SPRINGFIELD Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Springfield averaged
6.62%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
6.8% and
one month ago for the week of 2023-02-16, the
average rate was 6.32%.
Springfield's average rate one year ago was 4.15%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.49%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
Springfield 30 Year Fixed Rate | 2023-03-23 | 6.62% |
Springfield 30 Year Fixed Rate Refi | 2023-03-23 | 6.49% |
Springfield 15 Year Fixed Rate | 2023-03-23 | 5.98% |
Springfield 15 Year Fixed Rate Refi | 2023-03-23 | 5.71% |
Springfield 30 Year FHA | 2023-03-23 | 6.35% |
Springfield 30 Year FHA Refi | 2023-03-23 | 6.33% |
Springfield 30 Year USDA | 2023-03-23 | 6.11% |
Springfield 30 Year USDA Refi | 2023-03-23 | 5.93% |
Springfield 30 Year VA | 2023-03-23 | 6.19% |
Springfield 30 Year VA Refi | 2023-03-23 | 5.78% |
SPRINGFIELD Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the SPRINGFIELD, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
SPRINGFIELD Average Closing Costs & Other Stats
SPRINGFIELD, IL's 108 lenders originated 5,119
loans during 2022. The total origination value was $815,165,000, with an average loan value of
$159,243.
SPRINGFIELD's average closing costs are $2,791.
The top SPRINGFIELD lender as defined by loan originations is INB, with
260 loans originated. Their average total fees are
$2,062, which is $155
lower than the next largest lender,
Bank of Springfield.
The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are
CITIZENS EQUITY FIRST ($1,425), Prairie State Bank and Trust ($1,796), Alliance Community Bank ($1,818), United Community Bank ($1,837) and HEARTLAND ($1,932).
The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are
The Huntington National Bank (4.38%), DIAMOND RESIDENTIAL MORTGAGE CORPORATION (4.41%), Alliance Community Bank (4.43%), LOANDEPOT.COM, LLC (4.57%) and HEARTLAND (4.77%).
SPRINGFIELD, IL Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
INB | $131,330,000 | $93,115,000 | -29.1% | 11.4% |
Bank of Springfield | $149,705,000 | $83,500,000 | -44.2% | 10.2% |
United Community Bank | $119,480,000 | $61,580,000 | -48.5% | 7.6% |
Marine Bank | $112,310,000 | $45,175,000 | -59.8% | 5.5% |
Town & Country Banc Mortgage Services, Inc. | $64,280,000 | $35,450,000 | -44.9% | 4.3% |
FLAT BRANCH MORTGAGE, INC. | $40,090,000 | $32,545,000 | -18.8% | 4.0% |
Warren-Boynton State Bank | $15,100,000 | $31,255,000 | 107.0% | 3.8% |
CITIZENS EQUITY FIRST | $20,125,000 | $30,740,000 | 52.7% | 3.8% |
HEARTLAND | $56,405,000 | $27,645,000 | -51.0% | 3.4% |
QUICKEN LOANS, LLC | $47,410,000 | $21,230,000 | -55.2% | 2.6% |
Alliance Community Bank | $33,870,000 | $21,135,000 | -37.6% | 2.6% |
PNC Bank | $28,450,000 | $19,655,000 | -30.9% | 2.4% |
NORTHMARQ CAPITAL FINANCE, L.L.C. | $19,295,000 | n/a | 2.4% | |
Prairie State Bank and Trust | $42,400,000 | $18,615,000 | -56.1% | 2.3% |
Carrollton Bank | $32,120,000 | $18,230,000 | -43.2% | 2.2% |
Cedar Rapids Bank and Trust Company | $15,700,000 | n/a | 1.9% | |
U.S. Bank | $21,790,000 | $12,520,000 | -42.5% | 1.5% |
Mortgage Research Center, LLC | $10,585,000 | $12,340,000 | 16.6% | 1.5% |
