MO · Metro #21

St. Louis - MO housing market

The St. Louis metro has a typical home value of $276,878, up 2.9% from a year ago. Homes are moving fast at 6 days on market - a strong seller's market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$276,878
+2.9% vs. year ago
Median sale price
$271,553
+8.9% YoY
Median list price
$251,567
Sale-to-list ratio
99.2%
Selling below ask
Days on market
6d
Listings w/ price cut
22.4%
New listings / mo
3,620
+2.0% YoY
Homes for sale
7,679
+6.5% YoY
Typical rent
$1,451/mo
+3.9% YoY
Context

How to read this data

The typical home value ($276,878) is the Zillow Home Value Index for the St. Louis - MO metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.9% over the past year. In St. Louis - MO, that means a home worth $269,075 last year is now worth roughly $276,878.

The median sale price , what homes actually close for , is $271,553. Homes are selling at 99.2% of list price, meaning buyers have room to negotiate.

Homes listed in St. Louis - MO sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,620 new listings hit the market each month in St. Louis - MO. There are currently 7,679 homes for sale, up 6.5% from a year ago.

The typical monthly rent in St. Louis - MO is $1,451, up 3.9% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in MO

MetroHome value1-yr changeDays on market
Kansas City - MO$329,641 +3.5% 5.0d
Springfield - MO$272,938 +2.4% 13.0d
Get new posts in your inbox. No spam, unsubscribe anytime.