Is now a good time to buy land in Springfield, Missouri?
Springfield, Missouri is currently a strong buyer's market with 38.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
38.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 15 | 37 | 81 |
| 1-2 acres | - | 1 | 3 | 7 |
| 2-5 acres | - | 1 | 8 | 18 |
| 5-10 acres | - | 3 | 6 | 9 |
| 10-20 acres | - | 2 | 3 | 8 |
| 20-50 acres | - | - | 1 | 2 |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 22 | 58 | 127 |
Springfield, Missouri is currently a strong buyer's market with 38.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Springfield, Missouri currently has 38.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Springfield, Missouri is 2.6%. The 12-month rate is 3.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Springfield, Missouri saw 127 properties sold. In just the last 3 months, 22 properties changed hands.
The current absorption rate in Springfield, Missouri is 2.6% (3-month basis), indicating slow demand. The top-performing broker in this market is Murney Associates - Primrose.
Land in Springfield, Missouri typically sells within 228 days of listing. The median time on market is 70 days. Properties are moving slowly in the current strong buyer's market.
There are currently 282 active listings in Springfield, Missouri. 93 new listings have hit the market in the last 90 days. The median asking price is $120K.
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.