As of July 2025, the St. Louis real estate market is experiencing a minor but welcome drop in mortgage rates, signaling a slight relief for prospective homebuyers. The 30-Year Fixed mortgage rate has decreased by 0.04%, now standing at 6.77%. Simultaneously, the 15-Year Fixed mortgage rate also saw a reduction of 0.04%, positioning it at 5.98%. These adjustments, though modest, contribute to a broader trend of falling rates within the region, offering a potential window of opportunity for those looking to secure a home loan at a slightly more favorable rate.
For buyers and sellers in the St. Louis area, these changes could influence decision-making processes. Lower rates may encourage buyers to enter the market, hoping to capitalize on the decreased borrowing costs. Conversely, sellers might find a more active market, as lower rates can increase the pool of potential buyers qualified to purchase their homes. These dynamics underscore the importance of staying informed on rate trends, especially in a fluctuating economic environment.
For a more detailed analysis of how these rates have changed over time, potential homebuyers and sellers are encouraged to click the chart button below. This information has been provided by MORE, REALTORS®, ensuring that stakeholders in the St. Louis real estate market have access to current and relevant mortgage rate data to make well-informed decisions.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.77%
-0.04%
15 Yr. Fixed
5.98%
-0.04%
30 Yr. FHA
6.28%
-0.06%
30 Yr. Jumbo
6.87%
-0.03%
7/6 SOFR ARM
6.39%
-0.06%
30 Yr. VA
6.29%
-0.06%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 10, 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 Metro East real estate market experienced significant growth in June 2025, with home sales and prices showing robust increases. Homes in the Metro East area sold for a median price of $227,000, marking a 2.71% rise from June 2024’s median of $221,000. This price also reflects a substantial 10.73% increase from May 2025, when the median sold price was $205,000. The median list price followed suit, climbing to $225,000, up 4.65% from the previous year.
In terms of sales volume, June 2025 saw 721 homes sold, representing a 16.10% increase from the 621 transactions recorded in June 2024. This uptick indicates a growing demand in the Metro East housing market.
For a detailed view of these trends, refer to the chart below, available exclusively from MORE, REALTORS®. This visual representation provides a clear overview of the market’s positive trajectory over the past year, supporting both buyers and sellers in making informed decisions.
The St. Charles County real estate market has experienced subtle yet consistent growth as of June 2025. The median selling price of homes reached $373,200, marking a 0.86% increase from June 2024’s median of $370,000. This price also reflects a steady rise from May 2025, maintaining the same 0.86% growth rate. Prospective buyers saw a slight uptick in median list prices, which escalated to $369,995 in June 2025, up by 1.37% from the previous year.
Despite the rising prices, the volume of home sales showed a minimal decline. In June 2025, the county recorded 516 home sales, slightly down by 0.19% from 517 sales in June 2024. This data, illustrated in the chart below, provides a clear view of the trends in St. Charles County’s housing market. For a comprehensive understanding and exclusive insights, the chart is available exclusively from MORE, REALTORS®. This information is crucial for anyone looking to make informed decisions in the St. Louis, MO real estate sector.
The St. Louis Metropolitan Statistical Area (MSA) real estate market experienced subtle shifts in June 2025. Homes sold for a median price of $290,001, showing a slight decrease of 2.68% compared to June 2024 when the median price was $298,000. This trend continued from May 2025, where there was a modest decline of 0.69% from a median sold price of $292,015. The median list price also saw a minor reduction to $289,500, down 0.14% from June 2024’s median of $289,900.
Despite the dip in prices, the volume of home sales in the region indicated a more positive note, with 3,299 homes sold in June 2025, marking a 3.00% increase from the 3,203 sales recorded in June 2024.
For a detailed visual representation of these trends, refer to the chart below, available exclusively from MORE, REALTORS®. This chart provides a clear view of the pricing and sales volume trends in the St. Louis MSA real estate market, essential for both buyers and sellers looking to make informed decisions in this dynamic market.
On Independence Day, we celebrate the freedoms secured by our nation’s founders, including the right to own property. St. Louis played a pivotal role in America’s westward expansion, famously known as the “Gateway to the West.” The availability of land and the chance to own a home here offered many families a tangible piece of the American dream. Today, the tradition of homeownership in St. Louis is a direct reflection of those ideals of independence and opportunity that have shaped our city and our nation.
🇺🇸 Wishing everyone a safe and happy 4th of July! 🇺🇸
According to ATTOM’s Q1 2025 U.S. Home Flipping Report, home flipping remained an active segment of the real estate market in both Missouri and Illinois, although investor performance varied. In Missouri, 1,576 homes were flipped during the quarter, representing 11.0% of all home sales—well above the national average. Flippers in Missouri earned a median gross profit of $36,000, which translated to an 18.0% return on investment (ROI). Meanwhile, Illinois saw higher profitability with 2,001 flips and a 6.5% flipping rate. The median gross profit for Illinois investors reached $85,981, yielding a strong ROI of 52.8%. While Illinois investors had to hold properties longer—averaging 182 days compared to Missouri’s 165 days—the higher margins more than compensated for the wait. The ATTOM report reflects how flipping conditions can differ sharply even between neighboring states, emphasizing the importance of market-specific strategies and cost structures for investors seeking consistent returns.
