Comprehensive market data and analysis• Updated Oct 2026
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 1 | 2 |
Acreage buckets
The median price for land in Springfield, Minnesota is currently $15K per acre. For a typical parcel, the median sale price is $39K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $20K while premium lots reached $59K.
There are currently 3 active listings in Springfield, Minnesota. 1 new listings have hit the market in the last 90 days. The median asking price is $15K.
Land in Springfield, Minnesota typically sells within 40 days of listing. The median time on market is 40 days. Properties are moving quickly in the current strong buyer's market.
Land in Springfield, Minnesota averages $15K per acre. The median price per acre is $15K, which may be more representative of typical transactions. Most parcels sold are around 10.5 acres.
The 12-month rate is 5.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The top-performing broker in this market is Reiner Real Estate.
Over the past 12 months, Springfield, Minnesota saw 2 properties sold, totaling $79K in sales volume.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Springfield on LandyDandy.
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