Springfield MO Newest Real Estate Listings | Zillow (2024)

FAQs

Are housing prices going down in Springfield MO? ›

Median Sold Price

Based on all homes sold in the last 12 months. Homes in Springfield have sold for 6.7% more than they did a year ago. Summary: The median home sold price in Springfield was $235,000 in July 2024, up 6.7% from last year, and the median price per square foot was $154.

Bottom line. Thursday is generally thought to be the best day of the week to list a house for sale. Studies have shown that homes listed on Thursdays are more likely to sell faster, and for a higher price, but local markets can differ.

Through the MLS other brokers or prospective buyers may view the listing. As Zillow will need to pull the listing from MLS to make it appear on the website, the process of having a listing appear on Zillow is not always immediate. This is one of the most common reasons that certain houses do not show up on Zillow.

The months from March to June are the best time to buy a house in Missouri. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Home prices in Missouri are rising overall. Median home prices are up 6% since May 2023 and up 21.6% in the past 3 years.

Typically, winter time is the slowest of the year to sell a property, specifically November, December, and January. However, there are some exceptions because there are several conditions that affect the housing market.

Buy in April for more options

On the flipside, if you want more homes to choose from and don't mind paying a premium, spring and early summer are good times to buy a house, as April has the most new listings. Most listings hit the market in a short window between the months of April and June.

Late spring and early summer are the busiest and most competitive time of year for the real estate market. There's usually more inventory listed for sale than other times of year, and home prices are steeper to reflect the increased demand.

What is the busiest day for a realtor? ›

Due to showings and open houses, Saturdays and Sundays are often slated as the busiest days for real estate agents. However, busy days vary depending on the individual agent's business. The busiest days will always depend on when their clients are available to meet.

An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.

Non-disclosure state — Your home is in a “non-disclosure” state (Idaho, Indiana, Kansas, Louisiana, Mississippi, Montana, New Mexico, Texas, Utah, and Wyoming) where transactions are not publicly reported and therefore, we do not have enough data to create a Zestimate.

Zillow Rentals reserves the right to remove any rental listing, with or without notice, where a listing cannot be verified by the address or where the address is suspected to be inaccurate or falsified.

If your listing's data is displaying on Zillow, but the photos are not, it is very likely that the photos are too small for Zillow to display. Zillow has a minimum size requirement of 330 x 220 pixels. If a photo is smaller than that, Zillow cannot display it along with the rest of the listing information.

“A recession typically leads to a reduced level of real estate activity, as fewer people are willing or able to buy,” says Greg McBride, CFA, Bankrate's chief financial analyst. “But this won't necessarily lead to lower home prices if the supply of homes available for sale is very low.”

And while the population grows, the supply of affordable housing wanes. A 2020 report from the Missouri Housing Development Commission found a shortfall of nearly 128,000 affordable rental units in the state. For every 100 low-income households in Missouri, only 31 affordable units were available.

The rapid rise in interest rates pushed down demand for housing, by making it more expensive to borrow. But it also led to a big drop in supply: Many owners are holding onto their homes longer than they would otherwise because selling would mean giving up their ultralow interest rates.

Home prices are dropping all over the U.S. mainly due to rising interest rates. Home prices are the result of the ratio between supply and demand. California has a severe housing shortage. The state legislature and governor have recently enacted legislation to require cities to approve the construction of more housing.