There are homes that you sell, and then there are homes that you carry. For me, 211 Midland was never just a listing. It was a story — and a continuation of one that started long before I ever stepped foot inside its hand-cut limestone walls.
Originally built in 1905 by John L. Miers — a streetcar magnate when Creve Coeur Lake was the weekend escape for St. Louisans — this grand estate stood as a symbol of an era. Designed by the renowned firm Barnett, Haynes & Barnett, it rose up from nearly 10 acres of untouched countryside, dressed in Missouri limestone, crowned with a red tile roof, and wrapped in a porch wide enough for a family’s dreams to unfold on. Miers wanted proximity to the lake and his growing Creve Coeur resort operation — but what he created was something bigger: a timeless, resilient piece of St. Louis history.
Over the decades, 211 Midland lived many lives — as a family estate, the Normandy Athletic Club, a quiet local landmark — always holding on to its place while the world grew up around it. And then it came into the care of the Serra family — wonderful people with deep ties to the property and the community.
That’s where my story begins. My late mother, Patti Accardi Baum, first built the relationship with the Serra family many years ago. As anyone who knew my mom can tell you, her warmth, honesty, and ability to connect made her unforgettable. She had a special way of making people feel like family — and that included her clients.
When my mom passed this past December, the loss was tremendous. But one thing she instilled in me — one thing the Accardi-Baum Squad has always stood for — is that relationships don’t end when a sale closes. They carry on. They grow. They matter.
So when the time came to find the next chapter for 211 Midland, I picked up right where my mom left off. I worked closely with the Serra family to honor not just the sale of the property, but the history of it. We weren’t just selling a house — we were passing forward a century of craftsmanship, stories, and memories.
And I’m proud to share that just recently, we closed on 211 Midland for $1.12 million. The next chapter for 211 Midland will look different. The new owner is a developer with plans to respectfully transition the site into what we believe will be a 55+ community — bringing new life, new homes, and new stories to this beautiful part of Maryland Heights. While it’s bittersweet to say goodbye to the original limestone house, I truly believe the spirit of the property — a place where people gather, connect, and build memories — will live on in this next phase.
It wasn’t just a transaction. It was a tribute — to the Serra family, to the home itself, and to the real estate tradition my mom started and I’m honored to continue.
If you or someone you know is looking for a real estate team that leads with heart, hustle, and a deep respect for the story behind every home, give me and the Accardi-Baum Squad a call. We’re not just here to sell houses — we’re here to help you turn your next chapter into something unforgettable.
Giuseppe Accardi
The Accardi-Baum Squad “Where real estate is about relationships first.”
In Missouri, it’s an eye-opener that companies managing homeowners associations (HOAs), condominium associations, and subdivisions are not required to hold any type of state license—not even a real estate broker’s license. Yet, just across the river in Illinois, community association managers must be licensed under their Community Association Manager Licensing and Disciplinary Act. This gap in regulation here in Missouri leaves condo owners and homeowners vulnerable, particularly when it comes to the management of large associations that handle millions of dollars in dues and are responsible for common ground and major infrastructure like private streets and utilities.
Think about it: a property manager overseeing a single rental home for an individual must be a licensed real estate broker—subject to audits, escrow requirements, and consumer protections. Meanwhile, someone managing a 300-unit condominium development or an entire subdivision, receiving and disbursing hundreds of thousands of dollars, is subject to little oversight beyond general contract law and, if needed, civil lawsuits. There’s no mandated education, no licensing, no formal fiduciary standard, and no real consequence for poor management short of costly, time-consuming litigation initiated by the homeowners or the association.
Unfortunately, this lack of accountability can have very real consequences. I’m currently dealing with a situation where a St. Louis County occupancy inspection cited an issue with the electric service—a repair that was clearly the condominium association’s responsibility. Here we are, nearly three months later, and the property management company has only managed to get a couple of bids—no repairs have been completed, the unit remains vacant, and a tenant I had lined up has now moved on. It’s not just my financial loss; this kind of mismanagement ultimately hurts all unit owners by negatively impacting property values and undermining the reputation of the community.
It is surprising—and concerning—that Missouri has not stepped up to at least require some form of licensing or regulation for community association managers. After all, protecting homeowners’ investments is critical, and the stakes for mismanagement of a multi-million dollar community are arguably much higher than for a single rental property. Until the laws catch up, property owners need to be extremely diligent when selecting and overseeing their association management companies, because for now, in Missouri, “buyer beware” applies just as much after closing as it does before.
The latest Independent Landlord Rental Performance Report from Chandan Economics, covering April 2025, shows on-time rental payments nationally hitting 86.3% — an improvement of 45 basis points from the prior month, and notably the first year-over-year increase in on-time payments since July 2023. While this is encouraging news overall for small to medium landlords, the story for Missouri and Illinois isn’t quite as rosy when you dig into the state-level data.
Missouri posted an on-time payment rate of just 83%, putting us at 42nd out of the 47 states and districts that met reporting standards. That’s a full 330 basis points (3.3%) below the national average. Making matters worse, Missouri saw a significant 267 basis point decline compared to the previous month. Illinois didn’t fare much better, with an 84% on-time rate, ranking 38th nationally. Illinois’ on-time payment rate fell 248 basis points from last month and is still about 230 basis points under the national average.
