Latest Update: August 2026 (July Stats)
Key Metrics
| Metric | July 2026 | Month-over-Month Change | Year-over-Year Change |
|---|---|---|---|
| Average Sale Price | $285,434 | +1.16% | +10.27% |
| Homes Sold | 481 | +6.42% | -6.42% |
| Average Days on Market | 67 days | 2 days faster | 1 day faster |
What's Happening in the Springfield Market?
Springfield recorded increases in both average sale price and sales activity during July 2026. The average sale price rose to $285,434, a 1.16% increase from June and a 10.27% increase from July 2025.
A total of 481 homes sold during July, up 6.42% from the previous month. However, that remained 6.42% below the number of sales recorded in July 2025.
Homes sold in an average of 67 days, two days faster than in June and one day faster than one year earlier. The figures indicate improving monthly activity while also showing that Springfield properties generally take longer to sell than homes in Dayton or Cincinnati.
What This Means for Buyers
Springfield buyers are seeing higher average prices, but the market’s longer average selling time may provide more opportunity to evaluate certain listings. Conditions can still vary substantially based on price range, property condition, and location.
Because average prices are more than 10% above last July, buyers should use current comparable sales when determining whether a property is competitively priced.
What This Means for Sellers
The increase in both price and monthly closings is positive for Springfield sellers. Still, an average of 67 days on market means pricing and presentation remain essential.
Sellers should prepare for a potentially longer marketing period than in faster-moving regional markets and avoid using the overall annual price increase as the sole basis for pricing an individual home.
16-Month Market Trends
The charts below show how average sale price, homes sold, and average days on market have changed in the Springfield housing market from April 2025 through July 2026.
Springfield Average Sale Price: 16-Month Trend
Source: WRIST MLS, April 2025–July 2026.
Springfield Homes Sold: 16-Month Trend
Source: WRIST MLS, April 2025–July 2026.
Springfield Average Days on Market: 16-Month Trend
Source: WRIST MLS, April 2025–July 2026.
| Month | Average Sale Price | Homes Sold | Average DOM |
|---|---|---|---|
| April 2025 | $255,363 | 401 | 70 days |
| May 2025 | $247,884 | 463 | 71 days |
| June 2025 | $256,834 | 450 | 64 days |
| July 2025 | $258,848 | 514 | 68 days |
| August 2025 | $261,195 | 437 | 66 days |
| September 2025 | $252,152 | 422 | 69 days |
| October 2025 | $254,203 | 432 | 73 days |
| November 2025 | $236,697 | 364 | 67 days |
| December 2025 | $238,878 | 372 | 71 days |
| January 2026 | $244,709 | 250 | 82 days |
| February 2026 | $232,909 | 293 | 78 days |
| March 2026 | $257,966 | 354 | 85 days |
| April 2026 | $271,297 | 360 | 77 days |
| May 2026 | $265,467 | 478 | 82 days |
| June 2026 | $282,152 | 452 | 69 days |
| July 2026 | $285,434 | 481 | 67 days |
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