Springfield, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Springfield, MN is $263,000, up 107.9% year-over-year. Homes sell in an average of 2 days with 7 active listings. The market is currently a seller's market.
$263,000median sale price
Is Springfield a buyer's or seller's market?
Springfield, MN is currently a seller's market, based on 3.5 months of supply and homes selling in about 2 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
2
Fast-moving
Active listings
7
3.5 months supply
Sale-to-list
97.7%
Below asking
Springfield, MN market data
| Metric | Value |
|---|---|
| Median sale price | $263,000 |
| Median list price | $184,900 |
| Year-over-year price change | +107.9% |
| Average days on market | 2 days |
| Active inventory | 7 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 97.7% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Springfield housing market is currently classified as a seller's market with a median sale price of $263,000. Prices have risen 107.9% compared to last year, with homes spending an average of 2 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Springfield
There are currently 7 homes listed for sale in Springfield, Minnesota. The median listing price is $185K.
Active listings
7
Homes on market
Median list price
$185K
Avg. days on market
2
Days until sale
New this week
1
Newly listed
Top public schools in Springfield
2 schools tracked · 599 students
The largest public schools serving Springfield, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SPRINGFIELD ELEMENTARY
Grades PK-6 · 300 students
SPRINGFIELD SECONDARY
Grades 7-12 · 299 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Springfield?
The median home sale price in Springfield is $263,000, up 107.9% from last year.
How long do homes stay on market in Springfield?
Homes typically spend 2 days on market before going under contract.
Is Springfield a buyer's or seller's market?
With 3.5 months of supply, Springfield is currently a seller's market.
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