Is Springfield, AR 72157 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Springfield is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Springfield housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Conway County, AR

Population	1,483
Median income	$62,931
Average income	$56,165
Median home value	$140,300
Owner-occupied	86% of homes
Median year built	1993
Walkability	3.1 of 20 · least walkable

Natural hazard riskTornadoes (very high), extreme heat (relatively high), winter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 72157; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 72157

Prefilled for 72157Can I win this house?Multiple-offer likelihood for a listing Prefilled for 72157Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Center Ridge 72027Buyer’s market $86 /sq ft Cleveland 72030 — /sq ft Hattieville 72063Buyer’s market $76 /sq ft Morrilton 72110Seller’s market $130 /sq ft Browse all markets →

Towns like Springfield nearby

Find towns like Springfield in other states →

Damascus, AR72039 · 10 miles away90% similarpricier homes ($39K more) Bigelow, AR72016 · 21 miles away90% similarpricier homes ($32K more) · larger Rose Bud, AR72137 · 27 miles away88% similarlarger Mount Vernon, AR72111 · 24 miles away87% similarpricier homes ($38K more)

Where Springfield is

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Questions about Springfield real estate

What are property taxes in Springfield?

About 0.56% of a home’s value a year in Conway County, or roughly $2,240 on a $400,000 home.

Local agents

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More tools for 72157

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Conway County property taxes Conway County loan limits Closing costs in Arkansas Hottest ZIP codes in Arkansas

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology