Comprehensive market data and analysis• Updated Dec 2025
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 1 | 1 |
Acreage buckets
The median price for land in Springfield, Minnesota is currently $27K per acre. For a typical parcel, the median sale price is $15K. Recently, the cheapest land sold for $15K while premium lots reached $15K.
Springfield, Minnesota is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Springfield, Minnesota currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 3 active listings in Springfield, Minnesota. The median asking price is $5K.
Land in Springfield, Minnesota typically sells within 79 days of listing. The median time on market is 79 days. Properties are moving at a moderate pace in the current buyer's market.
Land in Springfield, Minnesota averages $27K per acre. The median price per acre is $27K, which may be more representative of typical transactions. Most parcels sold are around 24,394 sq ft.
The 3-month absorption rate in Springfield, Minnesota is 11.1%. The 12-month rate is 2.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
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.
