 $121,250
  • November '23 Nov '23 $111,250
  • October '23 Oct '23 $112,000
  • September '23 Sep '23 $110,000
  • August '23 Aug '23 $111,500
  • July '23 Jul '23 $125,000
  • June '23 Jun '23 $115,000
  • May '23 May '23 $92,500
  • April '23 Apr '23 $95,500
  • March '23 Mar '23 $89,000
Median Down Payment i
$11,000
(Feb 2024)
+6.8%
year-over-year
y-o-y
  • February '24 Feb '24 $11,000
  • January '24 Jan '24 $11,900
  • December '23 Dec '23 $10,500
  • November '23 Nov '23 $8,925
  • October '23 Oct '23 $10,750
  • September '23 Sep '23 $18,227
  • August '23 Aug '23 $5,650
  • July '23 Jul '23 $9,825
  • June '23 Jun '23 $12,593
  • May '23 May '23 $7,705
  • April '23 Apr '23 $9,600
  • March '23 Mar '23 $6,450
Number of Homes Sold i
35
(Feb 2024)
-25.5%
year-over-year
y-o-y
  • February '24 Feb '24 35
  • January '24 Jan '24 31
  • December '23 Dec '23 49
  • November '23 Nov '23 38
  • October '23 Oct '23 54
  • September '23 Sep '23 46
  • August '23 Aug '23 67
  • July '23 Jul '23 51
  • June '23 Jun '23 65
  • May '23 May '23 62
  • April '23 Apr '23 57
  • March '23 Mar '23 72
Number of Purchase Loans i
28
(Feb 2024)
+21.7%
year-over-year
y-o-y
  • February '24 Feb '24 28
  • January '24 Jan '24 26
  • December '23 Dec '23 51
  • November '23 Nov '23 37
  • October '23 Oct '23 39
  • September '23 Sep '23 41
  • August '23 Aug '23 60
  • July '23 Jul '23 45
  • June '23 Jun '23 59
  • May '23 May '23 65
  • April '23 Apr '23 48
  • March '23 Mar '23 64
Number of REFI Loans i
25
(Feb 2024)
+212.5%
year-over-year
y-o-y
  • February '24 Feb '24 25
  • January '24 Jan '24 348
  • December '23 Dec '23 18
  • November '23 Nov '23 19
  • October '23 Oct '23 23
  • September '23 Sep '23 25
  • August '23 Aug '23 29
  • July '23 Jul '23 25
  • June '23 Jun '23 14
  • May '23 May '23 19
  • April '23 Apr '23 16
  • March '23 Mar '23 20
Number of HELOC Loans i
17
(Feb 2024)
+88.9%
year-over-year
y-o-y
  • February '24 Feb '24 17
  • January '24 Jan '24 12
  • December '23 Dec '23 17
  • November '23 Nov '23 17
  • October '23 Oct '23 17
  • September '23 Sep '23 28
  • August '23 Aug '23 17
  • July '23 Jul '23 17
  • June '23 Jun '23 27
  • May '23 May '23 16
  • April '23 Apr '23 16
  • March '23 Mar '23 18

Springfield, IL 62702 Foreclosure Activity

There were a total of 5 Springfield, IL 62702 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
5
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 5
  • January '24 Jan '24 2
  • December '23 Dec '23 2
  • November '23 Nov '23 9
  • October '23 Oct '23 3
  • September '23 Sep '23 1
  • August '23 Aug '23 3
  • July '23 Jul '23 6
  • June '23 Jun '23 2
  • May '23 May '23 5
  • April '23 Apr '23 3
  • March '23 Mar '23 5
Completed Foreclosures (REOs) i
2
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 2
  • December '23 Dec '23 1
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 1
  • August '23 Aug '23 2
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 5
  • April '23 Apr '23 N/A
  • March '23 Mar '23 4
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