Is Springfield, MO 65806 a buyer’s or seller’s market?
Springfield is a seller’s market. With about 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, MO 65806 sold above their list price, the typical home went under contract in 23 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 40 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (26 days then) and the median sale price rose 10% to $159,831. Overall, Springfield is about as competitive as it was a year ago.
Within Greene County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 65806
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
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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 months of supply in Springfield, MO 65806 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 23 days in the latest three months.
Do homes in Springfield sell over asking?
0% of homes sold above their original 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 $159,831 in the three months ending August 31, 2026, about $138 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