For buyers, sellers, or investors in the St. Louis area looking to navigate the local real estate landscape—whether you’re flipping, buying, or selling—working with a knowledgeable agent from MORE, REALTORS® can help you make informed decisions with local expertise and proven results.
As the St. Louis real estate market navigates through summer, mortgage rates continue their upward trajectory. Today, the 30-year fixed mortgage rate has inched up by 0.06% to 6.73%, marking a significant rise that impacts both potential homebuyers and sellers in the area. Similarly, the 15-year fixed rate also rose by 0.06%, settling at 5.97%. These increases are part of a broader trend that sees rates steadily climbing, affecting affordability and buyer demand.
For St. Louis residents, these rising rates mean recalculating budgets and potentially adjusting their buying power. Higher rates can add considerable cost over the life of a mortgage, making it crucial for buyers to evaluate their financing options carefully. Sellers might also feel the impact, as higher rates can cool down buyer enthusiasm and possibly lead to longer listing periods. Whether you’re looking to buy, sell, or refinance, staying informed about rate changes is key. For a detailed look at how these rates have changed over time, click the chart button below.
This analysis is provided by MORE, REALTORS®, and serves as a vital resource for understanding how current trends in mortgage rates could influence your real estate decisions in the St. Louis area. With rates expected to continue their upward climb, both buyers and sellers should prepare for a shifting market landscape.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.73%
+0.06%
15 Yr. Fixed
5.97%
+0.06%
30 Yr. FHA
6.25%
+0.06%
30 Yr. Jumbo
6.84%
+0.04%
7/6 SOFR ARM
6.33%
+0.04%
30 Yr. VA
6.26%
+0.06%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 3, 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.
Here’s an update on the One Big Beautiful Bill, fresh from its razor-thin Senate win and heading to the House.
Bottom line for the St. Louis market: The Senate kept nearly all the real-estate perks from the original plan and added a few new benefits that could mean lower taxes for homeowners across the metro, extra take-home pay for small landlords, and more funding for affordable housing projects.
What stayed the same:
Tax brackets and the standard deduction remain locked in and permanent. No surprise rate hikes in 2026.
The tax break for small real-estate businesses – like independent agents and landlords – gets even better. You can now deduct nearly a quarter of qualifying income, up from 20 percent.
Expanded Low-Income Housing Tax Credits promise more affordable apartment projects, like developments planned near the Cortex Innovation District and rehab of older buildings in South City.
Estate tax rules stay generous, letting each person pass on up to $15 million free of federal tax. That helps families keeping rental properties or historic homes in the family.
New wins in the Senate version:
State and local tax deductions jump from a $10,000 cap to $40,000. That could help higher income home owners receive some relief for the increase state and local taxes they pay (especially those living in the City of St Louis that are subject to the additional city earnings tax).
A new exclusion for tips and overtime pay means service workers – from restaurant staff to landscapers – keep more of what they earn, easing the path to homeownership or covering rent.
Seniors get a higher standard deduction, giving older homeowners on fixed incomes a bit more breathing room.
Next steps in the House: The U.S. House could vote any day. If they approve the Senate version as-is, the bill moves straight to the President – possibly by Independence Day. Any changes would send it back to the Senate, delaying final passage.
Why this matters in St. Louis: Locked-in low rates and bigger deductions keep more money circulating locally, whether you’re prepping a home for sale or advising a small investor. More affordable-housing funding can drive projects like the new Marquette Homes Project (Dutchtown and Gravois Park, St. Louis City) and the Clinton-Peabody Apartments Redevelopment.
ATTOM’s latest U.S. Home Affordability Report for Q2 2025 puts numbers to what many already feel: homeownership just keeps getting tougher across the country. Nationally, median home prices hit a record $369,000, and the share of wages needed for typical homeownership expenses jumped to 33.7% , well above the 28% threshold generally considered affordable. But in the St. Louis metro area, affordability is holding up better than many might expect. According to ATTOM, most of the counties making up the St. Louis MSA still fall under the 28% affordability benchmark. Jefferson County, MO, St. Clair and Madison Counties in IL, and even the City of St. Louis all came in below the unaffordable mark. This makes St. Louis one of the few major markets in the country where average wage earners can still buy a median-priced home without crossing that affordability red line.
Digging deeper into Missouri and Illinois, St. Louis area counties are standing out for the right reasons. In the national context, where 99.3% of counties were less affordable than their historical averages, places like St. Louis County and surrounding areas haven’t seen the same kind of pressure. ATTOM’s data also shows that in over a third of U.S. counties, home price growth outpaced wage growth in Q2, but many counties in eastern Missouri and western Illinois managed to buck that trend. While places like San Mateo County, CA now require a staggering $408,000 income to afford a median home, many parts of the St. Louis region remain accessible to buyers earning under $100,000 annually. That’s not to say the region is immune, costs are rising, and ATTOM’s data shows that the percentage of wages needed for housing went up quarter-over-quarter in the majority of counties. Still, compared to national and even state-level peers, the St. Louis MSA is offering a level of affordability that’s becoming harder to find elsewhere.
In the latest financial update for the St. Louis area, mortgage rates have shown a marginal decrease, providing a slight relief to potential homebuyers. As of June 2025, the 30-Year Fixed mortgage rate has dipped to 6.79%, a small decrease of 0.03%. Similarly, the 15-Year Fixed rate has fallen by 0.02%, now standing at 6.02%. These adjustments represent a continuing trend of falling rates, albeit still hovering at higher levels, with the 30-Year rates maintaining above the 6.5% mark.
