Is Springfield, MO 65803 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 2.1 months of supply and 1% 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.
More competitive than 56% of U.S. ZIP codes, and #140 of 263 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, 1% of homes in Springfield, MO 65803 sold above their list price, the typical home went under contract in 17 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 172 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 (13 days then) and the median sale price rose 11% to $196,915. Overall, Springfield is about as competitive as it was a year ago.
Within Greene County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Springfield ranks #140 of 263 MO ZIP codes with enough sales (score 55 out of 100).
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Nearby markets
Ash Grove 65604Seller’s market $161 /sq ftBois D Arc 65612Seller’s market $201 /sq ftBrookline 65619Seller’s market $179 /sq ftFair Grove 65648Seller’s market $152 /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 seller’s market: there were 2.1 months of supply in Springfield, MO 65803 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 17 days in the latest three months.
Do homes in Springfield sell over asking?
1% of homes sold above their original list price, and the typical sale closed at 100.6% of the list price.
What are property taxes in Springfield?
About 0.71% of a home’s value a year in Greene County, or roughly $2,840 on a $400,000 home.
What is the median home price in Springfield?
The median sale price was $196,915 in the three months ending August 31, 2026, about $149 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