Springfield, MN Housing Market

The Springfield housing market is very competitive. The median sale price of a home in Springfield was $127K last month, down 10.8% since last year. The median sale price per square foot in Springfield is $77, down 21.8% since last year.

Trends
Demand
Migration
Schools
Climate

Springfield Housing Market Trends

What is the housing market like in Springfield today?

In January 2025, Springfield home prices were down 10.8% compared to last year, selling for a median price of $127K.

$127K

Sale Price

-10.8%
since last year

$77

Sale $/Sq. Ft.

-21.8%
since last year

Under List Price

4.7%

Days on Market

28.5

Down Payment

—

Total Homes Sold

To compare other locations to the Springfield and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Springfield add value to a home.

How hot is the Springfield housing market?

Springfield is very competitive. Homes sell in 28.5 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 5% below list price and go pending in around 29 days.
Hot homes
can sell for about 1% above list price and go pending in around 5 days.

Compare With Nearby Cities

Sleepy Eye

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 25 days.
Hot homes
can sell for around list price and go pending in around 10 days.

See more nearby cities and neighborhoods

Springfield Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Springfield that sold recently

Recently sold homes

SOLD FEB 26, 2025
$144,000 Last Sold Price
2 beds
1 bath
—sq ft
511 N Van Buren Ave, Springfield, MN 56087
List Price
$148,500
Sale to List
3% under list
Days on Market
48 days
511 N Van Buren Ave, Springfield, MN 56087
SOLD FEB 14, 2025
$135,000 Last Sold Price
3 beds
2 baths
—sq ft
324 W Central St, Springfield, MN 56087
List Price
$139,900
Sale to List
4% under list
Days on Market
155 days
324 W Central St, Springfield, MN 56087
SOLD FEB 12, 2025
$75,000
3 beds
1 bath
1,246 sq ft
418 W Lincoln St, Springfield, MN 56087
List Price
—
Sale to List
—
Days on Market
—
418 W Lincoln St, Springfield, MN 56087
SOLD JAN 27, 2025
$390,000
—beds
—baths
—sq ft
403 Von Fischer Ave, Springfield, MN 56087
List Price
—
Sale to List
—
Days on Market
—
403 Von Fischer Ave, Springfield, MN 56087
SOLD JAN 17, 2025
$260,000
3 beds
3 baths
1,825 sq ft
400 S Range Rd, Springfield, MN 56087
List Price
—
Sale to List
—
Days on Market
—
400 S Range Rd, Springfield, MN 56087
SOLD JAN 16, 2025
$126,500 Last Sold Price
4 beds
2 baths
—sq ft
223 N Jackson Ave, Springfield, MN 56087
List Price
$125,000
Sale to List
1% over list
Days on Market
132 days
223 N Jackson Ave, Springfield, MN 56087
SOLD DEC 4, 2024
$55,000 Last Sold Price
4 beds
2 baths
—sq ft
323 N Park Ave, Springfield, MN 56087
List Price
$65,000
Sale to List
15% under list
Days on Market
78 days
323 N Park Ave, Springfield, MN 56087
SOLD NOV 26, 2024
$75,000 Last Sold Price
3 beds
2 baths
—sq ft
302 E Sanborn St, Springfield, MN 56087
List Price
$75,000
Sale to List
0% over list
Days on Market
70 days
302 E Sanborn St, Springfield, MN 56087
See all recently sold homes in Springfield.
See listings

Schools in Springfield

Learn about schools in the Springfield area

Elementary
Middle
High

GreatSchools Rating

10/10

Springfield Elementary School

Public • PreK-6

298

Students

N/A

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Springfield housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Springfield.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

97% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Springfield

Nearby City Housing Markets

Zip Code Housing Markets

56087 Housing Market

Nearby City Listings

Zip Code Listings

56087 Real Estate

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