The impact of these changes on the St. Louis real estate market could be significant, particularly for buyers who are navigating the challenges of higher borrowing costs. Lower rates, even by fractional percentages, can translate into reduced monthly payments, making home purchases slightly more accessible in an otherwise expensive lending environment. Sellers might also find these lower rates beneficial as they can attract more buyers who are on the fence due to cost concerns.
For those interested in a deeper dive into the trends and historical data of mortgage rates, the chart button below offers a comprehensive view. This detailed analysis is provided courtesy of MORE, REALTORS®, ensuring that both buyers and sellers have the latest information at their fingertips to make informed decisions in the St. Louis housing market. As we move forward, keeping an eye on these rates will be crucial for anyone involved in real estate transactions in the area.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.79%
-0.03%
15 Yr. Fixed
6.02%
-0.02%
30 Yr. FHA
6.25%
-0.05%
30 Yr. Jumbo
6.89%
-0.01%
7/6 SOFR ARM
6.37%
-0.02%
30 Yr. VA
6.27%
-0.04%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of June 26, 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.
A new lawsuit filed this week by Compass against Zillow has stirred up serious debate in the real estate industry, and while it may sound like a clash of two corporate giants, the real impact hits much closer to home, literally, for consumers, sellers, and real estate agents across the country, including right here in St. Louis.
In the 60-page complaint filed in federal court, Compass accuses Zillow of using its massive power and reach in the home search world to enforce what it calls an “anti-competitive ban” that hurts competition and restricts how agents can market listings for their seller clients. At the heart of this lawsuit is Zillow’s newly adopted “Listing Access Standards” policy (referred to in the complaint as the “Zillow Ban”), which goes into full enforcement this month. Under the policy, any property that is marketed publicly off Zillow’s platform for more than one day. like in a broker’s private network or pre-listing phase, will be banned from appearing on Zillow entirely.
Compass claims this policy is designed to crush its “3-Phased Marketing Strategy,” which includes pre-listing exposure through private Compass channels before going public on the MLS. According to Compass, 94% of homes that used this strategy in 2024 still ended up on Zillow during the final phase of marketing. So, Compass says, this isn’t about hiding listings from buyers, it’s about giving sellers the option to test price points, build interest, and protect their privacy and time before going live.
But here’s where this lawsuit goes from being a legal fight between billion-dollar companies to something every homeowner and agent should be thinking about. Because in the end, what’s really at stake is whether real estate continues to be personal and local…or becomes just another impersonal, number-driven corporate transaction.
As someone who’s been in this business since 1979…back when local, independent brokerages and personal relationships drove nearly every home sale. I’ve watched the industry shift dramatically. What’s happening now, though, is more than just a shift. It’s a push by massive, venture-backed tech companies to control where listings go, how buyers find them, and who gets paid. And they’re all claiming it’s “in the best interest of the consumer.”
But let’s be honest. These approaches can’t both be right. One company wants every home listed on their national platform as fast as possible. The other believes in giving sellers the chance to test and refine before going public. These are completely opposite approaches, and both can’t be in the consumer’s best interest. But they can definitely be in the best interest of the companies pushing them.
There’s nothing wrong with a business acting in its own interest. We do that, too. But in real estate, we have something else layered on top: a fiduciary obligation. Our duty is to put the interests of our clients first. And that’s what we do in our company, along with many other brokers and agents across St. Louis and beyond. Whether an agent is listing a home for a seller or working with a buyer to find the right property, it should always come down to what’s best for the client—not what’s best for a platform or a profit-sharing model.
I’m not writing this as an “anti-Zillow” or “anti-Compass” piece. I’m writing it as someone who’s passionate about keeping real estate human. We’re not just dealing with assets, we’re helping people with what is often the biggest, most emotional decision of their lives. The beauty of this business has always been in the personal connection, the deep understanding of local markets, and the relationship between client and agent. That’s what corporate models, no matter how sophisticated the technology, can’t replace.
If this lawsuit accomplishes anything, I hope it at least reignites a conversation around what real estate should be. It should be client-first. Agent-supported. And driven by value, not volume.
Time will tell how this plays out in court. But regardless of the outcome, I know where we stand. And if you’re a homeowner, buyer, or agent who still believes in local knowledge, personal service, and fiduciary duty above all else, then you’re not alone.
With over 40 years in St. Louis real estate, Dennis leads MORE, REALTORS® with a focus on transparent, client-driven service and supporting agents who believe in putting fiduciary duty above all else.
Ready for a Confidential Conversation?
📱 Call or Text
314.332.1012
✉️ Email
Dennis@stlre.com
If you’re an agent who values local knowledge, personal service, and believes real estate should remain human-centered rather than corporate-driven, let’s talk. All conversations are completely confidential.
The St. Louis real estate market has shown nuanced shifts in May 2025, with the median home selling price reaching $230,000, a slight increase of 0.88% compared to May 2024. This price reflects stability in the market, albeit slightly down by 4.17% from April 2025, where the median selling price was $240,000. The median list price, however, saw a more positive year-over-year growth, setting at $230,000 in May 2025, up by 3.39% from the previous year.
In terms of sales volume, St. Louis experienced a slight decrease, with 329 homes sold in May 2025, down by 3.80% from 342 homes sold in May 2024. This subtle drop underscores a tightening in market activity, which could be of interest to potential buyers and sellers looking to navigate the St. Louis real estate landscape.