When you put it side by side, both Missouri and Illinois are underperforming the nation on rent collections. It’s not catastrophic, but it’s definitely a caution flag for rental property investors here. With national collections firming up and western states like Utah and Idaho pulling over 92% on-time, it’s clear that our region isn’t bouncing back at the same clip. For small and mid-size landlords, staying ahead of tenant risk and local economic shifts is going to be just as important this year as watching interest rates and property values.
The interactive chart below shows national on-time payment rates broken down by property type—single-family rentals, small 2–4 unit properties, and larger multifamily buildings. In April, 2–4 unit rentals led the pack nationally with an 87.0% on-time payment rate, just ahead of single-family homes at 86.5% and larger multifamily at 86.2%. While states like Utah and Idaho are posting eye-popping numbers over 92%, it’s a different story here closer to home. Missouri and Illinois both fell short of the national averages across the board, reminding us that local market conditions can look very different even when national trends seem positive. For independent landlords here, staying dialed into those local shifts will matter just as much as watching national stats.
As the spring market picks up speed, St. Charles and St. Louis counties are showing some interesting contrasts in real estate activity — and for both buyers and sellers, the opportunities (and strategies) vary depending on where you’re standing.
We dug into the most recent local data comparing February to March 2025, and here’s what you need to know:
🔻 Price Reductions Are Dropping — And That’s a Seller Signal
In both St. Charles and St. Louis, the number of listings with price reductions declined noticeably:
St. Charles saw a 24% decrease
St. Louis experienced a 20% decrease
That drop suggests sellers are pricing more confidently — or seeing stronger interest up front. If you’re a homeowner considering listing, this may be your cue to strike while competition remains tight and buyers are motivated.
📈 Inventory Is Up — Especially in St. Charles
After a long stretch of low inventory, the spring surge is real:
St. Charles listings jumped 51%
St. Louis listings rose 35%
Buyers now have more options to choose from — which is great news for anyone who felt boxed in during the winter slowdown. And for sellers, it means a more competitive landscape where staging, pricing, and timing matter more than ever.
✅ Accepted Offers Are Climbing
Demand isn’t slowing — even with more listings hitting the market. In March:
St. Louis saw a 31% increase in newly accepted contracts
St. Charles followed closely with a 29% rise
Homes are still moving quickly — especially those that are well-presented and priced right from the start.
🔁 Fewer Homes Are Returning to Market
Another sign of increasing buyer confidence and stability:
St. Charles saw a 4% drop in homes coming back on market
St. Louis saw a 2% decrease
Fewer fall-throughs means deals are sticking — a positive sign for sellers looking for smoother closings and buyers aiming to avoid bidding wars or financing hiccups.
💡 What This Means for Buyers and Sellers
Whether you’re navigating St. Louis or exploring opportunities in St. Charles, one thing is clear: the spring market is active, competitive, and filled with potential.
For Buyers: Now’s the time to make your move — more inventory gives you choices, but homes are still selling fast. A trusted agent (hi, that’s me 👋) can help you move quickly and confidently when the right one pops up.
For Sellers: The market is rewarding homes that are prepped, priced, and positioned well. With fewer price reductions and solid buyer demand, this could be your window to sell successfully.
Ready to Make a Move?
Whether you’re buying, selling, or just market-curious — let’s talk. I bring data, strategy, and a bit of charm to the process (because real estate doesn’t have to be boring).
As of April 2025, the St. Louis real estate market is experiencing a shift in mortgage rates that potential home buyers and sellers should consider. The 30-Year Fixed Rate has climbed slightly to 6.95%, marking an increase of 0.10% from previous figures. Similarly, the 15-Year Fixed Rate has risen to 6.37%, up by 0.13%. These changes indicate a trend towards rising mortgage costs in the region, which could influence buying decisions and market dynamics.
For those considering more substantial home purchases, the 30-Year Jumbo Rate stands at 7.05%, while the 30-Year FHA Rate is notably lower at 6.42%. Additionally, the Adjustable Rate (7/6 SOFR ARM) is currently at 6.43%, offering a potentially attractive option for buyers looking for lower initial rates. Understanding these figures is crucial for making informed decisions in today’s market.
For a detailed view of how these rates compare historically, please click the chart button below. This information is provided by MORE, REALTORS®, and is essential for anyone looking to navigate the complexities of the St. Louis real estate market this April 2025. Whether you’re buying your first home or investing in property, staying updated on these trends can significantly impact your strategies and outcomes.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.95%
+0.10%
15 Yr. Fixed
6.37%
+0.13%
30 Yr. FHA
6.42%
+0.19%
30 Yr. Jumbo
7.05%
+0.15%
7/6 SOFR ARM
6.43%
+0.10%
30 Yr. VA
6.45%
+0.20%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of April 24, 2025. Individual rates may vary based on factors including loan amount, down payment, credit score, property type, occupancy status, and market conditions. Contact a licensed mortgage professional for personalized rate quotes.
The St. Louis City real estate market demonstrated a robust increase in home prices during March 2025, according to the latest data. Homes sold for a median price of $220,000, marking a significant 4.76% rise from the previous year’s median of $210,000. This upward trend is further highlighted by a 10.03% increase from February 2025, where the median sold price was $199,950. Additionally, the median list price in March climbed to $222,450, up 11.23% from $200,000 in March 2024.
