SPRINGFIELD Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Springfield averaged
6.87%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.68% and
one month ago for the week of 2025-02-27, the
average rate was 6.89%.
Springfield's average rate one year ago was 6.72%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.88%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Springfield 30 Year Fixed Rate | 2025-04-03 | 6.87% |
| Springfield 30 Year Fixed Rate Refi | 2025-04-03 | 6.88% |
| Springfield 15 Year Fixed Rate | 2025-04-03 | 6.58% |
| Springfield 15 Year Fixed Rate Refi | 2025-04-03 | 5.92% |
| Springfield 30 Year FHA | 2025-04-03 | 6.7% |
| Springfield 30 Year FHA Refi | 2025-04-03 | 6.06% |
| Springfield 30 Year USDA | 2025-04-03 | 6.22% |
| Springfield 30 Year USDA Refi | 2025-04-03 | 6.32% |
| Springfield 30 Year VA | 2025-04-03 | 6.34% |
| Springfield 30 Year VA Refi | 2025-04-03 | 6.06% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SPRINGFIELD, IL.
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 95 lenders originated 4,102
loans during 2024. The total origination value was $670,070,000, with an average loan value of
$163,352.
SPRINGFIELD's average closing costs are $2,969.
The top SPRINGFIELD lender as defined by loan originations is INB, with
316 loans originated. Their average total fees are
$2,457, which is $422
higher than the next largest lender,
Bank of Springfield.
The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are
CITIZENS EQUITY FIRST ($1,447), JPMorgan Chase Bank ($1,663), Petefish, Skiles & Co. ($1,842), Prairie State Bank and Trust ($1,862) and Bank of Springfield ($2,034).
The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are
HEARTLAND (6.41%), CITIZENS EQUITY FIRST (6.55%), Bank of Springfield (6.59%), United Community Bank (6.59%) and PNC Bank (6.64%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| INB | $82,750,000 | $99,755,000 | 20.5% | 14.9% |
| Bank of Springfield | $57,320,000 | $78,995,000 | 37.8% | 11.8% |
| United Community Bank | $50,895,000 | $61,520,000 | 20.9% | 9.2% |
| Alliance Community Bank | $26,390,000 | $31,970,000 | 21.1% | 4.8% |
| CITIZENS EQUITY FIRST | $20,870,000 | $21,775,000 | 4.3% | 3.2% |
| HEARTLAND | $16,865,000 | $21,265,000 | 26.1% | 3.2% |
| QUICKEN LOANS, LLC | $16,800,000 | $19,210,000 | 14.3% | 2.9% |
| GUARANTEED RATE, INC. | $7,495,000 | $17,840,000 | 138.0% | 2.7% |
| Morton Community Bank | $18,660,000 | $17,645,000 | -5.4% | 2.6% |
| Carrollton Bank | $14,775,000 | $16,495,000 | 11.6% | 2.5% |
| PNC Bank | $14,995,000 | $15,110,000 | 0.8% | 2.3% |
| Prairie State Bank and Trust | $14,550,000 | $14,500,000 | -0.3% | 2.2% |
| Mortgage Research Center, LLC | $9,535,000 | $14,310,000 | 50.1% | 2.1% |
| Heartland Bank and Trust Company | $26,460,000 | $13,720,000 | -48.1% | 2.0% |
| FLAT BRANCH MORTGAGE, INC. | $30,375,000 | $13,175,000 | -56.6% | 2.0% |
| Hickory Point Bank and Trust | $3,270,000 | $12,375,000 | 278.4% | 1.8% |
| Warren-Boynton State Bank | $10,310,000 | $12,295,000 | 19.3% | 1.8% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $12,165,000 | n/a | 1.8% | |
| West Central Bank | $10,440,000 | $12,025,000 | 15.2% | 1.8% |
| BROKER SOLUTIONS, INC. | $2,915,000 | $9,775,000 | 235.3% | 1.5% |
| Bank & Trust Company | $8,445,000 | $8,035,000 | -4.9% | 1.2% |
| U.S. Bank | $6,440,000 | $7,295,000 | 13.3% | 1.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,470,000 | $7,280,000 | 194.7% | 1.1% |
| JPMorgan Chase Bank | $4,795,000 | $6,775,000 | 41.3% | 1.0% |
| Security Bank, s.b. | $5,805,000 | $6,465,000 | 11.4% | 1.0% |