West Central Bank | $11,590,000 | $12,295,000 | 6.1% | 1.5% |
Bank & Trust Company | $17,120,000 | $9,345,000 | -45.4% | 1.1% |
JPMorgan Chase Bank | $10,100,000 | $8,900,000 | -11.9% | 1.1% |
Security Bank, s.b. | $29,740,000 | $8,730,000 | -70.6% | 1.1% |
Hickory Point Bank and Trust | $12,705,000 | $8,350,000 | -34.3% | 1.0% |
Petefish, Skiles & Co. | $11,950,000 | $7,410,000 | -38.0% | 0.9% |
Arbor Realty Trust, Inc. | $7,005,000 | n/a | 0.9% | |
Wells Fargo Bank | $11,770,000 | $6,525,000 | -44.6% | 0.8% |
Williamsville State Bank & Trust | $6,935,000 | $6,170,000 | -11.0% | 0.8% |
DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $22,420,000 | $5,855,000 | -73.9% | 0.7% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $5,675,000 | n/a | 0.7% | |
The Huntington National Bank | $3,590,000 | $5,310,000 | 47.9% | 0.7% |
First Bankers Trust Company | $2,130,000 | $5,030,000 | 136.2% | 0.6% |
Town and Country Bank | $6,085,000 | $4,650,000 | -23.6% | 0.6% |
BOKF | $4,505,000 | n/a | 0.6% | |
USAA Federal Savings Bank | $3,965,000 | $4,170,000 | 5.2% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $23,710,000 | $3,830,000 | -83.8% | 0.5% |
LEADERONE FINANCIAL CORPORATION | $9,525,000 | $3,815,000 | -59.9% | 0.5% |
Regions Bank | $5,715,000 | $3,690,000 | -35.4% | 0.5% |
LOANDEPOT.COM, LLC | $8,745,000 | $3,050,000 | -65.1% | 0.4% |
FORTE BANK | $2,805,000 | n/a | 0.3% | |
UNITED WHOLESALE MORTGAGE, LLC | $2,620,000 | $2,545,000 | -2.9% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $4,945,000 | $2,540,000 | -48.6% | 0.3% |
NAVY FEDERAL CREDIT UNION | $4,235,000 | $2,490,000 | -41.2% | 0.3% |
Flagstar Bank, FSB | $2,705,000 | $2,305,000 | -14.8% | 0.3% |
GREENSTATE CREDIT UNION | $11,090,000 | $2,305,000 | -79.2% | 0.3% |
Plains Commerce Bank | $3,335,000 | $2,210,000 | -33.7% | 0.3% |
MEMBER FIRST MORTGAGE, LLC | $2,120,000 | $2,115,000 | -0.2% | 0.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,265,000 | $2,075,000 | -8.4% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $1,355,000 | $2,030,000 | 49.8% | 0.2% |
NEWREZ LLC | $2,425,000 | $1,745,000 | -28.0% | 0.2% |
CNB Bank And Trust, N.A. | $4,495,000 | $1,720,000 | -61.7% | 0.2% |
FIRST STATE MORTGAGE SERVICES, LLC | $1,460,000 | $1,710,000 | 17.1% | 0.2% |
GUARANTEED RATE, INC. | $4,670,000 | $1,615,000 | -65.4% | 0.2% |
Barrington Bank & Trust Company, N.A. | $1,845,000 | $1,560,000 | -15.4% | 0.2% |
CALIBER HOME LOANS, INC. | $6,310,000 | $1,525,000 | -75.8% | 0.2% |
BMO Harris Bank | $1,290,000 | $1,480,000 | 14.7% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $4,430,000 | $1,435,000 | -67.6% | 0.2% |
BROKER SOLUTIONS, INC. | $2,865,000 | $1,395,000 | -51.3% | 0.2% |
HOME POINT FINANCIAL CORPORATION | $2,975,000 | $1,375,000 | -53.8% | 0.2% |
NEW DAY FINANCIAL, LLC | $1,985,000 | $1,320,000 | -33.5% | 0.2% |
North American Savings Bank, F.S.B. | $165,000 | $1,240,000 | 651.5% | 0.2% |
Credit Union 1 | $3,355,000 | $1,215,000 | -63.8% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $7,655,000 | $1,210,000 | -84.2% | 0.1% |
Carrington Mortgage Services, LLC | $1,550,000 | $1,125,000 | -27.4% | 0.1% |
Bank of America | $2,145,000 | $1,115,000 | -48.0% | 0.1% |
Busey Bank | $1,110,000 | n/a | 0.1% | |
