Comprehensive market data and analysis• Updated Dec 2025
8.7 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 5 |
| 1-2 acres | - | 2 | 2 | 3 |
| 2-5 acres | - | - | 1 | 6 |
| 5-10 acres | - | 4 | 6 | 8 |
| 10-20 acres | 2 | 4 | 6 | 16 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | 3 |
| 100+ acres | - | - | - | 2 |
| TOTAL | 2 | 11 | 16 | 44 |
Acreage buckets
The median price for land in Springfield, Kentucky is currently $12K per acre. For a typical parcel, the median sale price is $96K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $21K while premium lots reached $365K.
Springfield, Kentucky is currently a balanced market with 8.7 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 154.6% year-over-year.
Springfield, Kentucky currently has 8.7 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
There are currently 32 active listings in Springfield, Kentucky. 13 new listings have hit the market in the last 90 days. The median asking price is $128K.
The 3-month absorption rate in Springfield, Kentucky is 11.5%. The 12-month rate is 11.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Springfield, Kentucky typically sells within 98 days of listing. The median time on market is 78 days. Properties are moving at a moderate pace in the current balanced market.
Over the past 12 months, Springfield, Kentucky saw 44 properties sold, totaling $7.1M in sales volume. In just the last 3 months, 11 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