| Petefish, Skiles & Co. | $5,775,000 | $5,170,000 | -10.5% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $2,245,000 | $4,835,000 | 115.4% | 0.7% |
| Merchants Capital Corp. | $4,285,000 | n/a | 0.6% | |
| Williamsville State Bank & Trust | $3,960,000 | $4,045,000 | 2.1% | 0.6% |
| WALKER & DUNLOP, LLC | $9,105,000 | $4,025,000 | -55.8% | 0.6% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $6,080,000 | $3,670,000 | -39.6% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $1,340,000 | $3,580,000 | 167.2% | 0.5% |
| LEADERONE FINANCIAL CORPORATION | $3,995,000 | $3,355,000 | -16.0% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $1,530,000 | $3,175,000 | 107.5% | 0.5% |
| Regions Bank | $5,770,000 | $2,600,000 | -54.9% | 0.4% |
| NEWREZ LLC | $1,050,000 | $2,365,000 | 125.2% | 0.4% |
| GUILD MORTGAGE COMPANY | $1,025,000 | $2,055,000 | 100.5% | 0.3% |
| LOANDEPOT.COM, LLC | $1,675,000 | $2,035,000 | 21.5% | 0.3% |
| USAA Federal Savings Bank | $2,850,000 | $1,885,000 | -33.9% | 0.3% |
| First Bankers Trust Company | $510,000 | $1,855,000 | 263.7% | 0.3% |
| The Federal Savings Bank | $490,000 | $1,795,000 | 266.3% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,925,000 | $1,760,000 | -8.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,405,000 | $1,735,000 | 23.5% | 0.3% |
| Flanagan State Bank | $105,000 | $1,730,000 | 1,547.6% | 0.3% |
| DAS Acquisition Company, LLC | $1,380,000 | $1,550,000 | 12.3% | 0.2% |
| FIRST STATE MORTGAGE SERVICES, LLC | $4,180,000 | $1,375,000 | -67.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $410,000 | $1,320,000 | 222.0% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $585,000 | $1,315,000 | 124.8% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $745,000 | $1,255,000 | 68.5% | 0.2% |
| CNB Bank And Trust, N.A. | $995,000 | $1,230,000 | 23.6% | 0.2% |
| Bank of Hillsboro | $95,000 | $1,210,000 | 1,173.7% | 0.2% |
| Discover Bank | $835,000 | $1,200,000 | 43.7% | 0.2% |
| Plains Commerce Bank | $1,790,000 | $1,155,000 | -35.5% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,125,000 | n/a | 0.2% | |
| Wells Fargo Bank | $1,630,000 | $1,105,000 | -32.2% | 0.2% |
| LENDSURE MORTGAGE CORP. | $115,000 | $1,070,000 | 830.4% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,590,000 | $1,000,000 | -37.1% | 0.1% |
| The Fisher National Bank | $940,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $260,000 | $920,000 | 253.8% | 0.1% |
| 21ST MORTGAGE CORPORATION | $615,000 | $910,000 | 48.0% | 0.1% |
| Credit Union 1 | $1,895,000 | $895,000 | -52.8% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $55,000 | $895,000 | 1,527.3% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $355,000 | $895,000 | 152.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $570,000 | $860,000 | 50.9% | 0.1% |
| Figure Lending LLC | $355,000 | $850,000 | 139.4% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $1,170,000 | $845,000 | -27.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $660,000 | $795,000 | 20.5% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $135,000 | $745,000 | 451.9% | 0.1% |
| GENEVA FINANCIAL, LLC | $345,000 | $705,000 | 104.3% | 0.1% |
| Flagstar Bank, FSB | $170,000 | $685,000 | 302.9% | 0.1% |
| First National Bank of Pana | $665,000 | n/a | 0.1% | |
| CIBM Bank | $605,000 | $655,000 | 8.3% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $810,000 | $645,000 | -20.4% | 0.1% |
| Fifth Third Bank | $1,420,000 | $630,000 | -55.6% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $115,000 | $630,000 | 447.8% | 0.1% |
