How much do homes in Springfield, MO cost?

Median List Price

$154,980

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$15,176(+10.9%)

Key Takeaway

The list price of homes in Springfield has increased by 10.9% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $40K$56.9K+42.3%
2 $75K$89.9K+19.9%
3 $138.9K$157.5K+13.3%
4 $224.7K$239.9K+6.7%
5+ $329K$349.9K+6.4%

Median List Price Compared To Nearby Cities

Campbell No. 2 Township
+19.5%
Campbell No. 2C Township
+15.0%
Wilson A Township
+12.2%
Springfield
+10.9%
Springfield Township
+10.9%

How many homes are available in Springfield, MO?

Number of Homes For Sale

Jul 2021Aug 2021%
821756-7.9%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 1716-5.9%
2 187174-7.0%
3 426387-9.2%
4 134132-1.5%
5+ 5747-17.5%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
84 Days44 Days-46.6%

Breakdown of Home Sale Times

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Key Takeaway

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About Springfield, MO

Springfield, MO has 756 homes on the market. The inventory of homes for sale in Springfield, MO between July 2021 and August 2021 decreased by 7.9%. While the average time on the market in August 2021 was 44 days, the median list price was $154,980. This housing market listing prices have changed between July 2021 and August 2021: 1 bedroom properties became 42.3% more expensive, 2 bedrooms properties prices increased by 19.9%, 3 bedrooms properties became 13.3% more expensive, the cost of 4 bedrooms properties went up by 6.7%, 5 bedrooms properties prices increased by 6.4%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 5.9%, number of 2 bedrooms homes decreased by 7%, 3 bedrooms homes became 9.2% less available, 4 bedrooms homes became 1.5% less available, 5 bedrooms homes became 17.5% less available. Over 126 listings were sold over their listed price in August 2021 in Springfield, MO. In the same period over 81 listings were sold below the listed price and 55 listings were sold for the listed price.

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