How much does it cost to buy a house in Springfield, MN?

In May 2026 Springfield homes were listed to buy for a median price of $100K, which is a 72% decrease to April 2025 last month, and a 71% decrease to May 2025 last year. The median value of a home listed to buy in Springfield in May 2026 was $74 per sqft, which is a 43% decrease to April 2025 last month, and a 43% decrease to May 2025 last year.

Is it affordable or expensive to live in Springfield, MN?

It is affordable to live in Springfield. Buying a home in Springfield is 0% less expensive compared with the national average.

Is it a good time to buy property in Springfield, MN?

Yes now is a good time to buy property in Springfield, in May 2026, homes in Springfield have decreased in value (price per sqft) by 43% in the last year compared with May 2025.

Is the Springfield, MN housing market slowing down?

In May 2026, homes to buy in Springfield spent an median 181 days on the market, a same May 2025 last year.

How much money should I make to buy a house in Springfield, MN?

In May 2026, Springfield homes were listed to buy for a median price of $100K, with 25% down you would need $614/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $21K.

Is it a good time to sell my house in Springfield, MN?

Yes now is a good time to sell your house in Springfield, in May 2026, homes in Springfield have decreased in value (price per sqft) by 43% in the last year compared with May 2025.