Is Springfield, KY 40069 a buyer’s or seller’s market?
Springfield is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 3% of U.S. ZIP codes, and #153 of 160 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Springfield housing market right now
In the three months ending August 31, 2026, 0% of homes in Springfield, KY 40069 sold above their list price, the typical home went under contract in 67 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 24 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (53 days then) and the median sale price fell 3% to $237,797. Overall, Springfield is less competitive than a year ago, which gives buyers more room.
On our competition score, Springfield ranks #153 of 160 KY ZIP codes with enough sales (score 9 out of 100).
Nearby, Mackville 40040 (100% sold over asking) and Willisburg 40078 (50% sold over asking) are even more competitive.
Run the numbers for 40069
Nearby markets
Mackville 40040Seller’s market $262 /sq ftWillisburg 40078Buyer’s market $216 /sq ft Browse all markets →Towns like Springfield nearby
Find towns like Springfield in other states →Where Springfield is
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Questions about Springfield real estate
Is Springfield a buyer’s or seller’s market?
A buyer’s market: there were 6.1 months of supply in Springfield, KY 40069 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Springfield?
The typical home went under contract in 67 days in the latest three months.
Do homes in Springfield sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Springfield?
About 0.66% of a home’s value a year in Washington County, or roughly $2,640 on a $400,000 home.
What is the median home price in Springfield?
The median sale price was $237,797 in the three months ending August 31, 2026, about $134 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology