Springfield - MO housing market

The typical home value ($273,356) 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 2.9% over the past year. In Springfield - MO, that means a home worth $265,652 last year is now worth roughly $273,356.

The median sale price, what homes actually close for, is $264,592. Homes are selling at 98.3% of list price, meaning buyers have room to negotiate.

Homes listed in Springfield - MO sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 767 new listings hit the market each month in Springfield - MO. There are currently 2,203 homes for sale, up 1.8% from a year ago.

The typical monthly rent in Springfield - MO is $1,261, up 4.1% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.1x, toss-up (#78 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,405 a month in principal and interest, $144 more than renting before taxes, insurance and upkeep. The two break even at a 5.64% 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 September 2026. Methodology →