Despite the increase in prices, the number of home sales experienced a slight decline. There were 206 homes sold in March 2025, down by 6.79% from 221 sales in the same month last year. This data, illustrated in the chart below, provides a clear view of the current market trends. The chart is available exclusively from MORE, REALTORS®, offering detailed insights into the St. Louis City real estate market as of April 2025. For more information and detailed market analysis, visit MORE, REALTORS®.
The St. Louis County real estate market has experienced notable growth in property values, according to the latest data. In March 2025, homes in St. Louis County sold for a median price of $275,000, marking a substantial increase of 16.92% compared to March 2024, when the median sold price was $235,200. This rise also reflects a 10.00% increase from February 2025, which had a median sold price of $250,000.
Furthermore, the median list price for homes was $271,000 in March 2025, up by 17.88% from $229,900 in the same month the previous year. Despite these higher prices, the number of home sales in St. Louis County saw a decrease, with 848 homes sold in March 2025, down 7.93% from 921 sales in March 2024.
For a visual representation of these changes, please refer to the chart below, available exclusively from MORE, REALTORS®. This chart provides a clear overview of the trends and shifts in the St. Louis County real estate market, helping potential buyers and sellers make informed decisions.
As of April 2025, the St. Louis real estate market is experiencing a dynamic shift in mortgage rates, crucial for both potential homebuyers and current homeowners considering refinancing. The 30-year fixed mortgage rate has seen a slight increase to 6.95%, up by 0.10% from the previous month. Similarly, the 15-year fixed rate has risen to 6.37%, marking a 0.13% increase. These changes reflect broader economic trends impacting borrowing costs.
For those looking at more substantial properties, the 30-year jumbo loan rate stands at 7.05%, slightly higher than conventional loan rates, indicating a premium for higher loan amounts. Conversely, more affordable options like the 30-Year FHA rate are currently at 6.42%, offering a relatively lower entry point for first-time homebuyers. Additionally, the Adjustable Rate Mortgage (ARM), specifically the 7/6 SOFR ARM, is now at 6.43%, providing an alternative for those expecting to move or refinance within a shorter time frame.
Understanding these rates is crucial for making informed decisions in the housing market. For a detailed view of how these rates have changed over time, click the chart button below. This data, provided by MORE, REALTORS®, offers a comprehensive look at current and historic interest rates, aiding buyers and sellers in navigating the complexities of the real estate market in St. Louis. As the market continues to evolve, staying updated on these trends will be key to making strategic real estate decisions.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.95%
+0.10%
15 Yr. Fixed
6.37%
+0.13%
30 Yr. FHA
6.42%
+0.19%
30 Yr. Jumbo
7.05%
+0.15%
7/6 SOFR ARM
6.43%
+0.10%
30 Yr. VA
6.45%
+0.20%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of April 17, 2025. Individual rates may vary based on factors including loan amount, down payment, credit score, property type, occupancy status, and market conditions. Contact a licensed mortgage professional for personalized rate quotes.
The St. Louis metropolitan area, spanning counties in both Missouri and Illinois, has experienced a slight shift in its real estate market this year. Through the end of March 2025, the region recorded 6,018 homes sold, marking a 6.25% decrease compared to the 6,419 homes sold during the same period in the previous year. This change reflects the dynamic nature of the local real estate market, which can fluctuate due to a variety of economic and environmental factors.
Despite the recent dip, the St. Louis real estate market continues to offer substantial opportunities for both buyers and sellers. Those interested in the fastest selling zip codes and more detailed market insights can find a complete list provided by MORE, REALTORS® at the end of this article. The current figures suggest a competitive market environment, where timely and informed decisions are crucial. Whether you are looking to buy a new home or sell your property, staying updated with the latest market trends is essential for navigating the real estate landscape effectively.
If you’re considering buying or selling property in the St. Louis metropolitan area, staying informed about the fastest moving markets is crucial. Leading the pack is zip code 63026 in Jefferson, St. Louis, MO, showcasing an impressive average market duration of just 16 days for its 12 active listings, with homes priced around $281,467 on average. Not far behind, zip code 63043 in St. Louis, MO, matches the 16-day market pace with 6 listings, demonstrating a high demand among potential homebuyers. Additionally, the 63038 area, also in St. Louis, MO, with its 6 listings, follows closely with homes averaging 17 days on the market.
For those looking to capitalize on these hot markets, whether buying a new family home or selling one, understanding these trends can significantly influence your decision-making process. The complete list of the fastest selling zip codes, which can provide further insights into where properties are moving quickly, is available through MORE, REALTORS®. This information is essential for anyone looking to make a prompt and informed real estate decision in the vibrant St. Louis region.
The Jefferson County real estate market has experienced subtle shifts as of March 2025. Homes in the area sold for a median price of $255,300, marking a slight decrease of 0.27% compared to March 2024, when the median sale price was $256,000. This recent figure also represents a significant drop of 6.14% from February 2025, where the median sales price stood at $272,000. Despite the dip in sold prices, the median list price showed an upward trend, settling at $259,950, which is a 4.02% increase from the previous year’s $249,900.
In terms of sales volume, there were 186 homes sold in March 2025, reflecting a decrease of 4.62% from the 195 homes sold in March 2024. These figures suggest a tightening market in Jefferson County. For a detailed visual representation, refer to the chart below, which illustrates these trends and is available exclusively from MORE, REALTORS®. This data is crucial for potential buyers and sellers in the area to understand the current market dynamics as they make informed decisions in the Jefferson County real estate market.
