Market Intelligence Report — MO-180

Springfield, MO

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MO-08
As of the latest 2026 data
Stabilizing

Median Listing

$350K
+4.5% YoY

Pending Ratio

0.50
-0.3% YoY

Active Inventory

1,676
-1.8% YoY

Median DOM

51 Days
+0.0% YoY

Primary Intelligence Tool — Sold Score™

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The Springfield metro housing market exhibits stabilizing conditions, with a pending ratio of 0.50 reflecting a balanced absorption of available supply. Median listing prices have experienced a 4.5% increase over the past year, while active listings show a modest annual contraction of 1.8%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.7%-0.5 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

500,694+0.9% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Springfield market right now.

Active listings currently stand at 1,676 units, marking a slight 1.8% year-over-year decline. New listings remained flat annually, indicating consistent replenishment of inventory. The median listing price has appreciated by 4.5% annually, reaching $349,900, while the median $/sqft also rose by 2.9% over the past year. The pending ratio currently holds at 0.50, representing a minor year-over-year decrease of 0.3 percentage points, suggesting a stable, albeit slightly less accelerated, pace of demand absorption.

Historical Analysis

Market Trends

Median Price

$350K+3.3% MoM

Active Inventory

1,676-1.8% YoY

Days on Market

51+0.0% YoY

Sold Score™

69-0.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

69
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.50 and a slight year-over-year decline in active listings, the market indicates a balanced absorption pace without significant inventory pressure favoring either rapid price appreciation or notable concessions. The stable median days on market and a modest year-over-year reduction in price-reduced share suggest that price discipline is generally being maintained.

Luxury Segment

The average listing price increased by 4.7% over the past year, slightly outpacing the 4.5% rise in the median listing price. No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,676 active listings represent the current floor, with new supply arriving at roughly 744 per month.

Pricing Pressure
17.8%

of active listings carry a price reduction, -1.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.9% year-over-year.

Absorption
0.50

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Springfield, MO? Buyer Demand Index is running at 50%.

Springfield, MO is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
50%
Median Days on Market
51 days
Inventory YoY
−2%

Springfield, MO is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Springfield, MO
CBSA Code
44180
State
MO

ZIPs in Springfield, MO

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