For a more detailed look at these trends, refer to the chart below, available exclusively from MORE, REALTORS®. This visual representation provides a clear overview of the market dynamics over the past month, offering valuable insights for making informed real estate decisions in St. Louis.
The Metro East real estate market showcased a significant increase in home prices in May 2025, with the median sold price reaching $205,000, marking a 5.13% rise from May 2024’s median of $195,000. This price also reflects a substantial 7.33% increase from April 2025, where the median sold price was $191,000. Despite the rising prices, the total number of home sales experienced a sharp decline, with only 395 homes sold in May 2025 compared to 700 in the same month the previous year, representing a 43.57% decrease.
The median list price for homes followed a similar upward trend, setting at $200,000, up 5.26% from $190,000 in May 2024. These figures suggest a tightening market in the Metro East area, where higher prices may be influencing buyer activity. For a detailed visual representation of these trends, refer to the chart below, which is available exclusively from MORE, REALTORS®. This chart provides an insightful look into the dynamic shifts within the Metro East real estate market as of June 2025.
St. Louis stood out as one of the top-performing rental markets in the nation in early 2025, with single-family rents rising 6.1% year-over-year through March. That’s the second-highest increase among the 50 largest U.S. metros and well above the national average of 4.1%, according to the Q2 2025 Arbor Single-Family Rental Investment Trends Report:contentReference[oaicite:0]{index=0}.
This growth comes despite national trends showing a slowdown in rent escalation and a slight dip in occupancy. Occupancy rates for single-family rentals nationwide averaged 93.7% in Q1 2025, marking the fourth straight quarterly decline. Retention rates, however, are on the rebound after dropping from a high of 87.3% in mid-2022 to 79.2% in early 2024—now climbing back to 84.3% by year-end.
Build-to-rent construction, a key driver in the single-family rental space, has also stabilized. Nationally, about 84,000 units were started over the past year, making up 8.4% of all single-family home starts. Meanwhile, cap rates for single family residential (SFR) properties rose to 6.8%, and debt yields climbed to 10.8%, reflecting higher borrowing costs and investor caution:contentReference[oaicite:2]{index=2}.
Despite slight cooling in the broader housing market, St. Louis continues to see strong demand for single-family rentals—benefiting from affordability pressures, limited for-sale inventory, and a steady renter base. These conditions position St. Louis as a resilient market for rental investors, even as the national market moves toward more balanced conditions.
For those interested in exploring opportunities or evaluating options, reach out to MORE, REALTORS® for trusted guidance.
According to the just-released Independent Landlord Rental Performance Report – June 2025 from Chandan Economics, Missouri finds itself far from the top in terms of on-time rental payments. The national on-time payment rate dropped to 84.3%, down 85 basis points from the month before, while the forecast full-payment rate slid to a post-pandemic low of 94.0%. While western states like Montana (93.5%) and Utah (92.3%) led the nation, Missouri did not crack the top 10 — or even top 20 — states for on-time rent performance. This matters for St. Louis landlords and property managers who rely on timely rent to meet mortgage and maintenance obligations.
The report, using data from over 73,000 independently managed rental units tracked via RentRedi, is a key indicator for “mom-and-pop” landlords. Properties with 2-4 units performed best at 84.6% on-time payment, compared to just 83.6% for larger multifamily properties. For St. Louis investors managing smaller portfolios, this suggests resilience in duplexes and fourplexes. But with rising credit card delinquencies and resumed student loan payments, economic pressure on renters is growing. It’s more important than ever for landlords to stay informed, use solid tenant screening practices, and explore tools for efficient rent collection. For support navigating this changing landscape, connect with MORE, REALTORS®.
The St. Louis Metropolitan Statistical Area (STL MSA) real estate market demonstrated robust growth in May 2025, with median home sale prices reaching $292,500, marking an 8.33% increase from May 2024. This growth is also evident when compared to the previous month, April 2025, where the median sale price was $275,000, showing a 6.36% monthly increase. The median list price also saw a substantial rise to $289,450, up 9.23% from the previous year.
Despite the increase in prices, the number of home sales experienced a decline, with 2,968 homes sold in May 2025, down 13.57% from 3,434 sales in May 2024. This data, illustrated in the chart below, highlights significant trends in the STL MSA real estate market. The chart is available exclusively from MORE, REALTORS®, providing detailed insights into the ongoing changes in the local real estate landscape. For more detailed analysis and expert guidance, visit MORE, REALTORS®, specializing in St. Louis real estate.
The St. Louis metropolitan area, encompassing counties in both Missouri and Illinois, has witnessed a notable shift in its real estate market this year. As of the end of May 2025, the region recorded 12,375 home sales, marking an 8.66% decrease compared to the 13,548 homes sold during the same period in the previous year. This downturn reflects broader market dynamics and could influence both potential home buyers and sellers in their decision-making processes.
Despite the year-over-year decline, the current sales figures present a robust market scenario compared to historical data. For those interested in the specifics of local trends, MORE, REALTORS® has compiled a comprehensive list of the fastest-selling zip codes in the area, available at the end of this article. This targeted information could prove invaluable for anyone looking to navigate the complexities of the St. Louis real estate market, whether buying a new family home or selling one’s property.
