The St. Louis Metropolitan Statistical Area (MSA) real estate market demonstrated sustained growth in July 2025, with notable increases in both home sales and prices. Homes sold for a median price of $295,000, marking a 5.36% rise from the previous year’s median of $280,000, and a 1.72% increase from June 2025’s median of $290,000. This consistent upward trend underscores a robust housing market in the region.
In terms of sales volume, the market remained stable with 3,484 homes sold in July 2025, slightly up by 0.09% compared to 3,481 sales in July 2024. The median list price also saw a year-over-year increase, climbing 5.45% to $290,000 from $275,000 in July 2024.
For a detailed visual representation of these trends, refer to the chart below, exclusively available from MORE, REALTORS®. This chart provides a clear overview of the market dynamics over the past year, illustrating the steady rise in home values and sales activity in the St. Louis MSA. Whether you are considering buying, selling, or simply keeping an eye on the market, these insights are invaluable for understanding the current real estate landscape in St. Louis.
Mortgage debt across the U.S. has continued its steady climb, reaching nearly $13 trillion by mid-2025. While this growth might seem alarming, the current lending standards remain significantly stricter than those seen before the 2008 financial crisis, reducing overall risk.
Government-backed loans from agencies such as Fannie Mae and Freddie Mac account for over half of the total mortgage balances, offering stability to the market. However, loans insured by the Federal Housing Administration (FHA), popular for their low down payment requirements, represent a disproportionate share of delinquencies. Although FHA loans make up just 12% of all mortgage balances, they account for nearly 40% of overdue payments, highlighting their increased risk.
Despite this concern, overall delinquency rates are still historically low, hovering around just 2%, which suggests most homeowners are managing their mortgages effectively. However, the concentration of higher-risk FHA loans, particularly in southern states and Puerto Rico, is something both lenders and borrowers need to keep an eye on.
Looking ahead, even minor declines in home prices could particularly strain FHA borrowers, who typically enter the housing market with less equity. Nonetheless, the broader mortgage market remains stable and secure. Staying informed and closely reviewing loan terms remains essential for every borrower to maintain financial health.
In a subtle yet welcome shift for prospective homebuyers in St. Louis, the 30-Year Fixed mortgage rate has decreased slightly to 6.75% as of July 2025, marking a modest drop of 0.02%. This change, though slight, contributes to an overall trend of falling rates in the region, offering a glimmer of relief in a market that has seen rates hovering above the 6.5% mark for some time. On the other hand, the 15-Year Fixed rate remains steady at 6.03%, indicating stability in shorter-term financing options.
This mixed pattern in rate adjustments could influence both buyers and sellers in the St. Louis real estate market. Buyers might find the lower 30-Year Fixed rate appealing, potentially increasing demand for homes, which could, in turn, slightly boost selling prices in competitive areas. Conversely, the stability of the 15-Year rate may encourage existing homeowners to consider refinancing to lock in manageable payments without committing to the longer-term uncertainty of adjustable rates.
For a detailed comparison and historical perspective on these rates, prospective buyers and sellers are encouraged to click the chart button below. This data is provided by MORE, REALTORS®, ensuring that local participants in the St. Louis real estate market are well-informed and prepared to make savvy decisions in a fluctuating financial landscape.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.75%
-0.02%
15 Yr. Fixed
6.03%
+0.00%
30 Yr. FHA
6.33%
-0.02%
30 Yr. Jumbo
6.87%
-0.01%
7/6 SOFR ARM
6.26%
-0.01%
30 Yr. VA
6.35%
-0.01%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 31, 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 real estate market is experiencing a modest rise in mortgage rates this July, with the 30-Year Fixed rate now reaching 6.78%, a slight increase of 0.01%. Similarly, the 15-Year Fixed rate has also edged up to 6.04%. These incremental changes mark a continuing trend of rising rates in the region, impacting both prospective homebuyers and sellers. The increase, though minor, continues to push the rates to some of the highest levels seen this year, particularly affecting the affordability and buying power of those looking to enter the housing market.
For potential buyers in St. Louis, these rising rates mean recalculating budgets and possibly adjusting search criteria to find suitable homes within financial limits. Sellers might face longer listing periods as high rates can deter some buyers. However, those looking to refinance might find this a crucial time to lock in rates before potential further increases. With the trend showing a steady climb, understanding these shifts is vital.
