Is Springfield, CO 81073 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Springfield is a buyer’s market. With about 17.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply17.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list82.7%Sold price ÷ list price
Median days on market161Listing to accepted offer
Median price per sq ft$58▼ −48.0% vs. last year

The Springfield housing market right now

In the three months ending August 31, 2026, 0% of homes in Springfield, CO 81073 sold above their list price, the typical home went under contract in 161 days and there were 17.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 (98 days then) and the median sale price fell 6% to $152,434. Overall, Springfield is less competitive than a year ago, which gives buyers more room.

Nearby markets

Walsh 81090 — /sq ft Browse all markets →

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 17.6 months of supply in Springfield, CO 81073 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 161 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 82.7% of the list price.

What are property taxes in Springfield?

About 0.44% of a home’s value a year in Baca County, or roughly $1,760 on a $400,000 home.

What is the median home price in Springfield?

The median sale price was $152,434 in the three months ending August 31, 2026, about $58 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