New Listing
5
$89,000
626 W Division St
Springfield, MO 65803
3 bd1 ba952 sqft$93/ft²
House3,920 sqft lot
Keller Williams
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Springfield, MO Housing Market
Seller's market+1.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Springfield, MO is worth $245,882, rose 1.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $217,900, +3.8% year over year (through May 2026). With 2.2 months of supply and homes going under contract in about 12 days, Springfield is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $245,882 home is about $1,313/mo in principal and interest.
Key numbers for Springfield, MO
Typical home value
$245,882
+1.8% in 12 months
Zillow, August 2026
Typical asking rent
$1,200/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$217,900
+3.8% year over year
Redfin, through May 2026
Days on market
12
Fast-moving
Redfin, through May 2026
Active listings
513
2.2 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$45,984
Home costs 5.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
93.0%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Springfield a buyer's or seller's market?
Seller's market2.2 months of supply12 days on market93.0% of asking
Springfield, MO is a seller's market, based on 2.2 months of supply and homes selling in about 12 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Springfield housing market data show?
Every row below is Redfin's final published month for Springfield, MO. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $217,900 |
| Median list price | $165,000 |
| Year-over-year price change | +3.8% |
| Median price per sq ft | $153/sq ft |
| Median days on market | 12 days |
| Active inventory | 513 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 93.0% |
| Homes sold (that month) | 231 |
| New listings (that month) | 405 |
| Listings with a price cut | 27.9% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Springfield is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Springfield is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Springfield home prices moved?
Over the last three years the median sale price in Springfield, MO rose 9.5%, from $199,000 to $217,900. The live Zillow value series has rose 1.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 27.9% of Springfield listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.2 months while the sale-to-list ratio slips below its current 93.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Springfield?
Priced off the typical home value of $245,882 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $49,176 | $196,705 | $1,313/mo |
| 5% | $12,294 | $233,587 | $1,559/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,313, that implies roughly $56,256 a year before you add taxes and insurance. The median household in Springfield earns $45,984, about $10,272 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Springfield in the next 12 months?
Tell us your timeline. We send the Springfield market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Springfield?
Typical asking rent in Springfield, MO is $1,200/mo, against a typical home value of $245,882. That is a price-to-rent ratio of 17.1x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,313 a month — $113 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Springfield?
Active listings in Springfield, MO went from 377 in May 2025 to 513 in May 2026, a +36.1% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 385 | 242 |
| July 2025 | 407 | 254 |
| August 2025 | 441 | 258 |
| September 2025 | 465 | 211 |
| October 2025 | 466 | 251 |
| November 2025 | 448 | 188 |
| December 2025 | 451 | 162 |
| January 2026 | 401 | 179 |
| February 2026 | 373 | 192 |
| March 2026 | 379 | 283 |
| April 2026 | 401 | 300 |
| May 2026 | 513 | 405 |
Redfin, through May 2026
How does Springfield compare to Missouri and the U.S.?
Springfield homes sell for $217,900 — 27% below the Missouri median of $297,500. Against the national median of $410,700, Springfield runs 47% lower. Year-over-year, Springfield moved +3.8% against Missouri's +4.6% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Springfield, MO | $217,900 | +3.8% | 12 days |
| Missouri statewide | $297,500 | +4.6% | 27 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Springfield
What buyers should watch
- Months of supply, currently 2.2. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 27.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $246 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $245,882 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Springfield listing goes under contract in 12 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 93.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Springfield added 405 new listings against 231 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Springfield varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Springfield
There are currently 513 homes listed for sale in Springfield, Missouri. The median listing price is $165K. Featured listings range from $89,000 to $1,175,000.