TrustBank | $300,000 | $1,045,000 | 248.3% | 0.1% |
Illinois State Police Federal Credit Union | $460,000 | $975,000 | 112.0% | 0.1% |
KeyBank | $17,260,000 | $965,000 | -94.4% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $2,135,000 | $925,000 | -56.7% | 0.1% |
Ally Bank | $465,000 | $875,000 | 88.2% | 0.1% |
DAS Acquisition Company, LLC | $1,105,000 | $810,000 | -26.7% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $2,635,000 | $790,000 | -70.0% | 0.1% |
DIGITAL Federal Credit Union | $780,000 | n/a | 0.1% | |
Nations Lending Corporation | $310,000 | $770,000 | 148.4% | 0.1% |
FIRST CHOICE MH LLC | $770,000 | $750,000 | -2.6% | 0.1% |
Waterstone Mortgage Corporation | $220,000 | $750,000 | 240.9% | 0.1% |
Farm Credit Mid-America, ACA | $155,000 | $665,000 | 329.0% | 0.1% |
Stifel Bank and Trust | $725,000 | $665,000 | -8.3% | 0.1% |
AMERICAN ADVISORS GROUP | $455,000 | $640,000 | 40.7% | 0.1% |
First State Bank | $175,000 | $640,000 | 265.7% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $325,000 | $640,000 | 96.9% | 0.1% |
INLAND BANK & TRUST | $620,000 | $620,000 | 0.0% | 0.1% |
Morton Community Bank | $630,000 | $620,000 | -1.6% | 0.1% |
NBKC BANK | $1,555,000 | $620,000 | -60.1% | 0.1% |
SKYONE Federal Credit Union | $615,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $70,000 | $590,000 | 742.9% | 0.1% |
GUILD MORTGAGE COMPANY | $1,390,000 | $585,000 | -57.9% | 0.1% |
VILLAGE CAPITAL MORTGAGE | $2,330,000 | $580,000 | -75.1% | 0.1% |
Hometown Lenders, Inc. | $550,000 | n/a | 0.1% | |
DRAPER AND KRAMER MORTGAGE CORP. | $380,000 | $530,000 | 39.5% | 0.1% |
Citizens Bank | $510,000 | $520,000 | 2.0% | 0.1% |
BETTER MORTGAGE CORPORATION | $985,000 | $515,000 | -47.7% | 0.1% |
FEDERATED MORTGAGE CORP. | $495,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $465,000 | $495,000 | 6.5% | 0.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,020,000 | $490,000 | -52.0% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $185,000 | $470,000 | 154.1% | 0.1% |
MAYO EMPLOYEES FEDERAL CREDIT UNION | $465,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $475,000 | $440,000 | -7.4% | 0.1% |
BLUELEAF LENDING, LLC | $425,000 | $425,000 | 0.0% | 0.1% |
CBI Bank & Trust | $420,000 | n/a | 0.1% | |
Wyndham Capital Mortgage, Inc. | $420,000 | $420,000 | 0.0% | 0.1% |
AMERICAN FINANCING CORPORATION | $240,000 | $415,000 | 72.9% | 0.1% |
First Federal Savings and Loan Association of Lakewood | $415,000 | n/a | 0.1% | |
GENEVA FINANCIAL, LLC | $545,000 | $410,000 | -24.8% | 0.1% |
21ST MORTGAGE CORPORATION | $175,000 | $405,000 | 131.4% | 0.0% |
Evolve Bank & Trust | $405,000 | n/a | 0.0% | |
HOMESIDE FINANCIAL, LLC | $555,000 | $380,000 | -31.5% | 0.0% |
BNC National Bank | $375,000 | n/a | 0.0% | |
Bell Bank | $175,000 | $365,000 | 108.6% | 0.0% |
SPRING EQ, LLC | $365,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $360,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $820,000 | $360,000 | -56.1% | 0.0% |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $55,000 | $345,000 | 527.3% | 0.0% |
Commerce Bank | $150,000 | $340,000 | 126.7% | 0.0% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $980,000 | $335,000 | -65.8% | 0.0% |