A recent survey from Knightvest Capital highlights a clear shift in the mindset of today’s renters—nearly half (48%) now view renting as a deliberate lifestyle choice rather than just a financial necessity. Even more telling, 42% of renters say they expect to remain tenants for five years or more. It’s a strong indication that the flexibility, lower maintenance, and built-in community aspects of renting are becoming more appealing—especially when compared to the demands of homeownership.
One of the more surprising takeaways from the report is that nearly a third (31%) of current renters previously owned a home. That tells us this isn’t just about affordability—it’s a lifestyle decision. These trends carry real implications for property owners, managers, and multifamily investors here in the St. Louis area.
As more tenants settle into renting for the long haul, expectations are rising. Renters are looking for well-maintained properties in locations that make sense for their daily lives, with amenities that add value. Strong property management and a sense of community are key factors that help attract and retain long-term tenants.
For anyone investing in or managing rental property in the St. Louis metro area, the message is clear—quality matters more than ever. The infographic from the Knightvest Capital study is included below and offers a snapshot of the evolving preferences among today’s renters.
And if you’re thinking about investing in rental property or need help managing one you already own, the experienced agents at MORE Realtors INLINE TEXT Link – goes to agent website MORE, REALTORS®.
If you’re considering buying or selling a home in the St. Louis metropolitan area, understanding the local real estate dynamics can greatly influence your decision. The fastest selling school district currently is Pontiac-W Holliday DIST 105 in Fairview Heights, IL, showcasing an impressive average market time of just 5 days for its listings. With only 3 homes listed, and an average list price of $261,633, this district is a hotspot for rapid real estate transactions. Following closely is Richwoods R-VII in Missouri, where homes average just 6 days on the market, and Valley Park in Valley Park, MO, with homes averaging 7 days on the market across 4 listings.
For those interested in exploring more about these areas or other fast-selling districts, MORE, REALTORS® provides a comprehensive list that can guide potential buyers or sellers. This information not only highlights the demand in these districts but also helps in making informed decisions swiftly. Whether you are looking to invest in a family home or considering selling your property, knowing where homes sell quickly can be a crucial factor in navigating the real estate landscape of the St. Louis area.
Zillow’s new policy, set to take effect in May 2025, takes a hard stance against listings that are marketed publicly without being listed on the MLS and displayed via MLS feeds. Zillow says it’s about fairness and protecting consumers. But is it? Or is it about consolidating control of listing visibility under the guise of transparency? And with Zillow now operating as a licensed brokerage—and a member of many MLSs—is this policy actually benefiting consumers, or simply solidifying Zillow’s role as a gatekeeper?
Zillow claims alignment with NAR’s Clear Cooperation Policy, but that claim deserves a closer look. NAR’s recent revision—specifically its creation of the Delayed Marketing – Exempt Listing category—was designed to give sellers more flexibility. Under that rule, listings can be publicly marketed but kept off the MLS for a limited time, with the caveat that they be accessible through a broker’s VOW. Zillow’s new rule goes beyond NAR’s, rejecting listings that follow NAR’s delayed marketing policy if they aren’t also fed through the MLS. So is Zillow really following NAR’s lead—or are they charting their own, more restrictive path?
This raises a number of questions that the industry—and consumers—should be asking. Is Zillow’s new policy truly pro-consumer, or does it limit choice and access by filtering listings through only the channels it chooses to recognize? Is it fair to require listings to be on the MLS and publicly syndicated in order to be seen on the largest home search platform? Is this policy aimed at leveling the playing field, or is it about limiting the options brokerages have in how they market homes? Could Zillow’s alignment with MLS feeds—while shutting out VOW-only listings—put it in violation of fair competition principles?
And what about the relationship between Zillow and NAR? While Zillow cites NAR’s policy to justify its actions, it seems to be implementing a stricter version of it. Is this a coincidence—or are we witnessing a deeper collaboration between the country’s largest real estate platform and its most powerful trade group? Are there antitrust implications when dominant platforms and associations appear to move in sync in ways that reduce listing flexibility and centralize control?
Perhaps the most important question of all is this: Who wins in this new environment? Is it the consumer, who may get a more uniform home search experience—but possibly fewer listings to choose from? The agent, who now has fewer tools for pre-marketing a home? The MLS, which benefits from more required listing input? Or Zillow itself, which sits at the center of it all, deciding what gets seen and what doesn’t?
As this policy rolls out next month, agents, brokers, and consumers alike would do well to dig beneath the surface. At MORE, REALTORS®, we’re watching these developments closely—not just to understand what’s changing, but to ask the tough questions about why, and who it ultimately serves.
The St. Louis metro area housing market saw a meaningful uptick in activity this March, driven by rising inventory and strong buyer engagement. New listings rose 11% year-over-year, reaching 3,301 compared to 2,987 in March 2024. This increase was met with even more robust buyer response—newly accepted contracts surged by 26%, jumping from 3,503 to 4,424.
This demand-side strength is translating into higher prices. The median sold price over the past 12 months climbed 6.55% to $270,000. Even with slightly more inventory (a 1.5-month supply and 7,547 active listings), homes are still moving quickly, spending a median of just 22 days on the market. That’s consistent with a seller-friendly environment, and the current price-per-square-foot trend remains on an upward trajectory.
📈 What’s Next? With contracts outpacing new listings in March, buyer competition remains intense. Expect continued price pressure and fast sales this spring unless inventory increases further.