| The First National Bank of Raymond | $410,000 | $610,000 | 48.8% | 0.1% |
| Old National Bank | $16,555,000 | $605,000 | -96.3% | 0.1% |
| NEW DAY FINANCIAL, LLC | $645,000 | $600,000 | -7.0% | 0.1% |
| Busey Bank | $610,000 | $565,000 | -7.4% | 0.1% |
| Bank of America | $900,000 | $545,000 | -39.4% | 0.1% |
| 1ST MIDAMERICA | $65,000 | $540,000 | 730.8% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $535,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $535,000 | n/a | 0.1% | |
| General Mortgage Capital Corporation | $155,000 | $530,000 | 241.9% | 0.1% |
| AMWEST FUNDING CORP. | $510,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $505,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $500,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $1,180,000 | $500,000 | -57.6% | 0.1% |
| FOUNDATION MORTGAGE CORPORATION | $490,000 | n/a | 0.1% | |
| Farm Credit Mid-America, ACA | $905,000 | $480,000 | -47.0% | 0.1% |
| Coastal Community Bank | $295,000 | $475,000 | 61.0% | 0.1% |
| Northpointe Bank | $95,000 | $475,000 | 400.0% | 0.1% |
| First State Bank of St. Charles, Missouri | $470,000 | n/a | 0.1% | |
| Land of Lincoln Credit Union | $700,000 | $465,000 | -33.6% | 0.1% |
| Credence Funding Corporation | $455,000 | n/a | 0.1% | |
| First Federal Bank | $205,000 | $455,000 | 122.0% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $145,000 | $435,000 | 200.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $525,000 | $430,000 | -18.1% | 0.1% |
| SCOTT CREDIT UNION | $320,000 | $425,000 | 32.8% | 0.1% |
| Ixonia Bank | $420,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $415,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $320,000 | $405,000 | 26.6% | 0.1% |
| Legence Bank | $390,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $375,000 | n/a | 0.1% | |
| FCB Banks | $315,000 | $370,000 | 17.5% | 0.1% |
| Citizens Bank | $365,000 | n/a | 0.1% | |
| First State Bank of Forrest | $185,000 | $365,000 | 97.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $360,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $955,000 | $355,000 | -62.8% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $350,000 | $350,000 | 0.0% | 0.1% |
| AIR ACADEMY | $335,000 | n/a | 0.0% | |
| SOUTHWEST STAGE FUNDING, LLC | $335,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $335,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $335,000 | n/a | 0.0% | |
| NBKC BANK | $465,000 | $325,000 | -30.1% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $1,285,000 | $315,000 | -75.5% | 0.0% |
| COMPASS MORTGAGE, INC. | $350,000 | $310,000 | -11.4% | 0.0% |
| Servion, Inc. | $425,000 | $310,000 | -27.1% | 0.0% |
| BETTER MORTGAGE CORPORATION | $95,000 | $305,000 | 221.1% | 0.0% |
| CARDINAL FINANCIAL | $220,000 | $305,000 | 38.6% | 0.0% |
| Johnson Bank | $300,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $300,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $290,000 | n/a | 0.0% | |
| Bank of England | $285,000 | n/a | 0.0% | |
| S1L, Inc. | $285,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $275,000 | n/a | 0.0% | |
| Nations Lending Corporation | $65,000 | $250,000 | 284.6% | 0.0% |
| EASTMAN | $245,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $235,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $505,000 | $235,000 | -53.5% | 0.0% |
| EVANSVILLE TEACHERS | $75,000 | $230,000 | 206.7% | 0.0% |
| State Department Federal Credit Union | $230,000 | n/a | 0.0% | |
| Peoples National Bank , N.A. | $225,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $220,000 | n/a | 0.0% | |
