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SPRINGFIELD, MN 56087

Real Estate Market Report  ·  Brown County
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The SPRINGFIELD, MN real estate market (56087) currently shows 6 active listings, with 3 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 74 days on market compared to 69 days last year.

The median listing price has risen 30.5% year-over-year, from $110,147 to $143,750.

Whether you are buying or selling in SPRINGFIELD, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,054  ·  Density: 8.1/mi²  ·  Median household income: $65,588

Typical home value: $139,737  ·  Homeownership: 78.6%

Market Overview

Active Listings
6
⇩ 25% vs 8 last year
Pending
3
50% pending ratio
Median Price
$143,750
⇧ 30.5% vs $110,147 last year
Average Price
$226,357
⇧ 39.1% vs $162,738 last year
Days on Market
74
⇧ 7.2% vs 69 days last year

Price Per Square Foot

Median $/sqft
$118
⇧ 16.8% vs $101/sqft last year
Median Home Size
1,179 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 8 last year
  • Days on market: 74 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $143,750 (+30.5% YoY)
  • Average: $226,357 (+39.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 30.8 miles — 104 listings ($25,809,877 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56087Springfield, MN 560870.0 mi8$1,235,504$103,950$154,438
56019Comfrey, MN 560199.6 mi3$249,000$83,000$83,000
56266Morgan, MN 5626612.6 mi5$1,003,390$240,250$200,678
56145Jeffers, MN 5614516.1 mi1$120,000$120,000$120,000
56166Revere, MN 5616619.9 mi2$858,000$429,000$429,000
56118Bingham Lake, MN 5611821.2 mi1$149,000$149,000$149,000
56283Redwood Falls, MN 5628321.8 mi31$7,679,103$199,900$247,713
55332Fairfax, MN 5533223.3 mi3$904,200$301,400$301,400
56255Lucan, MN 5625524.3 mi2$424,850$212,425$212,425
56073New Ulm, MN 5607325.5 mi36$11,559,744$299,450$321,104
56183Westbrook, MN 5618326.4 mi9$1,252,386$112,750$139,154
56160Odin, MN 5616029.3 mi2$229,800$114,900$114,900
56214Belview, MN 5621430.8 mi1$144,900$144,900$144,900

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, MN 56087?

As of June 2026, there are 6 active listings in SPRINGFIELD, MN (zip code 56087), compared to 8 the prior year.

What is the median home price in SPRINGFIELD, MN 56087?

The median listing price in SPRINGFIELD, MN 56087 is $143,750 as of June 2026, a 30.5% increase from $110,147 the prior year.

How long do homes stay on the market in SPRINGFIELD, MN?

Homes in SPRINGFIELD, MN 56087 spend an average of 74 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, MN 56087?

Based on current inventory and days-on-market data as of June 2026, SPRINGFIELD, MN 56087 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 74 days on market compared to 69 days last year.

How much can I save on real estate commission in SPRINGFIELD, MN?

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, MN 56087 save an estimated $2,875 compared to a typical 5% commission on the median listing price of $143,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.