Altos Market Data for Realtors

Springfield, MO

Single-Family Homes

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Springfield, MO

Thu Mar 28 2024
This week the median list price for Springfield, MO is $313,497 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has increased to 336. Click here to stay informed with the Springfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Springfield, MO

Thu Mar 28 2024
This week the median list price for Springfield, MO is $313,497 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has increased to 336. Click here to stay informed with the Springfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Springfield market.
Median List Price $313,497
Median Price of New Listings $322,350
Per Square Foot $152
Average Days on Market 78
Median Days on Market 42
Price Decreased 34%
Price Increased 2%
Relisted 11%
Inventory 336
Median Rent
Market Action 47
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$622,450 3,691 0.25 - 0.5 acre 4 3 17 15 10 73
$380,495 2,407 0.25 - 0.5 acre 4 2.5 22 15 17 56
$249,900 1,584 0.25 - 0.5 acre 3 2 50 14 19 35
$129,700 1,028 6,500 - 8,000 sqft 2 1 91 10 21 35