| GARDNER FINANCIAL SERVICES, LTD. | $215,000 | n/a | 0.0% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $210,000 | n/a | 0.0% | |
| 1786 | $205,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $195,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $360,000 | $195,000 | -45.8% | 0.0% |
| North Shore Trust and Savings | $195,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $195,000 | n/a | 0.0% | |
| Buena Vista National Bank | $190,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $290,000 | $185,000 | -36.2% | 0.0% |
| TOGETHER CREDIT UNION | $25,000 | $185,000 | 640.0% | 0.0% |
| TJC Mortgage, Inc. | $175,000 | n/a | 0.0% | |
| Commerce Bank | $170,000 | n/a | 0.0% | |
| ILLINOIS STATE CREDIT UNION | $165,000 | n/a | 0.0% | |
| LAKE MICHIGAN CREDIT UNION | $780,000 | $165,000 | -78.8% | 0.0% |
| EMBRACE HOME LOANS, INC. | $155,000 | n/a | 0.0% | |
| Centier Bank | $15,000 | $150,000 | 900.0% | 0.0% |
| Ally Bank | $145,000 | n/a | 0.0% | |
| GERSHMAN INVESTMENT CORP. | $315,000 | $145,000 | -54.0% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $210,000 | $145,000 | -31.0% | 0.0% |
| TruHome Solutions, LLC | $145,000 | n/a | 0.0% | |
| UNIVERSITY OF ILLINOIS COMMUNITY | $145,000 | n/a | 0.0% | |
| West Gate Bank | $145,000 | n/a | 0.0% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $410,000 | $125,000 | -69.5% | 0.0% |
| ENVOY MORTGAGE, LTD | $185,000 | $125,000 | -32.4% | 0.0% |
| Pike Bancorp | $65,000 | $125,000 | 92.3% | 0.0% |
| Sauk Valley Bank & Trust Company | $125,000 | n/a | 0.0% | |
| TEACHERS | $115,000 | n/a | 0.0% | |
| The Huntington National Bank | $380,000 | $110,000 | -71.1% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $165,000 | $105,000 | -36.4% | 0.0% |
| COMMUNITY STATE BANK | $105,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $105,000 | n/a | 0.0% | |
| M&T Bank | $45,000 | $105,000 | 133.3% | 0.0% |
| Providence Bank & Trust | $105,000 | n/a | 0.0% | |
| Montgomery Bank | $95,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $85,000 | n/a | 0.0% | |
| First Federal Savings Bank of Champaign-Urbana | $85,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| South Story Bank & Trust | $85,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $125,000 | $80,000 | -36.0% | 0.0% |
| Armed Forces Bank | $75,000 | n/a | 0.0% | |
| Scott State Bank | $75,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $135,000 | $65,000 | -51.9% | 0.0% |
| Transportation Federal Credit Union | $65,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $520,000 | $60,000 | -88.5% | 0.0% |
| AMERICAN FINANCING CORPORATION | $55,000 | $55,000 | 0.0% | 0.0% |
| CMG MORTGAGE, INC. | $380,000 | $55,000 | -85.5% | 0.0% |
| FIRST COMMUNITY | $25,000 | $45,000 | 80.0% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $45,000 | n/a | 0.0% | |
| AFFINITY | $345,000 | $35,000 | -89.9% | 0.0% |
| Connexus Credit Union | $35,000 | n/a | 0.0% | |
| Illinois State Police Federal Credit Union | $75,000 | $35,000 | -53.3% | 0.0% |
| INOVA FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $15,000 | $35,000 | 133.3% | 0.0% |
| ALLIANT CREDIT UNION | $125,000 | $15,000 | -88.0% | 0.0% |
SPRINGFIELD's top lender by overall market share is INB, with 14.9% market share. In second place, with 11.8%, is Bank of Springfield, having originated $78,995,000 in loans. In third place, with 9.2%, is United Community Bank, having originated $61,520,000 in loans. In fourth place, with 4.8%, is Alliance Community Bank, having originated $31,970,000 in loans. In fifth place, with 3.2%, is CITIZENS EQUITY FIRST, having originated $21,775,000 in loans.