For a detailed view of how these rates have changed over time, click the chart button below. This comprehensive historical perspective, provided by MORE, REALTORS®, is essential for making informed decisions in this fluctuating market. Whether buying, selling, or refinancing, staying updated on the latest rate changes can significantly impact your real estate strategies in St. Louis.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.78%
+0.01%
15 Yr. Fixed
6.04%
+0.01%
30 Yr. FHA
6.36%
+0.01%
30 Yr. Jumbo
6.90%
+0.00%
7/6 SOFR ARM
6.25%
+0.00%
30 Yr. VA
6.38%
+0.02%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 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 witnessed notable fluctuations in June 2025. Homes sold for a median price of $259,000, marking a 5.13% decrease from June 2024, when the median sold price was $273,000. However, this figure also represents a significant increase of 12.61% compared to May 2025, where the median sold price stood at $230,000. The median list price in June 2025 was $255,000, showing a decrease of 5.52% from $269,900 in June 2024.
In terms of sales volume, the St. Louis City market experienced a growth, with 291 homes sold in June 2025—an increase of 7.78% from the 270 homes sold in June 2024. This data, illustrated in the chart below, highlights the dynamic nature of the St. Louis real estate market. The chart is available exclusively from MORE, REALTORS®, providing an in-depth visual representation of these market trends.
For those interested in the St. Louis real estate market, whether buying, selling, or researching, MORE, REALTORS® offers comprehensive insights and detailed market analysis to assist in making informed decisions. Stay updated with the latest market trends and data with MORE, REALTORS®.
The Franklin County real estate market has shown promising growth as of July 2025, with significant increases in home prices and sales compared to the previous year. In June 2025, homes in Franklin County sold for a median price of $261,500, marking a 7.84% increase from June 2024, when the median sold price was $242,500. This increase is also slightly higher than the median sold price in May 2025, which was $259,900, demonstrating a steady month-over-month growth of 0.62%.
The median list price in June 2025 was $259,950, reflecting a 4.40% rise from $249,000 in June 2024. Additionally, the number of home sales in Franklin County increased to 114 in June 2025, up 4.59% from 109 sales in June 2024. These data points are illustrated in the chart below, which is available exclusively from MORE, REALTORS®. This chart provides a visual representation of the ongoing upward trend in the Franklin County real estate market, highlighting the robust activity and growing buyer interest in the area. For more detailed insights and further information, consider reaching out to MORE, REALTORS®, your expert source for real estate in St. Louis, MO.
In the ever-evolving real estate market of St. Louis, mortgage rates are showing nuanced movements as of July 2025. The 30-Year Fixed mortgage rate has experienced a slight decrease to 6.83%, down by 0.02%. Conversely, the 15-Year Fixed rate has inched up by 0.01%, settling at 6.08%. These shifts reflect a broader rising trend in the market, with other mortgage types like the 30-Year FHA and Jumbo rates also climbing, indicating a mixed yet predominantly upward trajectory in rate changes.
For potential homebuyers and sellers in the St. Louis area, these fluctuations could have significant implications. The slight drop in the 30-year fixed rate might offer a momentary advantage to those looking to secure a long-term loan at a slightly lower cost, while the increase in shorter-term rates suggests a growing cost for those looking to pay off their homes sooner. This environment requires careful consideration of financing options, particularly for first-time buyers who might be more sensitive to these changes.
For a detailed look at 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 aid in making informed decisions in this dynamic market. As the landscape of St. Louis real estate continues to evolve, staying informed on the latest mortgage rates is crucial for navigating the market effectively.
Current Mortgage Rates*
Loan Type
Current Rate
Change From Prior Day
30 Yr. Fixed
6.83%
-0.02%
15 Yr. Fixed
6.08%
+0.01%
30 Yr. FHA
6.41%
+0.01%
30 Yr. Jumbo
6.93%
+0.01%
7/6 SOFR ARM
6.32%
+0.07%
30 Yr. VA
6.42%
+0.01%
*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of July 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 across Missouri and Illinois, is witnessing a remarkable trend in its real estate market, particularly in the speed at which homes are being sold. The zip code 62239 in St Clair-IL, IL, leads the pack with an impressive average of 0 days on the market for its 7 active listings, each at an average list price of $158,614. This indicates a robust demand in this locale, making it a hotspot for potential buyers looking for quick closings and sellers aiming for swift transactions.
Following closely are zip codes 63012 in Jefferson, MO, and 63074 in St Louis, MO, both also averaging 0 days on the market with 7 and 10 listings respectively. These areas are proving to be highly attractive for families and individuals seeking communities where properties move quickly and efficiently. For those interested in exploring more about these dynamic markets, MORE, REALTORS® has compiled a complete list of the fastest selling zip codes, available at the conclusion of this article. This guide can be an invaluable resource for anyone looking to buy or sell in these competitive districts.