Fifth Third Bank | $1,445,000 | $335,000 | -76.8% | 0.0% |
SCOTT CREDIT UNION | $335,000 | n/a | 0.0% | |
PLAZA HOME MORTGAGE, INC. | $375,000 | $330,000 | -12.0% | 0.0% |
FCB Banks | $625,000 | $320,000 | -48.8% | 0.0% |
Equity Prime Mortgage LLC | $240,000 | $315,000 | 31.3% | 0.0% |
COMPASS MORTGAGE, INC. | $445,000 | $310,000 | -30.3% | 0.0% |
First Mid Bank & Trust | $410,000 | $310,000 | -24.4% | 0.0% |
Midwest BankCentre | $305,000 | n/a | 0.0% | |
SOFI LENDING CORP. | $470,000 | $305,000 | -35.1% | 0.0% |
Strong Home Mortgage, LLC | $305,000 | n/a | 0.0% | |
Third Federal Savings and Loan Association of Cleveland | $365,000 | $300,000 | -17.8% | 0.0% |
Better Banks | $275,000 | $295,000 | 7.3% | 0.0% |
Discover Bank | $585,000 | $295,000 | -49.6% | 0.0% |
GVC MORTGAGE, INC. | $285,000 | n/a | 0.0% | |
Midwest Heritage Bank FSB | $275,000 | n/a | 0.0% | |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $185,000 | $270,000 | 45.9% | 0.0% |
GUIDANCE RESIDENTIAL, LLC | $1,270,000 | $265,000 | -79.1% | 0.0% |
Northpointe Bank | $265,000 | n/a | 0.0% | |
Chicago Mortgage Solutions LLC | $425,000 | $260,000 | -38.8% | 0.0% |
TOP FLITE FINANCIAL, INC. | $240,000 | $260,000 | 8.3% | 0.0% |
ALLIANT CREDIT UNION | $230,000 | $255,000 | 10.9% | 0.0% |
City National Bank | $255,000 | n/a | 0.0% | |
Community Bank of Trenton | $255,000 | n/a | 0.0% | |
FAIR WAY LENDING LLC | $255,000 | n/a | 0.0% | |
NATIONS RELIABLE LENDING, LLC | $295,000 | $255,000 | -13.6% | 0.0% |
CHERRY CREEK MORTGAGE, LLC | $250,000 | n/a | 0.0% | |
Deere Employees Credit Union | $245,000 | n/a | 0.0% | |
PROPER RATE, LLC | $245,000 | n/a | 0.0% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $230,000 | n/a | 0.0% | |
Servion, Inc. | $260,000 | $220,000 | -15.4% | 0.0% |
First Guaranty Mortgage Corporation | $985,000 | $205,000 | -79.2% | 0.0% |
Oakstar Bank | $195,000 | n/a | 0.0% | |
Figure Lending LLC | $345,000 | $190,000 | -44.9% | 0.0% |
Neighborhood Loans, Inc. | $1,040,000 | $180,000 | -82.7% | 0.0% |
Citadel Servicing Corporation | $175,000 | n/a | 0.0% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $145,000 | $175,000 | 20.7% | 0.0% |
First State Bank of Forrest | $175,000 | n/a | 0.0% | |
FIRST ALLIANCE HOME MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
Heartland Bank and Trust Company | $475,000 | $160,000 | -66.3% | 0.0% |
Bank of Belleville | $155,000 | n/a | 0.0% | |
SILVER HILL FUNDING, LLC | $155,000 | n/a | 0.0% | |
The Bradford National Bank of Greenville | $155,000 | n/a | 0.0% | |
DELMAR FINANCIAL COMPANY | $150,000 | n/a | 0.0% | |
AmeriHome Mortgage Company, LLC | $580,000 | $145,000 | -75.0% | 0.0% |
MOVEMENT MORTGAGE, LLC | $75,000 | $145,000 | 93.3% | 0.0% |
OMNI Community Credit Union | $145,000 | n/a | 0.0% | |
Secured Investment Corp. | $145,000 | n/a | 0.0% | |
S1L, Inc. | $140,000 | n/a | 0.0% | |
DUPACO COMMUNITY | $535,000 | $135,000 | -74.8% | 0.0% |
IOWA BANKERS MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $35,000 | $130,000 | 271.4% | 0.0% |
The Central Trust Bank | $125,000 | n/a | 0.0% | |
The State Bank | $125,000 | n/a | 0.0% | |
UNIVERSITY OF ILLINOIS COMMUNITY | $125,000 | n/a | 0.0% | |
FINANCE OF AMERICA MORTGAGE LLC | $155,000 | $120,000 | -22.6% | 0.0% |