The St. Louis County real estate market experienced notable price increases in May 2025, according to the latest data. Homes sold for a median price of $301,900, marking a sharp rise of 9.78% compared to May 2024, when the median sold price was $275,000. This increase is also a significant 11.81% jump from April 2025’s median sold price of $270,000. The median list price followed a similar upward trend, reaching $294,900 in May 2025, up 11.28% from $265,000 in the same month last year.
Despite the rise in prices, the number of home sales in St. Louis County saw a decrease, with 1,155 homes sold in May 2025, down 10.74% from 1,294 sales in May 2024. For a detailed visual representation of these trends, refer to the chart below, exclusively available from MORE, REALTORS®. This chart provides an in-depth look at the price movements and sales dynamics over the past month, offering valuable insights for potential buyers and sellers in the St. Louis area.
In St. Louis, the mortgage landscape is experiencing a minor but welcome decrease in rates as of June 2025. The 30-year fixed mortgage rate has edged down slightly to 6.87%, a decrease of 0.01%, while the 15-year fixed rate has also dropped by 0.03% to 6.13%. These changes, though modest, continue the overall downward trend in the local mortgage rate environment, providing some relief to homebuyers amidst rates that remain historically high.
For potential homebuyers and sellers in the St. Louis area, these rate adjustments mean slightly lower borrowing costs, which could enhance buying power in a market that has seen rates hovering above the 6.5% mark for some time. The decrease in rates across various mortgage types, including FHA and VA loans, suggests a broader market adjustment which could influence both the affordability and attractiveness of housing in the region.
For a more detailed look at how these rates compare to historical trends, click the chart button below. This analysis is provided by MORE, REALTORS®, ensuring you have access to current and relevant data to make informed decisions in the St. Louis real estate market. Whether you’re buying, selling, or refinancing, staying updated on rate changes could significantly impact your transaction.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.87%
-0.01%
15 Yr. Fixed
6.13%
-0.03%
30 Yr. FHA
6.41%
-0.02%
30 Yr. Jumbo
6.95%
-0.02%
7/6 SOFR ARM
6.42%
-0.02%
30 Yr. VA
6.42%
-0.02%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of June 19, 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. Charles County real estate market experienced a notable increase in home prices in May 2025. The median sold price for homes reached $370,000, marking a 5.41% rise from May 2024’s median of $351,000. This increase also represents a 2.78% growth from April 2025, where the median sold price was $360,000. Meanwhile, the median list price saw an uptick to $373,950, which is 6.84% higher compared to the same period last year.
Despite the rise in prices, the number of homes sold in May 2025 slightly decreased by 3.26%, with 504 homes sold compared to 521 in May 2024. This data, illustrated in the chart below, provides a clear view of the market trends in St. Charles County. For a detailed analysis and more exclusive charts, contact MORE, REALTORS®, who continue to provide expert insights into the St. Louis, MO real estate market.
Buried in a 1961 Sunday Post-Dispatch Newspaper, an ad by Income Investment Co. promised St. Louisans a new home for a price “everyone” could afford—$9,650 with just $350 down and a principal-and-interest payment of $54.31. The 3-bedroom ranches in Eureka’s brand-new “Shaw’s Garden” subdivision even came with five king-size closets and concrete streets. Chrysler’s Fenton plant was ramping up a few miles away, and the ad all but wrote the script for the blue-collar American Dream.
Fast-forward to 2025. That $9,650 price tag converts to roughly $99,000 in today’s dollars using the CPI, yet recent sales on the same streets: Hill, Weber and Butler, are closing around $225,000. In other words, every original dollar turned into about $2.25 of real value, beating inflation by more than double.
But the monthly payment story paints an even clearer picture. In 1961, that $54 house payment represented about one-ninth of a typical household’s income. Today, even with Eureka’s median income above six figures, a similar slab ranch pushes that burden to around one-sixth. That’s a 26% increase in how much of the paycheck goes to just principal and interest.
And it’s not just about mortgage interest rates. Even if mortgage rates dropped a full percentage point tomorrow, payments on a $225,000 home would still eat up about 14% of median income, well above the 11% level from 1961. The core issue is simple: home prices grew about 23 times since then, while incomes only rose about 19 times.
In St. Louis, that’s playing out visibly in neighborhoods like Eureka, where a ranch listed at or below $250k might look like a bargain. But once you run the math, those “starter” homes are putting more pressure on buyers than they did 60 years ago. Taxes, insurance and HOA fees only stack the load higher.
So how did a modest 1,200 square-foot ranch on a 60×125 lot beat the broader economy? It wasn’t upgrades or architecture…it was land, location, and scarcity. Back then it was Chrysler; today it’s Amazon’s hub, I-44 logistics, and a top school district. Even with remote work more common, homes near job corridors still carry value, just not as heavily as they once did.
And this isn’t just true in Eureka: throughout the St. Louis metro area, plenty of communities still attract first-time buyers and value-focused shoppers looking for affordable homes in convenient locations with decent schools—places like Affton, Maplewood, Fenton, Maryland Heights, University City, St. Ann, St. Charles, and Pacific, to name a few.
Key takeaways for 2025:
“Affordable” doesn’t mean easy: Even plain homes under $250k are stretching buyers more than they did 60 years ago.
Lot size and location still carry weight: For many buyers, a dated ranch with a real yard beats out newer builds crammed onto tight lots in weaker locations.
