--- title: "Springfield MO Real Estate Market Report: July 2026" date: 2026-08-04 author: "Zac Albers" featured_image: "https://springfieldmohomesforsale.com/wp-content/uploads/2026/08/springfield-mo-market-report-july-2026.png" categories: - name: "Market Reports" url: "/category/market-reports.md" --- # Springfield MO Real Estate Market Report: July 2026 **Springfield closed 329 homes in July 2026 — up 13% from last July — while the median sale price climbed to $268,000, a 9.4% jump year over year. Inventory barely moved, pending sales held exactly even, and the typical home still went under contract in 11 days, the same pace as a year ago. That combination — more sales, higher prices, steady supply — is the healthiest month any city in this report posted.** Here is what happened band by band, and what it means if you are buying or selling in the metro. +13.1% Homes sold vs. July 2025 329 sold (vs. 291) +3.0% Active inventory 784 active (vs. 761) 0.0% Pending sales 311 pending (vs. 311) 11 Median days on market (CDOM) vs. 11 in July 2025 $316K Average sale price +6.4% year-over-year $268K Median sale price +9.4% year-over-year **Absorption rate: 2.77 months.** *Springfield is absorbing inventory at 2.77 months of supply. Anything under 6 months is a seller’s market; under 3 months is strong seller territory. The metro sits firmly in that strong band — and unlike most of the towns around it, Springfield got there with rising sales rather than shrinking supply.* ## The metro just had its strongest month of the year A 9.4% median jump is a big number, so it is worth being precise about what drove it. Springfield’s sales grew across the middle and upper-middle of the market: the $300K–$400K band was the busiest in the city with 64 closings, and the $250K–$300K band added 51 more. At the same time the entry level stayed active — 47 homes closed under $140K. This was not a case of the low end disappearing and dragging the median up artificially. Buyers were active at every price point, and homes sold at 98.7% of list price. The one number to watch: new listings came in at 395 for the month, down slightly year to date, so supply is not building. Price bandJuly 2025 soldJuly 2026 soldChangeUnder $50K45+25%$50K – $100K1115+36%$100K – $120K87−12%$120K – $140K14140%$140K – $160K1820+11%$160K – $180K2422−8%$180K – $200K1617+6%$200K – $250K5746−19%$250K – $300K4851+6%$300K – $400K3664+78%$400K – $500K2522−12%$500K – $600K1018+80%$600K – $700K913+44%$700K – $800K32−33%$800K – $900K35+67%$900K – $1M14+300%$1M – $1.5M220%$1.5M – $2M01N/A$2M+21−50% Source: regional MLS, July 2026 vs. July 2025, residential sold listings, Springfield (Greene County), MO. ## What buyers should know right now - Speed still matters. An 11-day median means the well-priced homes are gone before a casual weekend search finds them. Get pre-approved before you start touring. - The $300K–$400K band is where the most homes trade in Springfield — 64 closed sales in July. That is where you will find the widest selection and the most comparable sales to price against. - Homes sold at 98.7% of list price, and 97.1% of original list. Lowball offers are not landing in this market; a fair offer on the right house is the winning strategy. - Buying with a [VA](/veteran-va-loan-homes-springfield-mo/) or [USDA](/usda-loan-homes-springfield-mo/) loan? Zac is an Air Force veteran who has used his own VA loan, and parts of the metro’s edges qualify for USDA. ## What sellers should know right now - This was the best month of 2026 to be a Springfield seller: sales up 13%, median up 9.4%, and buyers paying 98.7% of asking. - Inventory is up only 3% year over year, so you are listing into roughly the same competition as last summer while demand has grown. - The 11-day median hides a wide spread — the average listing took 38 days. That gap is almost entirely list price. Homes priced to the comps move in under two weeks. - Springfield is big enough that citywide numbers may not describe your street. A neighborhood-level valuation matters more here than in any other city in this report. ## Year-to-date trends (Jan–Jul 2026 vs. 2025) +9.1% Sold listings YTD 2010 vs. 1843 +9.3% Pending listings YTD 2222 vs. 2033 +11.2% Active listings YTD 3826 vs. 3442 +7.8% New listings YTD 3093 vs. 2870 Want to know what your Springfield home would sell for right now?Springfield’s monthly numbers describe the whole city — not your street, your condition, or your finish level. Get a real, agent-reviewed valuation, not a Zillow estimate. [Get My Free Home Value →](/free-home-valuation-springfield-mo/) Or call Zac directly at 417-413-4305 for a 10-minute market conversation. ## What this means for the rest of 2026 Watch the new-listing count. Springfield’s demand is clearly there — 329 sales and 311 pendings say so — but new inventory is running slightly behind last year. If that continues into fall, expect prices to keep firming and days on market to stay short. The $300K–$400K band is the engine of this market and the place to watch for any first sign of a slowdown. ## The bigger picture Springfield year to date is up 9% in sales and 1.2% in median price — steady growth with no sign of a bubble or a bust. That is what a healthy mid-size market looks like. The July median of $268,000 sits well below the national median, which is exactly why the metro keeps drawing buyers from higher-cost states. For sellers, demand is real and buyers are paying near asking. For buyers, the affordability that brought you here is still intact — but it is eroding about 9% a year, which is the honest argument against waiting. ## Springfield real estate: frequently asked questions ### Is now a good time to buy a home in Springfield, MO? In July 2026, Springfield had 784 active listings and an absorption rate of 2.8 months of supply — a strong seller’s market. The typical home went under contract in 11 days, compared with 11 days in July 2025. Homes sold for about 99% of list price, so there is some room to negotiate below asking on well-priced homes. ### Are home prices going up or down in Springfield, MO? The median sale price in Springfield was $268,000 in July 2026, +9.4% compared with July 2025. Year to date, the median is $248,000, +1.2% versus the same period in 2025. Keep in mind that a monthly median reflects which homes happened to sell that month as much as it reflects changing values — the year-to-date figure is the steadier number. ### How fast do homes sell in Springfield, MO? The median home in Springfield went under contract in 11 days in July 2026 (cumulative days on market), versus 11 days a year earlier. There were 311 pending sales during the month, unchanged from July 2025. Well-priced, move-in-ready homes move fastest; overpriced listings sit regardless of the market. ### How much does a home cost in Springfield, MO? Springfield homes sold at a median of $268,000 and an average of $316,234 in July 2026. The busiest price band was $300K to $400K, with 64 sales that month. Active inventory ranged across 19 price bands, so what you can buy depends heavily on which part of the market you shop. *Figures reflect residential for-sale activity in Springfield (Greene County), MO for July 2026 compared with July 2025, based on regional MLS summary data downloaded August 4, 2026. Counts are taken from MLS price-band totals. Days on market is reported as median CDOM (cumulative days on market). Market data is provided for general information and is not a guarantee of future results or a substitute for professional or financial advice.*