GERSHMAN INVESTMENT CORP. | $500,000 | $120,000 | -76.0% | 0.0% |
FAMILY FINANCE MORTGAGE, LLC | $115,000 | n/a | 0.0% | |
First Bank | $65,000 | $115,000 | 76.9% | 0.0% |
FRONTIER FINANCIAL, INC. | $125,000 | $115,000 | -8.0% | 0.0% |
Lakeview Community Capital, LLC | $115,000 | n/a | 0.0% | |
Land of Lincoln Credit Union | $470,000 | $115,000 | -75.5% | 0.0% |
MidAmerica National Bank | $115,000 | n/a | 0.0% | |
Providence Bank & Trust | $25,000 | $115,000 | 360.0% | 0.0% |
AMCAP MORTGAGE, LTD. | $105,000 | n/a | 0.0% | |
Boeing Employees Credit Union | $105,000 | n/a | 0.0% | |
First Savings Bank | $75,000 | $105,000 | 40.0% | 0.0% |
Buena Vista National Bank | $95,000 | n/a | 0.0% | |
Longview Bank & Trust | $175,000 | $95,000 | -45.7% | 0.0% |
American Airlines Federal Credit Union | $85,000 | n/a | 0.0% | |
NexBank | $85,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $210,000 | $85,000 | -59.5% | 0.0% |
VANTAGE Credit Union | $85,000 | n/a | 0.0% | |
Vibrant Credit Union | $280,000 | $85,000 | -69.6% | 0.0% |
DECATUR EARTHMOVER CREDIT UNION | $305,000 | $80,000 | -73.8% | 0.0% |
CapStar Bank | $145,000 | $75,000 | -48.3% | 0.0% |
University of Wisconsin Credit Union | $75,000 | n/a | 0.0% | |
American Bank of Missouri | $70,000 | n/a | 0.0% | |
CIBM Bank | $135,000 | $65,000 | -51.9% | 0.0% |
First United Bank and Trust Company | $65,000 | n/a | 0.0% | |
First Internet Bank of Indiana | $55,000 | n/a | 0.0% | |
QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
First American Bank | $35,000 | n/a | 0.0% | |
M&T Bank | $600,000 | $35,000 | -94.2% | 0.0% |
Notre Dame Federal Credit Union Corporation | $175,000 | $25,000 | -85.7% | 0.0% |
FirstBank | $15,000 | n/a | 0.0% |
SPRINGFIELD's top lender by overall market share is INB, with 11.4% market share. In second place, with 10.2%, is Bank of Springfield, having originated $83,500,000 in loans. In third place, with 7.6%, is United Community Bank, having originated $61,580,000 in loans. In fourth place, with 5.5%, is Marine Bank, having originated $45,175,000 in loans. In fifth place, with 4.3%, is Town & Country Banc Mortgage Services, Inc., having originated $35,450,000 in loans.
SPRINGFIELD Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $136,950 (1.9%) | $182,107 (0.5%) | 0.51 | 829 |
2018-02-01 | $137,500 (1.9%) | $184,524 (0.7%) | 0.50 | 831 |
2018-03-01 | $139,900 (-0.7%) | $189,588 (-3.4%) | 0.49 | 875 |
2018-04-01 | $144,900 (-3.3%) | $192,321 (-4.1%) | 0.49 | 886 |
2018-05-01 | $144,650 (-7.5%) | $192,476 (-8.4%) | 0.48 | 940 |
2018-06-01 | $143,900 (-10.0%) | $195,637 (-7.6%) | 0.48 | 1,027 |
2018-07-01 | $140,900 (-9.1%) | $192,657 (-5.1%) | 0.47 | 1,065 |
2018-08-01 | $144,900 (-4.9%) | $191,130 (-4.6%) | 0.49 | 1,055 |
2018-09-01 | $149,900 (0.0%) | $190,452 (-4.5%) | 0.50 | 1,041 |
2018-10-01 | $149,900 (0.8%) | $193,627 (-0.1%) | 0.51 | 997 |
2018-11-01 | $149,700 (7.0%) | $194,421 (4.8%) | 0.51 | 951 |
2018-12-01 | $139,900 (0.0%) | $183,840 (2.1%) | 0.48 | 867 |
2019-01-01 | $136,700 (-0.2%) | $181,331 (-0.4%) | 0.47 | 838 |
2019-02-01 | $139,000 (1.1%) | $182,529 (-1.1%) | 0.47 | 830 |
2019-03-01 | $142,279 (1.7%) | $185,427 (-2.2%) | 0.47 | 809 |