Mortgage interest rates have bounced back after briefly dipping earlier this month, but there’s more to the story—especially for St. Louis home buyers. One key factor keeping rates from climbing even higher? The recent postponement of tariffs, which has helped ease economic pressure and may be keeping mortgage rates from surging faster.
As of today, the average rate for a 30-year fixed-rate conventional loan is around 6.95%, with FHA loans at 6.42% and VA loans at 6.45%. These numbers reflect an uptick from the recent low of about 6.40% on April 4th, but still sit below the 7.16% average we saw at the start of the year and 7.24% one year ago. Of course, we’re still a long way from the 3.33% rates buyers enjoyed just four years ago.
Why does this matter to local buyers and homeowners? Because mortgage rates directly affect buying power. When rates rise, monthly payments go up, which can price some buyers out of the market or force them to scale back their home search. Conversely, falling or stable rates tend to support home prices by allowing buyers to afford more house.
While rates are still elevated compared to historic lows, the tariff delay may be helping avoid even sharper increases. That’s good news for St. Louis buyers hoping to catch a break.
Looking at the St. Louis market specifically, there’s a clear relationship between interest rates and home prices. Our local data shows selling prices rose from $202,000 in April 2020 to $222,000 by August 2020, driven in part by the ultra-low-rate environment at the time. As rates climbed in 2023 and 2024, price growth slowed, and affordability concerns crept in.
We’ve included live, interactive interest rate charts below so you can see how today’s rates compare to previous years and track trends in real time. These tools are especially helpful if you’re trying to time your move—or just want to better understand the broader economic forces at play.
Bottom line: mortgage rates have nudged back up, but without the tariff postponement, it could’ve been worse. Stay tuned—any future policy changes could further impact the direction of rates and the St. Louis housing market.
If you’re thinking about buying or selling in this shifting environment, MORE, REALTORS® is here to help. We specialize in clear, data-driven insights and local expertise to guide your next move.
If you’re a homebuyer or seller in the St. Louis area, heads up—there’s something going on in Washington that may affect your next move in a bigger way than you think.
The Department of Justice just appointed Roger Alford to a top antitrust role. He’s not a household name, but he’s someone who’s been deep in the fight over real estate commissions and how homes get marketed. He played a key role in the massive $1.8 billion verdict in the Sitzer/Burnett case here in Missouri—where a jury said real estate commissions were being artificially inflated by the industry.
So what’s this mean for you?
In plain terms: the way homes are bought and sold is changing, and the DOJ is pushing that change forward. We’re likely to see pressure to break down rules that limit how sellers can market their homes and how buyers find them—especially when it comes to FSBO (For Sale By Owner) listings. Alford’s already criticized laws that block FSBO sellers from advertising on big platforms like Zillow and Redfin. That’s good news for consumers who want more options.
We’re also likely to see more flexibility in how commissions work. That doesn’t mean agents go away—it means buyers and sellers might have more say in what they pay, and how they structure their deals. And the agents who are upfront about costs, focus on value, and act as true advisors—not just middlemen—will rise to the top.
The DOJ has its sights set on rules and practices that limit competition, like the MLS Clear Cooperation Policy and others that were designed to protect the system as it’s always been. Alford’s appointment is a signal that the government wants to open that system up and give consumers more control.
Here in St. Louis, we’ve already seen how these national issues hit close to home. So if you’re in the market—buying or selling—this is the time to work with professionals who get it. The landscape’s shifting. The old ways are under pressure. And the best agents are the ones leaning into change, not resisting it.
At MORE, REALTORS®, that’s how we operate. We’ve always believed in transparency, client-first service, and helping you make smart, informed decisions—whether you’re working with one of our experienced agents or going the FSBO route and just need the right support. If you want a real estate experience that respects your choices and puts your interests first, we’re here to help.
The Metro East real estate market has shown subtle yet noteworthy changes as of March 2025. The median sold price for homes reached $184,450, a slight increase of 0.24% from March 2024’s median of $184,000. This also marks a more significant rise of 2.47% compared to February 2025, where the median sold price was $180,000. On the other hand, the median list price in March 2025 edged up to $185,000, reflecting a marginal growth of 0.05% from the previous year.
However, the volume of home sales experienced a downturn, with 530 homes sold in March 2025, down by 9.86% from 588 sales in March 2024. This shift indicates a cooling in the number of transactions, despite the stable growth in home prices.
For a detailed visual representation of these trends, refer to the chart below, which is available exclusively from MORE, REALTORS®. This chart provides an in-depth look at the pricing and sales dynamics of the Metro East real estate market, offering valuable insights for both buyers and sellers. As always, for further information and expert real estate services in St. Louis, MO, consider reaching out to MORE, REALTORS®, your trusted local real estate experts.
As of April 2025, the St. Louis real estate market is witnessing subtle shifts in mortgage rates, critical for both potential home buyers and current homeowners considering refinancing. The 30-year fixed mortgage rate has seen a slight increase to 6.85%, a change of +0.03% from the previous figure. Similarly, the 15-year fixed rate has adjusted upward by +0.04%, now standing at 6.24%. These changes indicate a modest tightening in borrowing costs, which could influence buyer affordability and market dynamics in the St. Louis area.
