Welcome to Springfield, Illinois, where the real estate market is alive with activity and opportunities! At Stratton Real Estate Group, we take pride in offering unparalleled insights into the local market, empowering both buyers and sellers to make informed decisions. In this article, we delve deep into the latest market statistics to provide you with a comprehensive overview of the current landscape.

Homes Closed: 183 One of the most significant indicators of market health is the number of homes that have successfully closed. In Springfield, a total of 183 homes have closed recently, reflecting a vibrant market where transactions are happening regularly. This figure signifies not only the willingness of buyers to invest but also the effectiveness of sellers in pricing their properties competitively.

Average Days on Market: 23 Time is of the essence in real estate, and the average days on market metric is a crucial factor for both buyers and sellers. With an average of just 23 days on the market, homes in Springfield are selling relatively quickly. This suggests high demand and a dynamic market where properties are swiftly finding their rightful owners.

New Listings: 110 New listings inject fresh energy into the market, providing buyers with a diverse array of options to explore. In Springfield, 110 new listings have emerged, offering a mix of properties tailored to various preferences and budgets. Whether you're in search of a cozy bungalow or a spacious family home, there's something for everyone in this bustling real estate landscape.

Average Sales Price: $217,947 The average sales price is a key indicator of market trends and affordability. In Springfield, the average sales price stands at $217,947, representing a fair balance between value and investment potential. This figure underscores the city's appeal as a destination where buyers can secure desirable properties without breaking the bank.

Active Listings: 269 With 269 active listings currently available, Springfield presents a wealth of opportunities for those in the market for a new home. Whether you're a first-time buyer, an investor, or a seasoned homeowner looking to upgrade, the diverse inventory ensures that you'll find the perfect match for your needs.

In conclusion, the real estate market in Springfield, Illinois, is thriving, as evidenced by the latest statistics provided by Stratton Real Estate Group. With a healthy number of homes closed, a swift average days on market, a steady influx of new listings, an attractive average sales price, and a robust inventory of active listings, the city offers a promising landscape for both buyers and sellers. Whether you're looking to make a move or simply staying informed about market trends, Stratton Real Estate Group is here to guide you every step of the way. Get in touch with us today to explore the endless possibilities that Springfield has to offer!