Location still matters: Whether it’s getting to work, shopping, restaurants, ballgames, or just cutting down drive time—access and convenience still add value.
Equity builds fast if you bought early: A $9,650 house in 1961 might be worth $225k+ now—and likely with six figures of tax-free gain for homeowners. The model still works.
Perspective for today’s buyer: $54/month sounded great in 1961—but it also fit the paycheck. Today’s buyer has a different income and a different hurdle. The trick is knowing where the long-term upside still lives.
Thinking of selling a home you’ve owned forever? Or trying to make sense of today’s prices as a buyer or investor? Let’s run the numbers.
Reach out to MORE, REALTORS® today and put some data behind your next move.
The Franklin County real estate market witnessed subtle yet noteworthy changes in May 2025. The median sold price for homes reached $260,700, marking a slight increase of 0.27% from May 2024, when the median was $260,000. However, this figure shows a decrease of 2.81% compared to April 2025, where homes were selling at a median price of $268,250.
In terms of market activity, there were 130 home sales in May 2025, reflecting a growth of 5.69% from the 123 sales recorded in May 2024. Meanwhile, the median list price experienced a minor dip, settling at $257,450, down by 0.94% from $259,900 in the previous year.
For a detailed visual representation, refer to the chart below, which is available exclusively from MORE, REALTORS®. This chart provides a clear visual of the trends and shifts in the Franklin County real estate market, helping both buyers and sellers make informed decisions. As always, for expert advice and up-to-date information on real estate in St. Louis, MO, consider consulting with professionals at MORE, REALTORS®.
The conversation around private or “off-MLS” listings is heating up again, and for good reason. With inventory climbing and more competition among sellers, maximizing exposure is more important than ever.
While private listings are sometimes positioned as a strategic move, the reality is that withholding a listing from the open market often limits a seller’s reach, potentially leaving money on the table. That’s the central warning in an Op-Ed by Realtor.com CEO Damian Eales, who writes:
“Private listings benefit agents and brokerages more than they do consumers… The more listings that are private, the less accurate the market view—and the less effective our platforms become for all buyers and sellers.”
At MORE, REALTORS®, our agents understand and uphold fiduciary duty—we work for our clients, not ourselves.That means guiding sellers to make informed, strategic choices based on their goals, not our convenience.
Yes, there are rare cases—such as when representing high-profile clients or individuals in sensitive situations—where keeping a listing “under wraps” may be appropriate. But those situations make up a very, very small percentage of home sales in the St. Louis metro area.
In nearly every case, the best path to top dollar and favorable terms is broad, public exposure—reaching the full pool of qualified buyers.
If you’re thinking about selling and want advice rooted in real fiduciary duty, transparency, and experience, talk to a professional at MORE, REALTORS®. Our goal is the same as yours: get you the best result possible.
The Jefferson County real estate market has experienced significant changes as of May 2025, with the median home selling price reaching $300,000, a notable increase of 13.21% from the previous year. This upward trend is also evident from April 2025, where the median sold price was $290,000, marking a 3.45% rise. Despite the higher prices, the number of homes sold in May 2025 saw a decrease, with 241 homes sold compared to 284 in May 2024, a drop of 15.14%.
The median list price in May 2025 stood at $295,900, showing a robust growth of 13.81% from $260,000 in May 2024. This data indicates a strong seller’s market in Jefferson County, with increasing home values and a competitive market environment.
For a detailed visual representation, please refer to the chart below, which illustrates these trends. This chart is available exclusively from MORE, REALTORS®, providing critical insights for anyone interested in the Jefferson County real estate market. Whether you’re considering buying, selling, or simply staying informed, these figures are essential for understanding the current market dynamics.
The St. Louis City real estate market has shown varied dynamics as of May 2025. Homes sold for a median price of $230,000, marking a slight increase of 0.88% from May 2024, when the median sale price was $228,000. This figure, however, reflects a decrease of 4.17% compared to April 2025, when homes were selling at a median price of $240,000. The median list price in May 2025 also showed an upward trend, standing at $230,000, which is a 3.39% increase from the previous year’s $222,450.
In terms of sales volume, there were 329 home sales in May 2025, a decrease of 3.80% from 342 sales in May 2024. This data suggests a slight cooling in market activity compared to the same period last year. For a more detailed visual representation, the chart below illustrates these trends and is available exclusively from MORE, REALTORS®. This chart provides potential buyers and sellers with a clear view of the current market conditions in St. Louis City, aiding in informed decision-making. For further insights and expert guidance, trust MORE, REALTORS®, your local real estate experts in St. Louis, MO.
While brokers across the country argue over Clear Cooperation and buyer compensation, one group isn’t making noise — but they are taking notes. State real estate commissions, including Missouri’s, are quietly preparing for enforcement… and private listings are on their radar.
In a recent blog post titled “Private listings just got real: State regulators have entered the chat“, real estate compliance consultant Summer Goralik, a former DRE investigator, warned that off-MLS listings marketed without clear seller-driven intent could expose brokers to serious regulatory trouble. And in Missouri, that trouble comes with a very specific rulebook.
This Isn’t Just a Policy Risk — It’s a License Risk
Missouri license law is clear: licensees are required to act competently and in the client’s best interest. Business strategy is not a defense.
“The commission may investigate… any act or practice… that demonstrates bad faith, misconduct, gross negligence, or untrustworthy behavior.” — RSMo 339.100.2(19)
If you’re packaging private listings as a tool to generate double-ended deals or keep control of the buyer, and not clearly documenting that the seller initiated and understood that choice, you’re taking a regulatory gamble.