For those looking at more substantial home purchases, the 30-year jumbo loan rate remains steady at 6.90%, reflecting the market’s stability for higher-priced properties. Alternatively, the 30-year FHA rate, often favored by first-time homebuyers for its lower down payment requirements, is notably lower at 6.23%. Additionally, the adjustable rate mortgage (ARM), specifically the 7/6 SOFR ARM, is currently at 6.33%, offering a potentially lower rate option for buyers expecting to move or refinance within a shorter period.
For a detailed view of how these rates compare to historical trends, click the chart button below. This information, provided by MORE, REALTORS®, is essential for making informed decisions in the St. Louis real estate market. Whether you are buying, selling, or refinancing, staying updated on the latest mortgage rate trends is crucial in navigating the complexities of the housing market effectively.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.85%
+0.03%
15 Yr. Fixed
6.24%
+0.04%
30 Yr. FHA
6.23%
+0.03%
30 Yr. Jumbo
6.90%
+0.02%
7/6 SOFR ARM
6.33%
+0.02%
30 Yr. VA
6.25%
+0.03%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of April 9, 2025. Individual rates may vary based on factors including loan amount, down payment, credit score, property type, occupancy status, and market conditions. Contact a licensed mortgage professional for personalized rate quotes.
The St. Louis Metropolitan Statistical Area (MSA) real estate market demonstrated notable growth in property values in March 2025. Homes sold for a median price of $265,500, marking a significant 6.20% increase from the previous year’s median of $250,000. This price point also reflects a consistent rise from February 2025, which saw the median sold price at the same level, indicating a stable upward trend in housing prices.
While home prices surged, the total number of home sales exhibited a slight decline. In March 2025, there were 2,347 homes sold, down 7.27% from the 2,531 transactions recorded in March 2024. The median list price for homes also escalated to $265,000, up 8.16% from $245,000 in the same month the previous year, suggesting a strong seller’s market.
For a detailed visual representation of these trends, refer to the chart below, which is available exclusively from MORE, REALTORS®. This chart provides an in-depth look at the changes in the St. Louis MSA real estate market, helping buyers and sellers make informed decisions. Stay updated with the latest market trends by visiting our website or contacting a MORE, REALTORS® professional.
The St. Charles County real estate market has experienced subtle shifts in pricing and activity as of March 2025. Homes in the area sold for a median price of $370,000, reflecting a slight decrease of 0.24% compared to March 2024, when the median sold price was $370,900. However, this price represents an increase of 1.71% from February 2025, where the median sold price stood at $363,779. The median list price also saw an upward trend, settling at $369,700 in March 2025, marking a 1.29% increase from the previous year’s $365,000.
In terms of sales volume, there were 342 home sales in March 2025, showing a decrease of 2.01% from the 349 sales recorded in March 2024. This data suggests a competitive market with fluctuating prices and a slightly reduced sales activity. For a detailed visual representation of these changes, refer to the chart below, which is available exclusively from MORE, REALTORS®. This chart provides an in-depth look at the pricing trends and sales volumes, helping potential buyers and sellers make informed decisions in the St. Charles County real estate market.
The Franklin County real estate market experienced notable growth in property values during March 2025. Homes sold for a median price of $267,150, marking an 8.16% increase compared to March 2024, when the median sold price was $247,000. This upward trend is also evident from the month-to-month comparison, as there was a 4.76% rise from February 2025’s median sold price of $255,000.
The median list price for homes followed a similar trajectory, reaching $270,000 in March 2025, which is an 8.43% increase from the previous year’s $249,000. Despite the rise in prices, the number of home sales saw a slight decrease, with 78 homes sold in March 2025, down 8.24% from 85 sales in the same month last year.
For a detailed visual representation of these trends, refer to the chart below, available exclusively from MORE, REALTORS®. This chart offers a clear view of the evolving real estate landscape in Franklin County, providing invaluable insights for both buyers and sellers in the region. As always, for more information and expert guidance on navigating the Franklin County real estate market, turn to MORE, REALTORS®, your trusted local experts.
There’s been a significant appointment at the Department of Justice that should grab the attention of everyone in the real estate industry. Roger Alford, a Notre Dame law professor with deep antitrust experience and a key expert witness in the 2023 Sitzer/Burnett case against NAR, has been named Principal Deputy Assistant Attorney General for the DOJ’s Antitrust Division. That’s a strong signal of where things may be heading.
Alford has made his views on NAR’s practices clear—particularly the Clear Cooperation Policy and MLS rules that tie access to REALTOR® membership. In his testimony and published work, he’s criticized these as tools to maintain monopoly control, limit competition, and prevent innovation. With Alford helping lead the Antitrust Division, it’s likely we’ll see increased federal pressure on longstanding industry practices.
Here in the St. Louis metro area, MARIS—our regional MLS—has taken a forward-looking stance. MARIS, which serves the metro and surrounding areas, has been actively working to address key issues early and stay ahead of regulatory changes. As Vice Chairman of the MARIS Board, I’ve seen firsthand the effort to prioritize transparency, flexibility, and broker protection while preparing for what’s ahead.
Real estate is changing fast, and those who adapt will thrive. At MORE, REALTORS®, we continue to push for transparency and consumer-first practices while equipping agents with tools and coaching to compete in this evolving landscape. Stay tuned—we’ll be ready for what comes next.
New home construction activity in the St. Louis area shows mixed results for the 12-month period ending February 2025, compared to the previous year. According to the latest data, single-family home permits across the region totaled 3,993, marking an increase of about 13.3% from the 3,525 permits recorded in the prior period.