SPRINGFIELD Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | 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 (-7.8%) | $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%) | $185,428 (-2.2%) | 0.47 | 808 |
| 2019-04-01 | $147,475 (1.8%) | $193,701 (0.7%) | 0.47 | 782 |
| 2019-05-01 | $149,900 (3.6%) | $198,127 (2.9%) | 0.47 | 790 |
| 2019-06-01 | $154,250 (7.2%) | $198,332 (1.4%) | 0.48 | 858 |
| 2019-07-01 | $153,900 (9.2%) | $196,938 (2.2%) | 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%) | 0.44 | 650 |
| 2020-03-01 | $147,950 (4.0%) | $197,148 (6.3%) | 0.46 | 617 |
| 2020-04-01 | $149,950 (1.7%) | $201,211 (3.9%) | 0.47 | 613 |
| 2020-05-01 | $144,900 (-3.3%) | $200,964 (1.4%) | 0.44 | 543 |
| 2020-06-01 | $150,425 (-2.5%) | $207,978 (4.9%) | 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 | $165,000 (27.0%) | $256,210 (21.3%) | 0.37 | 221 |
| 2022-08-01 | $175,000 (37.3%) | $256,117 (20.4%) | 0.40 | 216 |
| 2022-09-01 | $193,950 (55.3%) | $271,496 (37.2%) | 0.45 | 199 |
| 2022-10-01 | $186,500 (58.1%) | $250,575 (36.1%) | 0.44 | 219 |
| 2022-11-01 | $169,425 (56.8%) | $229,425 (32.9%) | 0.41 | 231 |
| 2022-12-01 | $165,000 (40.5%) | $232,606 (33.8%) | 0.41 | 221 |
| 2023-01-01 | $157,475 (46.5%) | $232,968 (32.6%) | 0.39 | 188 |
| 2023-02-01 | $154,950 (48.7%) | $236,733 (32.2%) | 0.37 | 146 |
| 2023-03-01 | $149,475 (23.8%) | $236,979 (12.7%) | 0.35 | 149 |
| 2023-04-01 | $179,900 (28.6%) | $251,032 (10.8%) | 0.42 | 137 |
| 2023-05-01 | $182,573 (24.4%) | $266,066 (3.3%) | 0.41 | 136 |
| 2023-06-01 | $186,345 (12.2%) | $277,081 (11.0%) | 0.42 | 144 |
| 2023-07-01 | $179,900 (9.0%) | $267,720 (4.5%) | 0.41 | 169 |
| 2023-08-01 | $194,575 (11.2%) | $276,310 (7.9%) | 0.45 | 189 |
| 2023-09-01 | $177,450 (-8.5%) | $271,466 (0.0%) | 0.41 | 194 |
| 2023-10-01 | $172,475 (-7.5%) | $260,745 (4.1%) | 0.41 | 212 |
| 2023-11-01 | $179,950 (6.2%) | $259,775 (13.2%) | 0.43 | 217 |
| 2023-12-01 | $168,950 (2.4%) | $246,610 (6.0%) | 0.41 | 193 |
| 2024-01-01 | $169,100 (7.4%) | $251,057 (7.8%) | 0.41 | 172 |
| 2024-02-01 | $174,925 (12.9%) | $253,375 (7.0%) | 0.42 | 166 |
| 2024-03-01 | $180,000 (20.4%) | $255,181 (7.7%) | 0.42 | 183 |
| 2024-04-01 | $198,675 (10.4%) | $260,212 (3.7%) | 0.46 | 199 |
| 2024-05-01 | $214,975 (17.8%) | $280,545 (5.4%) | 0.49 | 208 |
| 2024-06-01 | $207,500 (11.4%) | $273,722 (-1.2%) | 0.47 | 214 |
| 2024-07-01 | $211,200 (17.4%) | $278,215 (3.9%) | 0.48 | 221 |
| 2024-08-01 | $209,900 (7.9%) | $273,936 (-0.9%) | 0.49 | 240 |
| 2024-09-01 | $209,075 (17.8%) | $279,745 (3.1%) | 0.49 | 259 |
| 2024-10-01 | $199,125 (15.5%) | $283,385 (8.7%) | 0.47 | 248 |
| 2024-11-01 | $189,950 (5.6%) | $261,488 (0.7%) | 0.46 | 269 |
| 2024-12-01 | $164,950 (-2.4%) | $242,993 (-1.5%) | 0.41 | 256 |
| 2025-01-01 | $173,425 (2.6%) | $243,011 (-3.2%) | 0.43 | 233 |
| 2025-02-01 | $162,450 (-7.1%) | $244,273 (-3.6%) | 0.39 | 198 |
| 2025-03-01 | $175,000 (-2.8%) | $244,916 (-4.0%) | 0.00 | 175 |
SPRINGFIELD's median listing price for 2025-03-01 was $175,000, a difference of
$-5,000
(-2.8%) versus the prior year and
$12,550 versus the prior month.
