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Short Sale Listings in Springfield, MO 65802

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Living in Springfield, MO

Springfield, MO, is a dynamic city that offers residents a mix of urban amenities and natural beauty. With a robust educational system and diverse economic opportunities, Springfield is ideal for families and individuals. Outdoor activities abound, from parks to hiking trails, making it a great location for those who enjoy an active lifestyle.

Current Market Conditions in Springfield, MO

The real estate market in Springfield has shown steady growth, with home values appreciating at a consistent rate over the past few years. This growth is indicative of an area that is becoming increasingly desirable for both homeowners and investors.

As demand for housing increases, particularly among first-time buyers and families, investors can find lucrative opportunities in both residential and commercial properties. The city's affordable price range compared to state and national averages makes it an attractive option for real estate investment.

Home Value Estimator For Springfield, MO

There are currently 52,401 real estate properties in Springfield, MO, with a median automated valuation model (AVM) price of $230,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Springfield, MO, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Springfield, MO, is $272,170.00, with the most expensive house in Springfield, MO, topping out at $5,375,494.00 and the cheapest home in Springfield, MO, clocking in at $17,044.00. In other words, there’s something for every potential homebuyer or savvy investor in Springfield, MO!

Rent Prices In Springfield, MO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Springfield, MO, is on a rollercoaster ride. The average rent price in Springfield, MO, is $916.00. Indeed, when looking to rent in Springfield, MO, you can expect to pay as little as $400.00 or as much as $1,980.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Springfield, MO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Springfield, MO 65802 Short Sale Listings


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