Housing in Springfield, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$263,000
Median List Price
$184,900
Price Per Sq Ft
$116
Days on Market
2
Active Inventory
7
Months of Supply
3.5
Seller's market
Zillow Home Value
$200,975
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
50.0%
Sale-to-List Ratio
97.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$116
Median List $/SF
$115
Springfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Springfield is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$117,600
Median Rent
$781
Total Housing Units
1,020
Vacancy Rate
8.6%
Owner Occupied
74.8%
Renter Occupied
25.2%
Median Property Tax
$1,479
per year
Monthly Cost (w/ Mortgage)
$762
Housing Types
The current median sale price in Springfield, MN is $263,000 according to Redfin data. Homes spend a median of 2 days on the market. 50.0% of homes sold above asking price. The market has 3.5 months of supply. The median price per square foot is $116. The median rent is $781 per month (Census ACS). About 74.8% of housing units are owner-occupied. The median year homes were built is 1950. There are 1,020 total housing units.