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SPRINGFIELD, MN 56087

Real Estate Market Report  ·  Brown County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, MN real estate market (56087) currently shows 7 active listings, with 3 pending sales. Homes are averaging 140 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 140 days on market compared to 110 days last year.

The median listing price has fallen 33.7% year-over-year, from $154,389 to $102,295.

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
7
⇧ 133.3% vs 3 last year
Pending
3
43% pending ratio
Median Price
$102,295
⇩ 33.7% vs $154,389 last year
Average Price
$153,469
⇩ 29.3% vs $217,035 last year
Days on Market
140
⇧ 27.3% vs 110 days last year

Price Per Square Foot

Median $/sqft
$80
⇩ 21.6% vs $102/sqft last year
Median Home Size
1,455 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 7 this year vs 3 last year
  • Days on market: 140 now vs 110 last year

Median & Average Pricing

Year over Year
  • Median: $102,295 (-33.7% YoY)
  • Average: $153,469 (-29.3% 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 March 2026, there are 7 active listings in SPRINGFIELD, MN (zip code 56087), compared to 3 the prior year.

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

The median listing price in SPRINGFIELD, MN 56087 is $102,295 as of March 2026, a 33.7% decrease from $154,389 the prior year.

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

Homes in SPRINGFIELD, MN 56087 spend an average of 140 days on the market before going under contract, compared to 110 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 March 2026, SPRINGFIELD, MN 56087 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 140 days on market compared to 110 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 $2,046 compared to a typical 5% commission on the median listing price of $102,295. 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.