File Must Match the Story
Goralik outlines the kinds of questions regulators might ask in an audit. Here in Missouri, if MREC shows up at your office and asks:
Do you have a written office policy on off-MLS listings?
Did the seller request this in writing?
Was dual agency disclosed and consented to?
Are buyers told they may not receive full listing data (DOM, price changes, etc.)?
Then you better have clean documentation and proper disclosure forms on file, or you could be in violation of:
RSMo 339.730.1(1) – Agents must disclose material facts to all parties
20 CSR 2250-8.095 – Broker relationship disclosures are mandatory and must be timely
20 CSR 2250-8.020(1) – Brokers are responsible for supervising licensees and ensuring compliance
Let’s Talk Fiduciary
Missouri’s agency law requires more than just putting something in writing. It mandates that agents act with undivided loyalty, full disclosure, and obedience to lawful instructions. Failing to market a property broadly — unless the seller has been fully informed — is not just risky, it may be a breach of fiduciary duty under RSMo 339.730 and 339.740.
Summer said it best:
“When the rationale for avoiding the MLS looks more like a business strategy than a client-specific need… that’s when real trouble begins.”
This Isn’t New, Missouri Just Hasn’t Acted Yet
Summer’s right… MREC doesn’t need a lawsuit to act. Under RSMo 339.100, they can launch an investigation from a single consumer complaint. And once a pattern is established — like repeated private listings or internal buyer matching without transparency — civil penalties up to $2,500 per offense can be imposed.
Worse, Missouri allows reciprocal action across state lines. If you’re licensed in more than one state, what starts here can snowball.
The Bottom Line for Missouri Brokers
Private listings aren’t illegal. But if your brokerage is leaning on them as a routine strategy — without full disclosures, without documented seller instruction, and without tight supervision — you’re out of compliance.
Before you pitch an office exclusive or promote a “quiet listing,” ask yourself:
Is this about protecting the seller, or padding your deal count?
Have I disclosed everything that needs to be disclosed?
Would I be confident explaining this setup to MREC?
Because one day, you might have to. And they’re not coming to debate — they’re coming to enforce.
Rob Hahn recently ignited an important conversation about the National Association of REALTORS® (NAR) decision to significantly modify Standard of Practice 10-5, a rule initially established to prevent harassment based on protected characteristics. While NAR’s move to restrict 10-5’s scope solely to REALTORS’ professional activities has been welcomed as a step toward safeguarding free speech, Hahn highlights another critical dimension needing attention: restitution for those previously penalized under its broader interpretation.
According to Hahn, now that NAR acknowledges the overreach of the initial rule, it owes apologies and possibly reparations to REALTORS previously sanctioned under it. As Hahn emphasizes, individuals like Brandon Huber, Wilson Fauber, Chad DeVries, and Jamie Haynes faced serious professional and personal repercussions for actions now clearly outside the revised scope of harassment. These repercussions included damaged reputations, career setbacks, and financial losses from legal defenses. Hahn calls for immediate revocation of any sanctions, restoration of membership, and financial reparations to make these individuals whole.
Hahn’s point raises broader questions relevant beyond real estate: How should professional bodies rectify past injustices when they recognize a rule was wrongly applied? History offers guidance. For example, when the American Bar Association (ABA) revised its ethical standards in response to changing views on lawyer advertising and free speech, it effectively nullified earlier disciplinary actions against attorneys previously punished under the outdated rules. Similarly, medical professionals once disciplined for practices later recognized as acceptable or even beneficial, like certain alternative treatments, often sought and received reversals of prior sanctions.
The conversation Hahn sparks compels us to consider the ethical responsibility organizations have to right historical wrongs once policies evolve. Should NAR follow suit, issuing formal apologies and monetary restitution to affected REALTORS? Moreover, should those who weaponized the rule inappropriately face accountability?
Hahn strongly argues they should. He asserts those who used the original rule as a political weapon should themselves face ethical scrutiny under the revised 10-5, suggesting this accountability is vital to restore trust and unity within the REALTOR community.
As this discussion unfolds, it prompts critical reflection across all professional industries: When policies change and previous “wrongdoings” are now exonerated, how far must an organization go to make amends?
Rob Hahn’s challenge to NAR is clear: “Peace is not merely the absence of tension; it is the presence of justice.” Whether NAR responds by embracing this deeper reconciliation remains to be seen—but the conversation around accountability, restitution, and ethical responsibility is one all industries can benefit from exploring openly.
In a modest respite for potential homebuyers, St. Louis mortgage rates have shown a fractional decrease as of June 2025, with the 30-Year Fixed Rate now sitting at 6.89%, a slight decline of 0.04%. The 15-Year Fixed Rate has also seen a minimal drop, now at 6.20%, down by 0.01%. While these changes may seem minimal, in the context of rates consistently above 6.5%, any reduction can be significant for those financing a home purchase.
For buyers and sellers in the St. Louis area, these changes signal a potentially cooling market, where slightly lower rates could enhance buying power, albeit modestly. The current rates, while still high, offer a momentary relief which could influence decisions on entering the housing market. Sellers might find a slightly more motivated pool of buyers, while buyers may benefit from marginally lower borrowing costs.