SPRINGFIELD's median listing price comes in at 0% of the national average.
SPRINGFIELD's average listing price for 2025-03-01 was $244,916, a difference of $-10,265 (-4.0%) versus the prior year and $643 versus the prior month.
For the 2025-03-01 period, SPRINGFIELD had 175 MLS listings, a difference of -23 listings (-12%) versus the prior month and -8 listings (-4%) versus the prior year.
SPRINGFIELD's median listing price comes in at 0% of the national average.
SPRINGFIELD's average listing price for 2025-03-01 was $244,916, a difference of $-10,265 (-4.0%) versus the prior year and $643 versus the prior month.
For the 2025-03-01 period, SPRINGFIELD had 175 MLS listings, a difference of -23 listings (-12%) versus the prior month and -8 listings (-4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - SPRINGFIELD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 89 days | 1,730 sqft |
| 2018-02-01 | 90 days | 1,763 sqft |
| 2018-03-01 | 68 days | 1,800 sqft |
| 2018-04-01 | 59 days | 1,802 sqft |
| 2018-05-01 | 58 days | 1,800 sqft |
| 2018-06-01 | 53 days | 1,841 sqft |
| 2018-07-01 | 57 days | 1,815 sqft |
| 2018-08-01 | 63 days | 1,806 sqft |
| 2018-09-01 | 69 days | 1,810 sqft |
| 2018-10-01 | 74 days | 1,831 sqft |
| 2018-11-01 | 76 days | 1,827 sqft |
| 2018-12-01 | 81 days | 1,736 sqft |
| 2019-01-01 | 89 days | 1,700 sqft |
| 2019-02-01 | 93 days | 1,700 sqft |
| 2019-03-01 | 69 days | 1,747 sqft |
| 2019-04-01 | 51 days | 1,816 sqft |
| 2019-05-01 | 51 days | 1,854 sqft |
| 2019-06-01 | 53 days | 1,864 sqft |
| 2019-07-01 | 56 days | 1,893 sqft |
| 2019-08-01 | 61 days | 1,890 sqft |
| 2019-09-01 | 65 days | 1,874 sqft |
| 2019-10-01 | 67 days | 1,873 sqft |
| 2019-11-01 | 70 days | 1,820 sqft |
| 2019-12-01 | 75 days | 1,771 sqft |
| 2020-01-01 | 83 days | 1,748 sqft |
| 2020-02-01 | 82 days | 1,740 sqft |
| 2020-03-01 | 67 days | 1,794 sqft |
| 2020-04-01 | 67 days | 1,800 sqft |
| 2020-05-01 | 65 days | 1,770 sqft |
| 2020-06-01 | 52 days | 1,862 sqft |
| 2020-07-01 | 50 days | 1,821 sqft |
| 2020-08-01 | 52 days | 1,714 sqft |
| 2020-09-01 | 52 days | 1,742 sqft |
| 2020-10-01 | 51 days | 1,688 sqft |
| 2020-11-01 | 51 days | 1,570 sqft |
| 2020-12-01 | 58 days | 1,526 sqft |
| 2021-01-01 | 68 days | 1,482 sqft |
| 2021-02-01 | 74 days | 1,445 sqft |
| 2021-03-01 | 63 days | 1,437 sqft |
| 2021-04-01 | 39 days | 1,421 sqft |
| 2021-05-01 | 30 days | 1,500 sqft |
| 2021-06-01 | 31 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 | 50 days | 1,631 sqft |
| 2022-01-01 | 64 days | 1,543 sqft |
| 2022-02-01 | 46 days | 1,562 sqft |
| 2022-03-01 | 34 days | 1,533 sqft |
| 2022-04-01 | 26 days | 1,607 sqft |
| 2022-05-01 | 27 days | 1,685 sqft |
| 2022-06-01 | 36 days | 1,721 sqft |
| 2022-07-01 | 35 days | 1,685 sqft |
| 2022-08-01 | 42 days | 1,749 sqft |
| 2022-09-01 | 42 days | 1,778 sqft |
| 2022-10-01 | 39 days | 1,786 sqft |
| 2022-11-01 | 39 days | 1,740 sqft |
| 2022-12-01 | 45 days | 1,710 sqft |
| 2023-01-01 | 56 days | 1,658 sqft |
| 2023-02-01 | 54 days | 1,677 sqft |
| 2023-03-01 | 46 days | 1,692 sqft |
