01118 Home Values & Market Trends

There are 5 homes currently listed for 01118. 01118 real estate market trends show that home prices range from $170,000 to $264,900, and the median sales price in the 01118 zip code is $284,932.66. The total number of properties sold within the past twelve months is 221. In 01118, 22 properties are in foreclosure, 1 are bank owned properties,and 3 are headed for auction.

01118 Real Estate Market Overview

CityMedian Est. Value
Springfield

$ 272,065

$ 195/sqft

Housing Market Summary for 01118

Apr 2023March 2024Change
Median Listing Price$252.4K$277.8K10.07%
Median Sold Price$260K$277.8K6.86%
Homes For Sale66-
Homes Sold13699-27.21%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 01118

The median list price of a home in Springfield, is $284,932.66. A total of 5 properties are for sale, and the percentage of properties for sale in the zip code is 5.00%. The total count of 01118 properties is 5,084.

Foreclosure
There is 1 cities within 01118; within this cities, the median estimated home value for homes in foreclosure ranges from $417,318 in springfield to the lowest value of $146,500 in springfield. Foreclosure homes account for 0.00% of properties in 01118 with springfield containing 229 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.35% of all residential properties in 01118 with springfield containing 171 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 01118; of that cities, the estimated home value for pre-foreclosure homes ranges from $417,318 in springfield to the lowest home value of $174,999 in springfield.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 01118 ranges from the highest value of $317,797 in springfield to the lowest value of $146,500 in springfield. Bank owned homes and properties account for 0.02% of properties in 01118. There is 1 cities within 01118; springfield containing 11 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    springfield has 47 auction properties, the highest number of properties going to auction in a single city in the state of 01118. Auction homes and other auction properties account for 0.06% of all properties in 01118. There is 1 cities within 01118; of that cities, the median estimated home value for homes going to auction ranges from $338,400 in springfield to the lowest value of $180,000 in springfield.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.10% of residential properties in 01118 with springfield containing 27 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 01118; homes for sale in that cities, have a range of median values from $386,500 in springfield to the lowest value of $180,000 in springfield.
    Sold Homes
    The median value for recently sold homes ranges from $1,740,223 in springfield to the lowest price of $29,760 in springfield. There is 1 cities within 01118. springfield has 828 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.85% of properties in 01118.

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      Guide for 01118

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Boston Real Estate: A Year of Growth – Market Report March 2024
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports|posted 14 March 2024

      This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Recently Listed Homes 01118

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