Springfield - MO housing market
The Springfield metro has a typical home value of $274,818, up 2.7% from a year ago. Homes are moving fast at 13 days on market, a strong seller's market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($274,818) 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 2.7% over the past year. In Springfield - MO, that means a home worth $267,593 last year is now worth roughly $274,818.
The median sale price , what homes actually close for , is $262,214. 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 13 days before going pending. Shorter = seller's market; longer = buyer's market.
About 24.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 792 new listings hit the market each month in Springfield - MO. There are currently 2,117 homes for sale, up 1.6% from a year ago.
The typical monthly rent in Springfield - MO is $1,268, up 2.8% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.
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.
Other metros in MO
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| St. Louis - MO | $280,016 | +3.1% | 6.0d |
| Kansas City - MO | $331,714 | +3.7% | 6.0d |