The Springfield housing market is very competitive. The median sale price of a home in Springfield was $200K last month, up 8.1% since last year. The median sale price per square foot in Springfield is $75, down 27.2% since last year.
What is the housing market like in Springfield today?
In March 2024, Springfield home prices were up 8.1% compared to last year, selling for a median price of $200K. On average, homes in Springfield sell after 24 days on the market compared to 14 days last year. There were 182 homes sold in March this year, up from 181 last year.
$90.5K
Sale Price
-46.8% since last year
$75
Sale $/Sq. Ft.
-27.2% since last year
Under List Price
1.8%
Days on Market
14.5
Down Payment
0.0%
Total Homes Sold
182
To compare other locations to the Springfield and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Springfield's median sale price is 78% lower than the national average. Overall cost of living in Springfield is 15% lower than the national average. Learn which home features in Springfield add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Springfield housing market?
Springfield is very competitive. Homes sell in 14.5 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 15 days.
Hot homes
can sell for about 3% above list price and go pending in around 2 days.
Springfield Migration & Relocation Trends
No data on migration and relocation available in this area right now
Learn about migration trends in nearby cities
Home offer insights for Springfield
Explore recent offers and recently sold homes in Springfield
Homes in this area are served by the Division of Youth Service School District, Springfield R-Xii School District, and Ozarks Technical Community College School District.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
David Harrison Elementary School
Public • PreK-4
318
Students
10 reviews
9/10
Wilson's Creek 5-6 Inter. Center
Public • 5-6
475
Students
2 reviews
8/10
McBride Elementary School
Public • PreK-4
506
Students
13 reviews
7/10
Wilder Elementary School
Public • K-5
420
Students
5 reviews
7/10
York Elementary School
Public • PreK-5
249
Students
2 reviews
Only showing 5 of
37 elementary schools.
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.
Risk Factor
Flood Factor - Moderate
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Springfield has a moderate risk of flooding. 2,808 properties in Springfield are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Springfield. Flood risk is increasing slower than the national average.
19% of properties are at risk of wildfire over the next 30 years
Fire Factor
Springfield has a moderate risk of wildfire. There are 11,787 properties in Springfield that have some risk of being affected by wildfire over the next 30 years. This represents 19% of all properties in Springfield.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Springfield has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Springfield is most at risk from hurricanes. 60,902 properties in Springfield have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 54 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 58 mph.