Notably, St. Louis County experienced a significant increase of 30.4%, rising from 506 to 727 permits. St. Charles County also saw healthy growth, increasing permits by 11.88% from 1,328 to 1,507. The City of St. Louis similarly showed robust growth, jumping 43.48% from 322 to 462 permits.
However, several counties recorded declines, including Lincoln County, which faced the most substantial drop, down 81.82%, from 120 to just 66 permits. Warren and Franklin Counties also experienced decreases, falling 8.61% and 8.4%, respectively.
This increase in new home construction can largely be attributed to the ongoing housing inventory shortage in the St. Louis area. Despite recent improvements from historic lows, inventory remains very tight, with less than two months’ supply of homes for sale. This persistent shortage continues to drive strong demand for new housing, prompting builders to ramp up construction to meet buyer needs.
If you’re thinking about buying or selling a home or interested in exploring new construction options, reach out to the professionals at MORE Realtors INLINE TEXT Link – goes to agent website MORE, REALTORS®. They have the expertise and market insights to help you navigate the St. Louis real estate market effectively.
St Louis New Home Building Permits – February 2025
(click on table below for live interactive charts and more data)
A new national survey of experienced real estate agents sheds light on what’s really happening in the market—and what it means for St. Louis buyers, sellers, and investors. According to the data, affordability remains the single biggest concern agents face when looking ahead. Nearly two-thirds (64.2%) say it’s the top challenge over the next five years. With elevated interest rates and prices still outpacing income growth, the path to homeownership is tougher than ever for many buyers.
But it’s not just affordability. Inventory shortages remain a pain point, with 42.8% of agents citing low housing supply as a major issue. This lines up with what we’ve seen in the St. Louis metro area—fewer listings, faster sales, and buyers still competing over move-in ready homes. At the same time, about half of agents surveyed believe that both home sales and prices will rise in 2025. That optimism, while cautious, shows confidence that demand is still there—and that conditions may improve slightly as rates stabilize and more sellers re-enter the market.
Investors and current homeowners should also take note of a few emerging trends. Agents report a steady increase in insurance-related issues during transactions, particularly in high-risk states, and there’s a growing belief (39%) that climate change is influencing where buyers choose to live. While Missouri isn’t on the front lines of hurricanes or wildfires, shifting weather patterns and rising insurance costs could start playing a bigger role locally. Bottom line: Buyers and investors would do well to look beyond the price tag—digging into carrying costs, long-term risk factors, and neighborhood stability is more important than ever. The findings are based on a national survey of agents conducted by Redfin between December 2024 and January 2025.
Today, the National Association of REALTORS® (NAR) announced significant changes to its controversial Clear Cooperation Policy (CCP). After months of debate and scrutiny—from brokers, MLS leaders, agents, and legal experts—NAR introduced the new “Multiple Listing Options for Sellers” policy, which aims to address concerns around consumer choice and market fairness.
I’ve written extensively on why the original CCP faced such strong opposition, notably in my recent article highlighting attorney Michael Ketchmark’s explicit warning to NAR brokers: repeal CCP or face legal action. Ketchmark, lead counsel in the landmark Sitzer lawsuit, clearly indicated that maintaining the CCP could trigger antitrust lawsuits against individual brokers who supported it.
The new policy announced today appears to be NAR’s attempt to address these legal pressures while preserving some of the original intentions behind CCP.
Under the updated policy:
Sellers can now opt for a “delayed marketing exempt listing,” allowing the listing agent to temporarily withhold public marketing through IDX feeds or third-party syndications.
During this delayed period, properties remain accessible within the MLS, enabling agents from other brokerages to share these listings privately with clients.
Each local MLS will determine its own delayed marketing timeframe, catering to regional market needs.
Sellers choosing delayed marketing must sign a disclosure confirming their informed consent to delay broader public exposure.
Notably, NAR also clarified that one-on-one broker communications won’t trigger CCP’s requirements, but multi-broker communications remain classified as public marketing.
While the new policy does introduce more flexibility, from my perspective, it may still miss the mark. In my recent article, I proposed a more balanced solution: creating an “MLS Exclusive” category. This would mandate inclusion of listings within the MLS to ensure broad exposure among professionals, but without public syndication to Zillow, Realtor.com, and countless other public sites. This approach effectively balances privacy needs with fair competition—avoiding potential antitrust pitfalls.
The new NAR policy seems like a half-step toward that goal. It introduces valuable flexibility but still leaves questions about privacy and antitrust vulnerability unanswered. While delayed marketing might address some concerns, it stops short of fully embracing a robust, MLS-exclusive alternative.
As this policy rolls out nationwide—with implementation required by September 30, 2025—it’ll be critical for MLSs, brokers, and agents here in St. Louis and across Missouri to carefully evaluate the implications. The legal landscape remains sensitive, and industry professionals would be wise to consider whether this new policy fully addresses potential legal challenges or merely delays them.
The latest data from the St Louis City real estate market shows a decrease in home prices compared to the same time last year. According to the chart below, exclusively available from MORE, REALTORS®, the median sold price for homes in the St Louis City update was $200,000 in February 2025, a 4.74% decrease from February 2024 when the median sold price was $209,950. This also represents a 10.91% decrease from January 2025, when the median sold price was $224,500.
In addition, the median list price for homes in the St Louis City update was $199,900 in February 2025, a 3.64% decrease from $207,450 in February 2024. This decrease in list price may indicate a more competitive market for buyers.