For a detailed view of how these rates have shifted over time, prospective buyers and sellers are encouraged to click the chart button below. This historical perspective, provided by MORE, REALTORS®, can offer valuable insights into the timing of real estate decisions in the St. Louis market. As always, keeping an eye on these trends can provide both buyers and sellers with a strategic advantage in navigating the real estate landscape.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.89%
-0.04%
15 Yr. Fixed
6.20%
-0.01%
30 Yr. FHA
6.43%
+0.00%
30 Yr. Jumbo
7.02%
-0.02%
7/6 SOFR ARM
6.41%
+0.03%
30 Yr. VA
6.44%
-0.01%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of June 12, 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.
MARIS Outperforms Its Associations in Stability, Solidifying Its Role in the St. Louis Real Estate Market
In a shifting real estate landscape marked by declining membership in many markets, MARIS (Mid-America Regional Information Systems) stands out as a model of stability and strength. Headquartered in St. Louis, MARIS is the MLS for the St. Louis metro area, and surrounding counties, serving 10 local associations across Missouri and Illinois. As of year-end 2024, MARIS recorded 15,014 subscribers—a decline of just 2.1% from the previous year. Compared to the drops seen in many of the associations it serves, this is a noteworthy achievement.
To put it in perspective, the St. Louis REALTORS® Association, the largest local association within the MARIS network—saw a membership decline of 3.6%, nearly twice the percentage decrease experienced by MARIS. Other member associations like St. Charles County Association of Realtors (-3.8%) and Greater Springfield Board of Realtors (-1.3%) also experienced steeper or similar drops. In contrast, MARIS’s relatively modest decline suggests both stronger subscriber retention and continued relevance in supporting agents’ business needs.
This performance places MARIS as the #2 ranked MLS in the West North Central region, trailing only NorthstarMLS (based in Minnesota), which posted a subscriber count of 21,285 but experienced a higher 3.7% year-over-year decline. Among regional MLSs, MARIS demonstrates one of the strongest ratios of subscriber retention—even outperforming larger peers in terms of year-over-year resilience.
One reason for this strength may be MARIS’s broad service footprint and commitment to regional cooperation. As a regional MLS, MARIS provides integrated services and robust tools across association boundaries, creating consistency in data and resources for agents throughout the St. Louis metro area. This wide-reaching infrastructure allows it to cushion against localized membership dips and continue delivering value across a larger agent base.
For real estate professionals in St. Louis, this matters. A strong MLS like MARIS ensures access to accurate listing data, smooth cooperation between brokers, and the ability to stay competitive in a fast-changing market. While some local associations saw their numbers shrink more significantly, MARIS’s role as the digital backbone of the region’s real estate transactions keeps it central to agents’ success.
In an environment where technology, efficiency, and accuracy are more important than ever, MARIS proves that a well-run MLS can provide resilience even when local associations face headwinds. For agents, brokers, buyers, and sellers in the St. Louis area, that’s good news—and a reason to feel confident about the systems supporting the market in 2025.
In the interest of full disclosure, I should note that I currently serve as Vice Chair of the Board of Directors for MARIS. While this article was not written in that capacity, I do have a bias in favor of MARIS.
A new federal lawsuit filed in California is challenging a long-standing National Association of REALTORS® (NAR) policy that many small and independent brokers argue has quietly stifled competition in the real estate industry for years. The suit, brought by broker John Diaz, centers on the “Variable Dues Formula” — a policy that requires designated REALTOR® brokers to pay NAR dues not just for themselves, but also for any agents in their firm who are not NAR members, even if those agents opt out of the services.
While this may sound like an administrative issue, it has real consequences, particularly for independent brokerages and markets like St. Louis where many agents prefer not to join trade associations. The complaint argues that NAR, along with state and local affiliates, is enforcing a coercive system that punishes brokers who try to offer more flexible employment models. Under current rules, if a broker like Diaz hires an agent who doesn’t want to be a NAR member, the broker must either pay dues on their behalf, disassociate from them, or force them to join. These extra costs often exceed $1,000 per agent annually, a significant barrier for small shops trying to grow.
The lawsuit alleges this structure creates a “group boycott” of non-member licensees and illegally ties access to essential tools — like the MLS and standard contract forms — to association membership. It also calls out the Limited Function Referral Office (LFRO) workaround as inadequate, since it requires agents to give up all sales activity, limiting them to referrals only. According to the complaint, this is particularly harmful in markets with fewer large firms, where agents need flexibility and lower costs to stay active.
In many ways, this complaint echoes ongoing concerns raised in other major lawsuits — including the Moehrl case and those targeting buyer broker commissions — that challenge long-standing NAR policies under federal antitrust law. While those lawsuits focus more on how commissions are structured and disclosed, the Diaz suit strikes at the operational backbone of how brokerages function under the NAR system.
For agents and brokers in St. Louis, this case may be especially relevant. Smaller firms make up a large part of the local real estate fabric, and the economic pressure of paying dues for non-member agents limits their ability to operate efficiently. Consumers may also feel the effects — fewer active agents means fewer choices and potentially higher costs due to reduced competition. The outcome of this lawsuit could open the door for more flexible brokerage models and broader access to real estate careers.
It’s yet another signal that the way real estate has worked for decades is now under a legal microscope. Whether you’re a broker, agent, or consumer, change may be coming — and it’s worth watching closely.
Read the full complaint below for more detail on the case.
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