| 2023-04-01 | 39 days | 1,700 sqft |
| 2023-05-01 | 37 days | 1,733 sqft |
| 2023-06-01 | 37 days | 1,787 sqft |
| 2023-07-01 | 36 days | 1,808 sqft |
| 2023-08-01 | 33 days | 1,882 sqft |
| 2023-09-01 | 38 days | 1,859 sqft |
| 2023-10-01 | 40 days | 1,844 sqft |
| 2023-11-01 | 40 days | 1,794 sqft |
| 2023-12-01 | 49 days | 1,741 sqft |
| 2024-01-01 | 52 days | 1,745 sqft |
| 2024-02-01 | 43 days | 1,759 sqft |
| 2024-03-01 | 35 days | 1,685 sqft |
| 2024-04-01 | 32 days | 1,733 sqft |
| 2024-05-01 | 27 days | 1,779 sqft |
| 2024-06-01 | 38 days | 1,825 sqft |
| 2024-07-01 | 32 days | 1,821 sqft |
| 2024-08-01 | 36 days | 1,863 sqft |
| 2024-09-01 | 37 days | 1,852 sqft |
| 2024-10-01 | 38 days | 1,855 sqft |
| 2024-11-01 | 39 days | 1,777 sqft |
| 2024-12-01 | 46 days | 1,649 sqft |
| 2025-01-01 | 59 days | 1,642 sqft |
| 2025-02-01 | 60 days | 1,641 sqft |
| 2025-03-01 | 0 days | 1,683 sqft |
SPRINGFIELD's median listing age (time on market) for 2025-03-01 was 0 days.
This
is -100%
shorter
than the same period one year ago.
SPRINGFIELD's median square footage for active listings during the 2025-03-01 period was 1,683 sqft. One year prior, the average listing was 1,685 sqft.
SPRINGFIELD's median square footage for active listings during the 2025-03-01 period was 1,683 sqft. One year prior, the average listing was 1,685 sqft.
SPRINGFIELD, IL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,668 | $491,380,000 | $184,175 |
| Refi | 526 | $97,370,000 | $185,114 |
| Cash Out Refi | 345 | $46,735,000 | $135,464 |
| Home Improvement | 295 | $17,725,000 | $60,085 |
| Other | 268 | $16,860,000 | $62,910 |
Springfield's most frequently cited loan purpose was Home Purchase, with 2,668 originations. The 2nd most popular reason was Refi, with 526 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,705 | $321,185,000 | $188,378 |
| 7-8% | 842 | $140,370,000 | $166,710 |
| Over 8% | 490 | $39,250,000 | $80,102 |
| 5-6% | 413 | $66,995,000 | $162,215 |
| 4-5% | 40 | $5,170,000 | $129,250 |
| <2.5% | 34 | $280,000 | $8,235 |
| 3-4% | 6 | $490,000 | $81,667 |
| 2.5-3% | 2 | $180,000 | $90,000 |
During 2024, Springfield's most frequently originated rate bucket was 6-7%, with 1,705 originations.
Loan Sizing (SPRINGFIELD, IL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,516 | $83,990,000 | $55,402 |
| $100k-200k | 1,442 | $209,010,000 | $144,945 |
| $200k-400k | 941 | $257,135,000 | $273,257 |
| $400k-600k | 148 | $69,060,000 | $466,622 |
| $600k-1000k | 47 | $33,865,000 | $720,532 |
| $Over $1MM | 8 | $17,010,000 | $2,126,250 |
SPRINGFIELD's loan sizing saw the bucket of loans from $100,000 or less with 1,516 originations, totaling $83,990,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,660 | $329,800,000 | $198,675 |
| 60-80% | 746 | $137,960,000 | $184,933 |
| Under 20% | 400 | $14,450,000 | $36,125 |
| 20-40% | 370 | $27,210,000 | $73,541 |
| 40-60% | 287 | $46,125,000 | $160,714 |
| Over 100% | 33 | $10,545,000 | $319,545 |
SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,660 originations, totaling $329,800,000 in origination value.