The short answer: Springfield’s median sold price was $241,200 in October 2026, down 3.5% from $250,000 a year earlier. Homes sold in about 31 days on average, and sellers received 98.1% of their list price. There were 788 homes for sale at the end of the month, about 2.8 months of supply.
We pull these numbers straight from the MLS so you don’t have to guess what the Springfield market is doing. Here’s October.
Springfield market at a glance: October 2026 vs. October 2025
| Measure | Oct 2026 | Oct 2025 | Change |
|---|---|---|---|
| Median sold price | $241,200 | $250,000 | Down 3.5% |
| Homes sold | 241 | 271 | Down 11% |
| Active listings | 788 | 848 | Down 7% |
| New listings | 398 | ||
| Average days on market | 30.6 | 36.7 | 6 days faster |
| Sold price to list price | 98.1% |
What the numbers mean
Prices are holding steady, not climbing
Over the last 12 months, Springfield’s monthly median sold price stayed between $228,000 (March) and $266,500 (July). October’s $241,200 sits right in that range. One month’s dip isn’t a trend. The bigger picture is a market that has leveled off after years of fast gains.
Homes priced right still sell fast
The average home sold in about a month, six days faster than last October. Sellers got 98.1% of list price on average. That tells us buyers are still paying close to asking for homes that are priced and prepared well. Homes that sit are usually overpriced for their condition.
Inventory is still tight
Springfield had 788 active listings at the end of October and averaged about 282 sales a month over the past year. That works out to roughly 2.8 months of supply, below the 4 to 6 months often described as a balanced market. Inventory peaked at 909 listings in May and has tightened since.
There’s a gap between list prices and sold prices
The median price of homes currently for sale is $299,900, while the median sold price is $241,200. Part of that is simple: lower-priced homes go under contract faster, so the homes left on the market skew higher. It’s also a reminder that the asking price on a listing isn’t what the market is actually paying.
If you’re buying in Springfield
- Fall and winter usually bring less competition than spring. Fewer buyers are out, and sellers who list now tend to be motivated.
- Get pre-approved before you tour. Good homes still move in weeks, not months.
- Use recent sold prices, not list prices, to decide what to offer.
If you’re selling in Springfield
- Price to the sold data. Buyers are paying close to list for the right homes, and walking past the ones that aren’t.
- Low supply still works in your favor, but buyers have more time to compare than they did a few years ago.
- Small repairs and good photos matter more when buyers aren’t rushing.
Frequently asked questions
Is Springfield, MO a buyer’s or seller’s market right now?
It still leans toward sellers. With about 2.8 months of supply and homes selling at 98.1% of list price, inventory hasn’t caught up with demand. But prices have leveled off and buyers have more room to negotiate than they did in recent years.
What is the median home price in Springfield, MO?
The median sold price for homes in Springfield was $241,200 in October 2026. Over the past 12 months it ranged from $228,000 to $266,500.
How long does it take to sell a house in Springfield?
Homes that sold in October 2026 were on the market for about 31 days on average, compared with about 37 days a year earlier.
Want numbers for your home or your search?
Citywide numbers only tell part of the story. Every neighborhood and price range moves differently. Book a call with us and we’ll pull the numbers for your street or your search, or browse the newest Springfield listings.
Source: MLS data from Flexmls for residential properties in the City of Springfield, MO, pulled November 5, 2026. Months of supply is active listings divided by average monthly sales over the past 12 months. MLS figures can change slightly as listings are updated.