The number of home sales in the St Louis City update also saw a decrease in February 2025, with 171 home sales compared to 200 in February 2024, a 14.50% decrease. This could be due to a combination of factors such as low inventory and a slower market.
As a trusted real estate company in St Louis, MORE, REALTORS® is committed to providing accurate and timely market data to help buyers and sellers make informed decisions. Stay tuned for more updates on the St Louis City real estate market.
A growing number of real estate brokerages are steering sellers toward private listing networks rather than listing homes on the Multiple Listing Service (MLS). According to a January 2025 Harris/Zillow poll, this shift is happening despite a lack of consumer awareness about what private listings mean—and how they can impact a home sale.
The survey of over 2,000 U.S. adults highlights an alarming trend: most sellers aren’t being given all the facts about listing options. Here’s what you need to know before deciding where to list your home.
Most Sellers Are in the Dark About Private Listings
According to the poll:
68% of Americans who worked with a real estate agent said their agent never explained the difference between the MLS and a private listing network.
63% of sellers who sold within the past five years were recommended to list privately—compared to just 18% of sellers more than five years ago.
This represents a massive shift in how homes are being marketed, with some brokerages choosing to keep listings hidden from the full buyer pool.
Does Keeping a Listing Off the MLS Help Sellers?
The answer is clear: not usually. While some brokerages argue that private listing networks help “control” a sale, the data suggests many sellers regret the decision:
43% of sellers who listed privately ended up switching to the MLS.
Only 35% stuck with the private listing approach, meaning more than half of sellers who used private listings weren’t satisfied with the results.
Why the change of heart? The reality is that homes listed on the MLS attract more buyers, leading to stronger offers and higher sale prices. Research from Bright MLS found that homes listed publicly sell for 17.5% more than those kept off the MLS.
Even when sellers initially preferred a private listing network, 44% changed their minds after learning this fact—a number that jumped to 56% among older sellers.
The survey also confirms what many in the industry already know: buyers want full access to listings.
86% of Americans believe all for-sale home listings should be freely available to buyers.
81% believe bidding wars are more likely when more buyers can view a listing—which is good news for sellers looking to drive up their sale price.
73% agreed that restricting access to listings could lead to discrimination, an issue that could create serious fair housing concerns.
This raises an important question: if consumers overwhelmingly want transparency in home sales, why are some brokerages pushing sellers in the opposite direction?
The Most Important Factor When Choosing an Agent
When sellers choose an agent, they’re looking for one thing above all else: exposure to the largest pool of buyers.
The survey found that:
52% of sellers said getting their home in front of the most buyers was the #1 priority.
Only 21% considered access to an exclusive buyer network important—the very selling point that private listing networks rely on.
In other words, the very reason some agents give for using private listing networks—”targeting the right buyers”—is the exact opposite of what most sellers want.
Bottom Line: Private Listings Benefit Agents, Not Sellers
The data makes one thing clear: private listing networks benefit brokerages more than sellers. They allow firms to keep listings (and commissions) in-house, but at the expense of sellers who could be leaving money on the table.
If you’re selling a home, make sure your agent is working for your best interests, not their brokerage’s bottom line. The MLS remains the best tool for maximizing exposure, generating competition, and getting top dollar for your property.
And if your agent recommends a private listing network? Ask why—then demand to see the data.
The real estate market in St. Louis County is continuing to show strong growth, with the median sold price for homes reaching $250,000 in February 2025. This represents a 13.64% increase from February 2024, when the median sold price was $220,000. The chart below, available exclusively from MORE, REALTORS®, illustrates this upward trend.
The median list price in February 2025 was also up, reaching $249,900. This is a 16.23% increase from the previous year, when the median list price was $215,000. Despite this increase, the market remains competitive and homes are selling quickly.
In February 2025, there were 641 home sales in St. Louis County, a slight decrease of 16.97% from February 2024 when there were 772 sales. This decrease in sales could be attributed to the limited inventory of homes available on the market.
Overall, the St. Louis County real estate market is showing promising signs of growth and stability. With the median sold price and list price both on the rise, now may be a good time for sellers to list their homes. And for buyers, working with a knowledgeable and experienced REALTOR, like those at MORE, REALTORS®, can help navigate the competitive market and find the perfect home.
Are you looking to buy or sell a home in the St. Louis metro area? If so, you’ll want to pay attention to the fastest selling zip codes in the region. According to recent data, the top three zip codes with the shortest average time on the market are 63021 in St. Louis, MO, 62095 in Madison-IL, IL, and 63050 in Jefferson, MO.
In 63021, homes are selling at lightning speed with an average of only 13 days on the market. This zip code also boasts an average list price of $527,146, making it a desirable location for both buyers and sellers. Coming in second is 62095 in Madison-IL, IL, with an average of 17 days on the market for its 7 listings. And in third place is 63050 in Jefferson, MO, where homes are selling in an average of 19 days among its 16 listings. For a complete list of the fastest selling zip codes in the St. Louis metro area, be sure to check out MORE, REALTORS®.
With the real estate market moving at a rapid pace, it’s important for both buyers and sellers to stay informed about the hottest zip codes in the area. Whether you’re looking to purchase your dream home or sell your current property, knowing which areas are in high demand can greatly benefit your real estate goals. So don’t miss out on the opportunity to make a move in these top selling zip codes in the St. Louis metro area.
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There are homes that you sell, and then there are homes that you carry.