2019-04-01 | $147,575 (1.9%) | $193,839 (0.8%) | 0.47 | 782 |
2019-05-01 | $149,900 (3.6%) | $198,127 (2.9%) | 0.47 | 790 |
2019-06-01 | $151,000 (4.9%) | $197,296 (0.9%) | 0.47 | 858 |
2019-07-01 | $153,900 (9.2%) | $197,060 (2.3%) | 0.48 | 921 |
2019-08-01 | $152,155 (5.0%) | $195,804 (2.5%) | 0.48 | 906 |
2019-09-01 | $149,536 (-0.2%) | $191,708 (0.7%) | 0.48 | 867 |
2019-10-01 | $147,500 (-1.6%) | $189,173 (-2.3%) | 0.48 | 843 |
2019-11-01 | $139,900 (-6.6%) | $181,698 (-6.5%) | 0.46 | 816 |
2019-12-01 | $131,250 (-6.2%) | $174,479 (-5.1%) | 0.44 | 732 |
2020-01-01 | $131,150 (-4.1%) | $177,224 (-2.3%) | 0.44 | 671 |
2020-02-01 | $132,950 (-4.4%) | $182,344 (-0.1%) | 0.43 | 650 |
2020-03-01 | $147,950 (4.0%) | $197,148 (6.3%) | 0.46 | 617 |
2020-04-01 | $149,950 (1.6%) | $201,211 (3.8%) | 0.47 | 613 |
2020-05-01 | $144,900 (-3.3%) | $200,964 (1.4%) | 0.44 | 543 |
2020-06-01 | $150,425 (-0.4%) | $207,978 (5.4%) | 0.44 | 540 |
2020-07-01 | $152,400 (-1.0%) | $206,062 (4.6%) | 0.44 | 527 |
2020-08-01 | $139,900 (-8.1%) | $194,492 (-0.7%) | 0.40 | 494 |
2020-09-01 | $134,900 (-9.8%) | $193,896 (1.1%) | 0.39 | 453 |
2020-10-01 | $124,700 (-15.5%) | $179,027 (-5.4%) | 0.36 | 440 |
2020-11-01 | $113,300 (-19.0%) | $167,143 (-8.0%) | 0.33 | 437 |
2020-12-01 | $102,400 (-22.0%) | $155,419 (-10.9%) | 0.30 | 401 |
2021-01-01 | $99,900 (-23.8%) | $156,968 (-11.4%) | 0.30 | 335 |
2021-02-01 | $98,200 (-26.1%) | $156,389 (-14.2%) | 0.29 | 285 |
2021-03-01 | $99,900 (-32.5%) | $168,588 (-14.5%) | 0.28 | 237 |
2021-04-01 | $99,825 (-33.4%) | $179,571 (-10.8%) | 0.27 | 220 |
2021-05-01 | $110,000 (-24.1%) | $194,730 (-3.1%) | 0.29 | 218 |
2021-06-01 | $124,400 (-17.3%) | $202,841 (-2.5%) | 0.33 | 264 |
2021-07-01 | $129,900 (-14.8%) | $211,187 (2.5%) | 0.34 | 259 |
2021-08-01 | $127,450 (-8.9%) | $212,737 (9.4%) | 0.34 | 274 |
2021-09-01 | $124,900 (-7.4%) | $197,930 (2.1%) | 0.33 | 267 |
2021-10-01 | $118,000 (-5.4%) | $184,105 (2.8%) | 0.31 | 267 |
2021-11-01 | $108,075 (-4.6%) | $172,594 (3.3%) | 0.29 | 237 |
2021-12-01 | $117,450 (14.7%) | $173,805 (11.8%) | 0.32 | 208 |
2022-01-01 | $107,500 (7.6%) | $175,743 (12.0%) | 0.29 | 180 |
2022-02-01 | $104,200 (6.1%) | $179,084 (14.5%) | 0.27 | 144 |
2022-03-01 | $120,750 (20.9%) | $210,377 (24.8%) | 0.30 | 138 |
2022-04-01 | $139,900 (40.2%) | $226,506 (26.1%) | 0.33 | 145 |
2022-05-01 | $146,750 (33.4%) | $257,527 (32.3%) | 0.34 | 142 |
2022-06-01 | $166,050 (33.5%) | $249,691 (23.1%) | 0.37 | 186 |
2022-07-01 | $168,450 (29.7%) | $257,670 (22.0%) | 0.38 | 221 |
2022-08-01 | $171,175 (34.3%) | $262,671 (23.5%) | 0.39 | 216 |
2022-09-01 | $208,950 (67.3%) | $275,770 (39.3%) | 0.49 | 199 |
2022-10-01 | $191,950 (62.7%) | $264,709 (43.8%) | 0.45 | 219 |
2022-11-01 | $168,950 (56.3%) | $236,436 (37.0%) | 0.41 | 231 |
2022-12-01 | $164,900 (40.4%) | $237,966 (36.9%) | 0.41 | 221 |
2023-01-01 | $157,500 (46.5%) | $237,356 (35.1%) | 0.39 | 188 |
2023-02-01 | $163,050 (56.5%) | $254,081 (41.9%) | 0.39 | 146 |
SPRINGFIELD's median listing price comes in at 39% of the national average.
SPRINGFIELD's average listing price for 2023-02-01 was $254,081, a difference of $74,997 (41.9%) versus the prior year and $16,725 versus the prior month.
