MO · Metro #21

St. Louis - MO housing market

The St. Louis metro has a typical home value of $280,016, up 3.1% from a year ago. Homes are moving fast at 6 days on market, a strong seller's market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$280,016
+3.1% vs. year ago
Median sale price
$272,307
+7.5% YoY
Median list price
$256,490
Sale-to-list ratio
99.9%
Selling below ask
Days on market
6d
Listings w/ price cut
23.6%
New listings / mo
3,871
+4.5% YoY
Homes for sale
8,222
+7.2% YoY
Typical rent
$1,459/mo
+4.2% YoY
Context

How to read this data

The typical home value ($280,016) 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 3.1% over the past year. In St. Louis - MO, that means a home worth $271,597 last year is now worth roughly $280,016.

The median sale price , what homes actually close for , is $272,307. Homes are selling at 99.9% 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 23.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,871 new listings hit the market each month in St. Louis - MO. There are currently 8,222 homes for sale, up 7.2% from a year ago.

The typical monthly rent in St. Louis - MO is $1,459, up 4.2% 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$331,714 +3.7% 6.0d
Springfield - MO$274,818 +2.7% 13.0d
Get new posts in your inbox. No spam, unsubscribe anytime.