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MO Avg Real Estate Commission Rate in Springfield, Missouri

Springfield is the third-largest city in the state of Missouri and the county seat of Greene County. As of the 2010 census, its population was 159,498. As of 2016, the Census Bureau estimated its population at 167,319. It is one of the two principal cities of the Springfield-Branson Metropolitan Area, which has a population of 541,991 and includes the counties of Christian, Dallas, Greene, Polk, Webster, Stone and Taney. Springfield's nickname is "Queen City of the Ozarks" and it is known as the "Birthplace of Route 66". It is home to several universities, including Missouri State University, Drury University, and Evangel University.

 

Springfield, Missouri Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Springfield, Missouri. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Springfield, Missouri, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Missouri, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Cape Girardeau $146,500 -1.50%
Columbia $183,000 4.80%
Kansas City $201,700 6.90%
St. Louis $174,000 2.20%
Springfield $137,000 2.90%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Missouri.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the 2010 census, there were 159,498 people, 69,754 households, and 35,453 families residing in the city. The population density was 1,951.8 inhabitants per square mile (753.6/km2). There were 77,620 housing units at an average density of 949.8 per square mile (366.7/km2). The racial makeup of the city was 88.7% White, 4.1% African American, 0.8% Native American, 1.9% Asian, 0.2% Pacific Islander, 1.2% from other races, and 3.2% from two or more races. Hispanic or Latino of any race were 3.7% of the population.

There were 69,754 households of which 23.4% had children under the age of 18 living with them, 34.4% were married couples living together, 11.8% had a female householder with no husband present, 4.7% had a male householder with no wife present, and 49.2% were non-families. 37.3% of all households were made up of individuals and 11.8% had someone living alone who was 65 years of age or older. The average household size was 2.13 and the average family size was 2.81.

The median age in the city was 33.2 years. 18.3% of residents were under the age of 18; 18.4% were between the ages of 18 and 24; 26% were from 25 to 44; 22.7% were from 45 to 64; and 14.5% were 65 years of age or older. The gender makeup of the city was 48.5% male and 51.5% female.

 

ECONOMY:

Springfield's economy is based on health care, manufacturing, retail, education, and tourism. With a Gross Metropolitan Product of $13.66 billion in 2004, Springfield's economy makes up 6.7% of the Gross State Product of Missouri.

Total retail sales exceed $4.1 billion annually in Springfield and $5.8 billion in the Springfield MSA. Its largest shopping mall is Battlefield Mall. According to the Springfield Convention & Visitors Bureau, an estimated 3,000,000 overnight visitors and day-trippers annually visit the city. The city has more than 60 lodging facilities and 6,000 hotel rooms. The Convention & Visitors Bureau spends more than $1,000,000 annually marketing the city as a travel destination.

Positronic, Bass Pro Shops, John Q. Hammons Hotels & Resorts, BKD, Noble & Associates, Prime, Inc., Springfield ReManufacturing, and O'Reilly Auto Parts have their national headquarters in Springfield. In addition, two major American Christian denominations—General Council of the Assemblies of God in the United States of America (one of the largest of the Pentecostal denominations) and Baptist Bible Fellowship International (a fundamentalist Baptist denomination founded by J. Frank Norris)—are headquartered in the city as well.

Top employers

According to the Springfield Area Chamber of Commerce, the top 2014 employers in the metro area are:

# Employer # of Employees
1 Mercy Health System 9,004
2 CoxHealth 7,891
3 Wal-Mart 3,567
4 Springfield Public Schools 3,206
5 Missouri State University 2,583
6 Bass Pro Shops/Tracker Marine 2,557
7 United States Government 2,400
8 State of Missouri 2,326
9 Citizens Memorial Healthcare 1,900
10 City of Springfield 1,607
11 O'Reilly Auto Parts 1,458
12 Chase Card Services 1,397

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Springfield - Missouri