For the 2023-02-01 period, SPRINGFIELD had 146 MLS listings, a difference of -42 listings (-22%) versus the prior month and 2 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 92 days | 1,730 sqft |
2018-02-01 | 93 days | 1,763 sqft |
2018-03-01 | 72 days | 1,800 sqft |
2018-04-01 | 61 days | 1,802 sqft |
2018-05-01 | 60 days | 1,800 sqft |
2018-06-01 | 57 days | 1,841 sqft |
2018-07-01 | 59 days | 1,815 sqft |
2018-08-01 | 65 days | 1,806 sqft |
2018-09-01 | 72 days | 1,810 sqft |
2018-10-01 | 78 days | 1,831 sqft |
2018-11-01 | 80 days | 1,827 sqft |
2018-12-01 | 85 days | 1,736 sqft |
2019-01-01 | 94 days | 1,700 sqft |
2019-02-01 | 96 days | 1,700 sqft |
2019-03-01 | 75 days | 1,747 sqft |
2019-04-01 | 55 days | 1,817 sqft |
2019-05-01 | 54 days | 1,854 sqft |
2019-06-01 | 56 days | 1,864 sqft |
2019-07-01 | 59 days | 1,893 sqft |
2019-08-01 | 62 days | 1,890 sqft |
2019-09-01 | 65 days | 1,875 sqft |
2019-10-01 | 70 days | 1,874 sqft |
2019-11-01 | 73 days | 1,824 sqft |
2019-12-01 | 78 days | 1,773 sqft |
2020-01-01 | 85 days | 1,750 sqft |
2020-02-01 | 86 days | 1,744 sqft |
2020-03-01 | 69 days | 1,796 sqft |
2020-04-01 | 71 days | 1,800 sqft |
2020-05-01 | 68 days | 1,770 sqft |
2020-06-01 | 56 days | 1,862 sqft |
2020-07-01 | 53 days | 1,821 sqft |
2020-08-01 | 53 days | 1,714 sqft |
2020-09-01 | 55 days | 1,742 sqft |
2020-10-01 | 53 days | 1,688 sqft |
2020-11-01 | 52 days | 1,570 sqft |
2020-12-01 | 59 days | 1,526 sqft |
2021-01-01 | 68 days | 1,482 sqft |
2021-02-01 | 75 days | 1,445 sqft |
2021-03-01 | 65 days | 1,437 sqft |
2021-04-01 | 41 days | 1,421 sqft |
2021-05-01 | 31 days | 1,500 sqft |
2021-06-01 | 32 days | 1,559 sqft |
2021-07-01 | 38 days | 1,685 sqft |
2021-08-01 | 31 days | 1,676 sqft |
2021-09-01 | 39 days | 1,622 sqft |
2021-10-01 | 39 days | 1,602 sqft |
2021-11-01 | 45 days | 1,578 sqft |
2021-12-01 | 51 days | 1,631 sqft |
2022-01-01 | 65 days | 1,543 sqft |
2022-02-01 | 48 days | 1,562 sqft |
2022-03-01 | 34 days | 1,533 sqft |
2022-04-01 | 26 days | 1,607 sqft |
2022-05-01 | 28 days | 1,685 sqft |
2022-06-01 | 37 days | 1,721 sqft |
2022-07-01 | 33 days | 1,685 sqft |
2022-08-01 | 38 days | 1,724 sqft |
2022-09-01 | 43 days | 1,800 sqft |
2022-10-01 | 35 days | 1,841 sqft |
2022-11-01 | 33 days | 1,742 sqft |
2022-12-01 | 45 days | 1,703 sqft |
2023-01-01 | 57 days | 1,654 sqft |
2023-02-01 | 57 days | 1,723 sqft |
SPRINGFIELD's median square footage for active listings during the 2023-02-01 period was 1,723 sqft. One year prior, the average listing was 1,562 sqft.
