Market report, updated

Springfield Home Values and Market Report

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LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 12 months, homes sold for 5275447.0% of list price in 138 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $178K Sold · $150K
$790K$530K$270K$10K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 3 sales in Mar. Last month: 1.

Where the market stands

All homes in this report, by status.

45homes
Active16 · 36%
Under contract1 · 2%
Sold (12 mo)28 · 62%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

6.9months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$226K
Under contract$74K
Sold$198K

Average days on market

Active248 days
Under contract46 days
Sold138 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 16
Average list price $225,987
Avg. days on market 248 days
Avg. price per ft² $141 Based on 8 of 16 homes
Avg. living area 2,085 ft² Based on 8 of 16 homes
Avg. beds / baths 4.2 / 2.1

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

8 homes didn’t report living area and aren’t shown.

$600K$400K$200K$0

Price vs. living area: 8 homes plotted, up to $600K and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

8 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

xxx Garden Street$348
38956 County Road 24$153
403 S Paffrath Avenue$152
404 E Cottonwood Street$125
104 S Park Avenue$117
313 Hoyt Avenue$111
302 W Lincoln Street$79

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
313 Hoyt AvenueSpringfield, MN 56087 421,388$155,000$1114 days
302 W Lincoln StreetSpringfield, MN 56087 422,032$162,000$7911 days
38956 County Road 24Springfield, MN 56087 522,080$319,500$15319 days
101 N Cass AvenueSpringfield, MN 56087 ———$194,500—30 days
404 E Cottonwood StreetSpringfield, MN 56087 311,316$164,500$12542 days
104 S Park AvenueSpringfield, MN 56087 422,040$239,000$11756 days
TBD 2nd IndustrialSpringfield, MN 56087 ———$55,000—107 days
202 N Cass AvenueSpringfield, MN 56087 844,900$234,900$47112 days
602 N Jackson AvenueSpringfield, MN 56087 ———$459,900—112 days
403 S Paffrath AvenueSpringfield, MN 56087 421,698$259,000$152134 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.