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Springfield, MO’s real estate market in 2025 is both active and balanced, making it a great time for buyers and sellers to make a move. Steady home values, affordable living, and a variety of choices attract new residents and investment to the Ozarks region.​

Springfield Market Trends 2025

The Springfield housing market is seeing expanded inventory, giving buyers more options and elevating negotiations for sellers. As of August 2025, the median home listing price stood at $287,000, with properties selling quickly at a median closed price of $261,000. The average home value is around $237,633, marking slight appreciation of 0.2% year-over-year, and homes typically go pending in just 12 days. There were 1,365 homes for sale mid-year, signaling a healthy balance between supply and buyer demand.​

Affordability Wins

Springfield remains one of the most affordable metros in the Midwest, with a cost-of-living index of 88.4 and average rents at $969. It’s ranked as Missouri’s ninth most affordable city for home buyers, allowing your housing dollar to go farther than in most metropolitan areas. This affordability continues to attract buyers from across the state and country.​

Local Demand and Population Growth

High occupancy rates (around 95-96%) reflect strong demand for Springfield homes and apartments, supported by consistent population growth. New construction has slowed, reducing risk of oversupply and supporting steady appreciation—homes in Springfield have appreciated by about 0.8% over the past year. Investors and renters benefit from the area’s resilience, with annual rent growth forecasted at about 4%, outpacing national averages.​

Tips for Springfield Buyers and Sellers

• Sellers: With stable pricing and healthy demand, prepare your home for showings and price it competitively for quick offers.​
• Buyers: Take advantage of increased inventory and affordable prices—act soon to lock in favorable mortgage rates, which are stabilizing around 6%.​
• Renters and Investors: The market’s robust rental performance and steady supply make Springfield multi-family investments especially appealing.​

Local Real Estate Insights

Springfield is beloved for its blend of small-town charm and city amenities, along with strong schools, abundant parks, and a thriving downtown scene. Whether you’re upsizing, downsizing, or relocating, this is an opportune moment to explore what Springfield real estate can offer you and your family.​

For expert guidance tailored to Springfield’s unique market, connect with a local Realtor for the latest listings, neighborhood insights, and personal advice.