SPRINGFIELD, IL Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
62515 | Springfield, IL | $580 | $700 | $870 | $1,110 | $1,190 |
62520 | Springfield, IL | $600 | $740 | $910 | $1,160 | $1,250 |
62530 | Springfield, IL | $540 | $650 | $810 | $1,040 | $1,110 |
62536 | Springfield, IL | $620 | $760 | $940 | $1,200 | $1,290 |
62539 | Springfield, IL | $550 | $670 | $830 | $1,060 | $1,140 |
62545 | Springfield, IL | $520 | $620 | $780 | $970 | $1,050 |
62548 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62558 | Springfield, IL | $580 | $700 | $870 | $1,110 | $1,190 |
62561 | Springfield, IL | $560 | $690 | $850 | $1,090 | $1,170 |
62563 | Springfield, IL | $660 | $810 | $1,000 | $1,280 | $1,370 |
62612 | Springfield, IL | $540 | $660 | $820 | $1,040 | $1,120 |
62613 | Springfield, IL | $560 | $690 | $850 | $1,090 | $1,170 |
62615 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62625 | Springfield, IL | $550 | $670 | $830 | $1,060 | $1,140 |
62629 | Springfield, IL | $720 | $880 | $1,090 | $1,390 | $1,500 |
62642 | Springfield, IL | $520 | $630 | $780 | $1,000 | $1,070 |
62659 | Springfield, IL | $520 | $640 | $790 | $1,010 | $1,080 |
62661 | Springfield, IL | $520 | $630 | $780 | $1,000 | $1,070 |
62666 | Springfield, IL | $520 | $620 | $780 | $970 | $1,050 |
62670 | Springfield, IL | $530 | $650 | $800 | $1,020 | $1,100 |
62673 | Springfield, IL | $520 | $620 | $780 | $970 | $1,050 |
62675 | Springfield, IL | $520 | $620 | $780 | $980 | $1,060 |
62677 | Springfield, IL | $520 | $620 | $780 | $970 | $1,050 |
62684 | Springfield, IL | $620 | $750 | $930 | $1,190 | $1,280 |
62688 | Springfield, IL | $520 | $620 | $780 | $970 | $1,050 |
62689 | Springfield, IL | $520 | $620 | $780 | $970 | $1,050 |
62690 | Springfield, IL | $550 | $620 | $780 | $980 | $1,110 |
62692 | Springfield, IL | $520 | $620 | $780 | $970 | $1,050 |
62693 | Springfield, IL | $540 | $650 | $810 | $1,040 | $1,110 |
62701 | Springfield, IL | $730 | $890 | $1,100 | $1,410 | $1,510 |
62702 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62703 | Springfield, IL | $550 | $670 | $830 | $1,060 | $1,140 |
62704 | Springfield, IL | $560 | $690 | $850 | $1,090 | $1,170 |
62705 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62706 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62707 | Springfield, IL | $550 | $670 | $830 | $1,060 | $1,140 |
62708 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62711 | Springfield, IL | $660 | $800 | $990 | $1,270 | $1,360 |
62712 | Springfield, IL | $570 | $690 | $860 | $1,100 | $1,180 |
62716 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62719 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62726 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62736 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62756 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62764 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62776 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62781 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62791 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
62796 | Springfield, IL | $560 | $680 | $840 | $1,070 | $1,150 |
2022 Average & Median Rent Data Statistics
SPRINGFIELD, IL average 1BR rent: $682, median: $680
SPRINGFIELD, IL average 2BR rent: $847, median: $840
SPRINGFIELD, IL average 3BR rent: $1,077, median: $1,070
SPRINGFIELD, IL Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 3,253 | $578,115,000 | $177,717 |
Refi | 744 | $120,460,000 | $161,909 |
Cash Out Refi | 518 | $71,530,000 | $138,089 |
Home Improvement | 369 | $28,205,000 | $76,436 |
Other | 235 | $16,855,000 | $71,723 |
Springfield's most frequently cited loan purpose was Home Purchase, with 3,253 originations. The 2nd most popular reason was Refi, with 744 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 1,329 | $212,985,000 | $160,260 |
4-5% | 1,169 | $189,085,000 | $161,749 |
3-4% | 1,002 | $160,510,000 | $160,190 |
6-7% | 577 | $81,745,000 | $141,672 |
2.5-3% | 198 | $47,980,000 | $242,323 |
7-8% | 127 | $17,325,000 | $136,417 |
<2.5% | 120 | $12,070,000 | $100,583 |
Over 8% | 64 | $4,000,000 | $62,500 |
During 2022, Springfield's most frequently originated rate bucket was 5-6%, with 1,329 originations.
Loan Sizing (SPRINGFIELD, IL MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 2,127 | $119,505,000 | $56,185 |
$100k-200k | 1,780 | $253,200,000 | $142,247 |
$200k-400k | 1,003 | $273,415,000 | $272,597 |
$400k-600k | 140 | $66,350,000 | $473,929 |
$600k-1000k | 53 | $36,975,000 | $697,642 |
$Over $1MM | 16 | $65,720,000 | $4,107,500 |
SPRINGFIELD's loan sizing saw the bucket of loans from $100,000 or less with 2,127 originations, totaling $119,505,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 2,124 | $385,810,000 | $181,643 |
60-80% | 1,186 | $222,210,000 | $187,361 |
Under 20% | 440 | $14,920,000 | $33,909 |
40-60% | 398 | $51,400,000 | $129,146 |
20-40% | 353 | $31,805,000 | $90,099 |
Over 100% | 42 | $10,860,000 | $258,571 |
SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,124 originations, totaling $385,810,000 in origination value.