The Jefferson County real estate market experienced a slight dip in home prices in June 2025, with the median sold price settling at $285,000, a decrease of 1.48% from June 2024’s median of $289,295. This price also reflects a notable 4.98% drop from May 2025, where the median was higher at $299,950. Despite the decrease in sold prices, the median list price in June 2025 saw a modest rise to $284,900, up 1.79% from the previous year, indicating a resilient listing confidence among sellers.
The volume of home sales remained steady with 249 homes sold in June 2025, mirroring the sales volume of June 2024. This consistency in sales volume suggests a stable demand in the local housing market.
For a detailed visual representation of these trends, refer to the chart below, available exclusively from MORE, REALTORS®. This chart provides an in-depth look at the price fluctuations and sales stability in the Jefferson County area, offering valuable insights for both buyers and sellers. As your trusted local real estate experts, MORE, REALTORS® is committed to keeping you informed with the most accurate and timely data to help you navigate the Jefferson County real estate market.
Yesterday, Missouri Governor Mike Kehoe signed into law House Bills 595 and 596, bringing significant changes that will impact landlords, tenants, property managers, investors, and real estate professionals across the state. This newly enacted legislation strengthens private property rights and tightens requirements for agency relationships in real estate transactions, two key areas anyone involved in Missouri real estate should pay close attention to.
For landlords and investors, HB 595 limits how local governments can regulate rental housing. Specifically, the law prohibits cities and counties from setting rent control measures, imposing restrictions on how landlords screen tenants, or mandating specific lease terms such as “right of first refusal” to tenants. It also bans local ordinances from preventing landlords from considering factors like a tenant’s source of income, credit score, rental history, or criminal background when making leasing decisions. In short, this legislation reinforces the right of private property owners to establish their own screening criteria and rent structures, free from local government intervention.
Meanwhile, for real estate agents and homebuyers, the changes in HB 595 and HB 596 modify how brokerage relationships must be handled. Under the new law, brokers representing buyers or tenants must have a written agency agreement in place before engaging in any real estate activity. Previously, the law allowed for this agreement to be signed before or during the transaction process, creating room for ambiguity. This change places a greater responsibility on agents and their brokers to establish clear, documented relationships upfront. Frankly, this is how it always should have been done and was done by most good buyer’s agents, so I’m glad to see it now be law.
Additionally, the law clarifies that exclusive brokerage agreements must spell out essential services that brokers are obligated to provide. This includes presenting offers and counteroffers, assisting with negotiations, and answering questions related to contracts. The intent here is to make sure clients receive a consistent and professional level of service, and that there is full transparency in the role and duties of an agent:
These legal updates arrive at a time when the real estate industry is already under pressure from shifting federal policies and class-action lawsuits over buyer agent compensation. Missouri’s new requirements put a spotlight on documentation and clarity in agency relationships while pushing back against what state lawmakers see as local overreach into landlord-tenant matters. Whether you’re a landlord screening tenants or a buyer’s agent preparing to work with a new client, understanding and complying with these new requirements is no longer optional—it’s the law.
The new law will go into effect August 28, 2025 and can be seen in its entirety below. If you have questions about this, or would like more information, feel free to reach out to me and I’ll be happy to help.
HB 595 – Regarding Landlord-Tenant Rights and Buyer Representation Agreements
If you’re considering buying or selling a home in the St. Louis metropolitan area, focusing on the fastest selling school districts could be a strategic move. The Bayless district in Unincorporated, Missouri, leads the pack with homes averaging $203,638 and flying off the market the same day they are listed. This district, along with Dupo DIST 196 in Illinois and Gasconade Co. R-I in Missouri, both also averaging 0 days on the market, highlights a trend of rapid sales in these areas. Potential buyers looking for quick closings and sellers aiming for fast transactions are particularly interested in these districts.
Moreover, these districts not only offer a quick turnaround but also represent a diverse range of options across both Missouri and Illinois, accommodating various preferences and needs. For those interested in exploring all available options in these fast-moving markets, MORE, REALTORS® provides a complete list of the fastest selling school districts, ensuring comprehensive insights for making informed decisions. Whether you are looking to settle in a bustling community or seeking a quieter neighborhood, understanding where homes sell quickly can guide your next steps in the dynamic St. Louis real estate landscape.
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.
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314.332.1012
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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.
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