Springfield - MO housing market

The typical Springfield home is worth $270,546 as of September 2026, up 0.3% from the prior month, up 0.8% over three months, and up 3.2% from a year ago. Over the past two years values have ranged from $259,950 to $270,546.

Homes are going pending in about 18 days, slower than the 13 days seen three months earlier. There are roughly 2,141 homes for sale, 2% fewer than a year ago. 27.8% of listings have taken a price cut (up from 24.2% three months ago).

Typical rent is $1,251 a month, up 5.7% year over year, which puts the price-to-rent ratio at 18.0.

At this week's 7.40% mortgage rate with 20% down ($54,109), the typical Springfield home costs about $1,837 a month including tax and insurance, which needs a household income of roughly $78,700 to stay under a 28% payment-to-income ratio.

The typical home value ($270,546) is the Zillow Home Value Index for the Springfield - MO metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.2% over the past year. In Springfield - MO, that means a home worth $262,157 last year is now worth roughly $270,546.

The median sale price, what homes actually close for, is $268,289. Homes are selling at 98.1% of list price, meaning buyers have room to negotiate.

Homes listed in Springfield - MO sit on the market for roughly 18 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 663 new listings hit the market each month in Springfield - MO. There are currently 2,141 homes for sale, down 2.0% from a year ago.

The typical monthly rent in Springfield - MO is $1,251, up 5.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.0x, toss-up (#74 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,499 a month in principal and interest, $248 more than renting before taxes, insurance and upkeep. The two break even at a 5.66% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →