Springfield, MO 65810 Real Estate Market Report

ZIP Code: 65810
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Springfield, MO (ZIP: 65810) stands at $359,900, reflecting a stable market with modest price appreciation. This indicates a consistent demand for properties, as evidenced by the overall market dynamics. The neighborhood has increased 15% since 2023, showcasing a positive trend in property values.

Current market conditions reveal elevated inventory levels, suggesting a balance between buyer and seller activity. The median days on market is 190, indicating a slower sales velocity, which may point to pricing friction as sellers adjust expectations in response to market realities. Despite elevated interest rate pressure, which currently averages 6.125%, rental demand remains strong, with a median market rent of $1,410, contributing to a robust local economic environment.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Springfield, MO are averaging 6.125%, which is 0.37% higher than the average rate of 5.75% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $359,900 indicates a stable market with positive price trends.

2. With 190 days on market, properties are experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. Elevated inventory levels relative to sales activity indicate a balanced market dynamic, allowing buyers more options.

4. The median market rent of $1,410 reflects strong rental demand, supporting overall market stability.

5. Current interest rates are 6.125%, representing elevated pressure that may impact buyer affordability and market activity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.