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Housing in Springfield

21 homes sold in Springfield in the last year, at a typical $154K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Springfield homes are listed.

Homes sold
21
June 2025 to May 2026
Typical sale price
$154K
median, weighted by sales
Price per square foot
$95
Minnesota $190
Paid vs. asking
95.1%
14% sold over asking
For sale now
5
May 2026 · 3 sold that month
What sold · last 12 months

Houses are 95% of Springfield’s sales, at a typical $156K

21 homes sold in the year to May 2026.

Houses$156K

typical sale · 20 sold in 12 months

Per square foot
$97MN $191
Days to sell
68
Sold over asking
15%
Listings with a price cut
23%
Fewer sales

Multi-family (2–4 units): 1 sold, typical $155K

Too few sales in 12 months for reliable figures.

11 years of sales

Fewer homes sell than before 2022, at 2.2 times the 2016 price

21 sales in the last year, against 49 in 2021 and a low of 22 in 2016. The typical sale went from $71K in 2016 to $154K.

Homes soldTypical sale price
012253750$50K$100K$150K$200K2012: 40 sold, typical $64K’122014: 29 sold, typical $53K2015: 33 sold, typical $53K’152016: 22 sold, typical $71K2017: 28 sold, typical $82K’172018: 23 sold, typical $76K2020: 30 sold, typical $96K’202021: 49 sold, typical $97K2022: 42 sold, typical $112K’222023: 27 sold, typical $155K2024: 31 sold, typical $105K’24Last 12 months: 21 sold, typical $154KNow

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $150K buys in Springfield

Houseat $97 a sq ft
The same money in Minnesotaat $191 a sq ft

Is this asking price fair?

Check a listing against what Springfield homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

Rent or buy?

Owning the typical Springfield home costs about $969 a month

Mortgage
Property tax
Insurance
Rent

Price: Springfield’s typical sale, last 12 months. Property tax at Springfield’s 1.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Springfield is affordable on local pay is on Cost of living.

Before you buy in Springfield

Five things worth knowing

1.3%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $154K home, about $1,980 a year.

Taxes vs. neighbors
A+

Schools

The schools grade for Springfield, from test results, graduation and how much students grow.

Schools in Springfield
20 min

Typical commute

The average one-way trip to work for people who live in Springfield.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Springfield, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Springfield. People who follow the town see it, and so do people comparing Springfield with their own town. No commission, no listing fee.

Questions about buying a home in Springfield

What do homes sell for in Springfield, MN?

21 homes sold in the year to May 2026 at a typical $154K, $95 a square foot.

Is Springfield a buyer’s or seller’s market?

A seller’s market: 5 homes were for sale in May 2026 and 3 sold, about 1.7 months of supply. Buyers paid 95.1% of asking on average, and 20% of listings cut their price.

How much are property taxes in Springfield?

About 1.3% of a home’s value a year. On a $154K home that’s near $1,980.

Where can I see homes for sale in Springfield?

Zillow, Redfin, Realtor.com and Homes.com all carry Springfield’s MLS listings; the search links above open each one filtered to Springfield.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).