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Cheap Homes in Springfield, MO 68507

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Springfield, MO Foreclosures

Current Market Conditions in in Springfield, MO As of February 2026?
Over the past month, Springfield's real estate market has continued to show signs of strength. There has been a steady increase in the average sale prices, reflecting a strong demand among buyers. The number of homes sold has also increased slightly, indicating that more buyers are actively looking despite economic uncertainties. Sellers who price their homes appropriately are finding success in closing deals more quickly compared to previous months.
How much do homes sell for in Springfield, MO?
The average home price is currently $288,850.
What’s the average rental cost in Springfield, MO?
The average rental price in Springfield is $919.
What is the most expensive home in Springfield?
The most expensive home sold in Springfield had a price of $47,910,100.
What is currently the cheapest priced home in Springfield, MO?
The cheapest home for sale in Springfield is priced at $10,010.

Living in Springfield, MO

Springfield, MO, is a city that combines a rich historical heritage with modern amenities. Residents enjoy a vibrant cultural scene, extensive options for outdoor activities, and quality educational institutions. With its friendly atmosphere and affordable housing, Springfield is an attractive place for families and young professionals alike.

Buyer vs Seller Market in Springfield, MO

The Springfield real estate market has been stable over the last year, with a slight uptick in home prices due to increasing demand and low inventory. The market remains competitive, making it a good time for sellers to consider listing their homes. Interest rates remain favorable, contributing to buyer activity, particularly among first-time homebuyers who are looking for affordable options in the area.

As of now, homes in the Springfield area are selling quickly, with many listings receiving multiple offers. The trend is towards slightly increasing prices, which indicates a healthy balance of supply and demand.

Home Value Estimator For Springfield, MO

There are currently 81,490 real estate properties in Springfield, MO, with a median automated valuation model (AVM) price of $239,295.00. 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 $288,850.00, with the most expensive house in Springfield, MO, topping out at $47,910,100.00 and the cheapest home in Springfield, MO, clocking in at $10,010.00. 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 $919.00. 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 $970.00. 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.

Cheap Homes in Springfield, MO 68507

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