Saint Louis, MO Housing Market Report

The Saint Louis housing market is currently transitioning into a more balanced environment, offering a reprieve for buyers who have faced years of intense competition. As of December 2025, the median home value stands at $177,484, representing a marginal year-over-year increase of 0.5%. While the market remains stable, the most notable shift is the rise in active inventory, which has grown by 5.51% over the past year to 6,379 listings. This increase in supply, coupled with a sale-to-list ratio of exactly 1, indicates that the days of aggressive bidding wars are largely in the past, and properties are generally selling for their asking prices.

Price trends over the last six months reveal a subtle but consistent cooling phase. Since July 2025, when values peaked at $178,299, the market has seen a month-over-month decline, settling at the current December figure. This downward trajectory suggests that the rapid appreciation seen in previous years has hit a ceiling, likely due to higher borrowing costs and a seasonal slowdown. Despite the dip in purchase prices, the rental market remains robust, with median rents rising 3.59% year-over-year to $1,298, signaling continued demand for housing in the metro area even as the sales market softens.

Looking ahead, the Saint Louis market presents distinct opportunities for both parties. For buyers, the increase in days on market—now averaging 40 days, up a full week from last year—provides more time for due diligence and negotiation. Sellers, on the other hand, must be more strategic with their pricing and property presentation, as the slight downward trend in values over the second half of 2025 suggests that overpricing could lead to stagnation. Overall, the St. Louis, MO-IL metro area remains one of the more affordable urban markets in the country, offering long-term stability for those looking to enter the market during this period of normalization.