New Listing
6
$120,000
5912 S Siler Ct
Springfield, MO 65804
Land6,970 sqft lot
Alpha Realty MO, LLC
View photos & details
New Listing
20
$195,000
2203 N National Ave
Springfield, MO 65803
4 bd2 ba1,238 sqft$158/ft²
duplex triplex6,970 sqft lot
Epique Realty
View photos & details
New Listing
44
$214,900
1844 S Dollison Ave
Springfield, MO 65807
3 bd2 ba1,528 sqft$141/ft²
Condo9,148 sqft lot
Murney Associates - Primrose
View photos & details
New Listing
36
$245,000
3853 W Lombard St
Springfield, MO 65802
3 bd2 ba1,458 sqft$168/ft²
House8,712 sqft lot
AMAX Real Estate
View photos & details
New Listing
41
$255,900
726 S Abbey Rd
Springfield, MO 65809
3 bd2 ba1,380 sqft$185/ft²
House20,038 sqft lot
Sturdy Real Estate
View photos & details
New Listing
29
$275,000
513 S Orchard Crest Ave
Springfield, MO 65802
4 bd2 ba1,708 sqft$161/ft²
House10,019 sqft lot
EXP Realty LLC
View photos & details
New Listing
39
$315,000
2466 E Cambridge St
Springfield, MO 65804
3 bd2 ba2,170 sqft$145/ft²
House12,632 sqft lot
House Theory Realty
View photos & details
New Listing
36
$469,900
3233 Shady Glen St
Springfield, MO 65804
4 bd3 ba2,857 sqft$164/ft²
House12,632 sqft lot
Keller Williams
View photos & details
New Listing
45
$489,900
3834 E Stanford St
Springfield, MO 65809
4 bd4 ba4,006 sqft$122/ft²
House13,068 sqft lot
Murney Associates - Primrose
View photos & details
New Listing
59
$699,000
5341 S Woodfield Ave
Springfield, MO 65810
4 bd3 ba4,210 sqft$166/ft²
House17,424 sqft lot
Pell Realty
View photos & details
New Listing
37
$1,175,000
5197 S Stonehaven Dr
Springfield, MO 65809
3 bd3 ba4,978 sqft$236/ft²
House22,651 sqft lot
Century 21 Integrity Group
View photos & details
Looking to buy in Springfield?
Get connected with a local real estate expert — free, no obligation.
Active listings
513
Homes on market
Median list price
$165K
Avg. days on market
12
Days until sale
New this week
405
Newly listed
Price drops:27.9%of listings
Sale-to-list:93.0%
How much do homes cost in Springfield by property type?
How the Springfield, MO market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $217,500 | $153/sq ft | 223 | 12 days |
| Condo / co-op | $257,448 | $148/sq ft | 4 | 35 days |
| Townhouse | $287,500 | $130/sq ft | 2 | 26 days |
Who lives in Springfield?
American Community Survey estimates for Springfield. U.S. Census ACS, 2023
Population
169,432
Households
79,439
Median income
$45,984/yr
Median age
33.6 years
Owner-occupied
42.9%
Median home value
$165,200
Median gross rent
$920/mo
Mean commute
18 min
42.9% of occupied homes in Springfield are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $165,200 against Zillow's $245,882 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $920/mo, below Zillow's $1,200/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Springfield?
50 schools tracked · 25,794 students
The largest public schools serving Springfield, MO 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.
KICKAPOO HIGH
Grades 9-12 · 1,918 students
MOCA-S
Grades K-12 · 1,747 students
CENTRAL HIGH
Grades 6-12 · 1,449 students
GLENDALE HIGH
Grades 9-12 · 1,369 students
PARKVIEW HIGH
Grades 9-12 · 1,274 students
HILLCREST HIGH
Grades 9-12 · 1,079 students
MOCAP Attendance Center
Grades K-12 · 885 students
CHEROKEE MIDDLE
Grades 6-8 · 746 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Springfield, MO?
Ordered by distance from Springfield, not by size. Compare Springfield side by side with any of them.
Which ZIP codes are in Springfield?
These are the ZIP codes we see on active Springfield listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Springfield housing market FAQ
Is Springfield a buyer's or seller's market?
Springfield, MO is currently a seller's market. That read comes from 2.2 months of supply, homes going under contract in about 12 days, and sellers getting 93.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Springfield?
The typical home in Springfield, MO is worth $245,882 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $217,900, about $153 per square foot.
Is Springfield cheaper than the rest of Missouri?
Springfield's median sale price of $217,900 is 27% lower than the Missouri statewide median of $297,500, and 47% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Springfield?
Homes in Springfield, MO spent a median of 12 days on market before going under contract, versus 27 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Springfield?
At the current 30-year fixed rate of 7.03%, 20% down on a $245,882 home is about $1,313 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $56,256 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $45,984.
Are home prices rising in Springfield?
The typical home value in Springfield, MO rose 1.8% over the last 12 months, from $241,486 to $245,882 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Springfield?
Springfield ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Springfield?
That depends on your timeline, not on a headline. What the data says today: Springfield, MO is a seller's market with 2.2 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 17.1x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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