Is Springfield, SD 57062 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Springfield housing market right now
In the three months ending August 31, 2026, 0% of homes in Springfield, SD 57062 sold above their list price, the typical home went under contract in 99 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (19 days then) and the median sale price fell 34% to $167,428. Overall, Springfield is less competitive than a year ago, which gives buyers more room.
Within Bon Homme County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Scotland 57059 (50% sold over asking) and Tyndall 57066 (50% sold over asking) are even more competitive.
Run the numbers for 57062
Nearby markets
Avon 57315Seller’s market $157 /sq ftScotland 57059Buyer’s market $60 /sq ftTabor 57063Seller’s market $203 /sq ftTyndall 57066Seller’s market $119 /sq ft Browse all markets →Towns like Springfield nearby
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Questions about Springfield real estate
Is Springfield a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Springfield, SD 57062 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 99 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 95.0% of the list price.
What are property taxes in Springfield?
About 1.27% of a home’s value a year in Bon Homme County, or roughly $5,080 on a $400,000 home.
What is the median home price in Springfield?
The median sale price was $167,428 in the three months ending August 31, 2026, about $110 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