Home Prices and Sales - St Louis Real Estate News

Is St. Louis Still Affordable? See How Missouri and Illinois Stack Up in New Housing Report

By Dennis Norman, on May 7th, 2025

According to a recent report by Realtor.com, Missouri and Illinois rank in the middle of the pack when it comes to home affordability, with Missouri landing at #22 and Illinois at #30 among all 50 states and the District of Columbia. While neither state earned a top grade, both remain relatively affordable compared to coastal and western markets. Missouri received a “C” grade with a REALTORS® Affordability Score of 0.82 and a median listing price of $298,696. Illinois, also graded “C”, had a slightly higher affordability score of 0.86, a median home price of $316,613, and a notably higher median Continue Reading →

Franklin County Real Estate Market Sees Price Increase in May 2025

By Dennis Norman, on May 6th, 2025

The Franklin County real estate market experienced a notable increase in home prices in April 2025, with the median sold price reaching $267,500. This reflects an 8.98% rise from April 2024, where the median price was $245,450, and a slight increase of 0.13% from March 2025. Meanwhile, the median list price also saw a growth, setting at $270,950 in April 2025, up by 9.03% from the previous year.

Despite the rise in prices, the number of homes sold in Franklin County decreased by 16.36% year-over-year, with 92 homes sold in April 2025 compared to 110 in the same month last Continue Reading →

St. Louis City Real Estate Market Sees Price Increase in April 2025

By Dennis Norman, on April 21st, 2025

The St. Louis City real estate market demonstrated a robust increase in home prices during March 2025, according to the latest data. Homes sold for a median price of $220,000, marking a significant 4.76% rise from the previous year’s median of $210,000. This upward trend is further highlighted by a 10.03% increase from February 2025, where the median sold price was $199,950. Additionally, the median list price in March climbed to $222,450, up 11.23% from $200,000 in March 2024.

Despite the increase in prices, the number of home sales experienced a slight decline. There were 206 homes sold in March Continue Reading →

St. Louis County Real Estate Market Sees Significant Price Increase in April 2025

By Dennis Norman, on April 19th, 2025

The St. Louis County real estate market has experienced notable growth in property values, according to the latest data. In March 2025, homes in St. Louis County sold for a median price of $275,000, marking a substantial increase of 16.92% compared to March 2024, when the median sold price was $235,200. This rise also reflects a 10.00% increase from February 2025, which had a median sold price of $250,000.

Furthermore, the median list price for homes was $271,000 in March 2025, up by 17.88% from $229,900 in the same month the previous year. Despite these higher prices, the number of Continue Reading →

St. Louis Metro Area Real Estate Trends: A Look at YTD Home Sales in 2025

By Dennis Norman, on April 17th, 2025

The St. Louis metropolitan area, spanning counties in both Missouri and Illinois, has experienced a slight shift in its real estate market this year. Through the end of March 2025, the region recorded 6,018 homes sold, marking a 6.25% decrease compared to the 6,419 homes sold during the same period in the previous year. This change reflects the dynamic nature of the local real estate market, which can fluctuate due to a variety of economic and environmental factors.

Despite the recent dip, the St. Louis real estate market continues to offer substantial opportunities for both buyers and sellers. Those interested Continue Reading →

Jefferson County Real Estate Market Update: April 2025 Insights

By Dennis Norman, on April 15th, 2025

The Jefferson County real estate market has experienced subtle shifts as of March 2025. Homes in the area sold for a median price of $255,300, marking a slight decrease of 0.27% compared to March 2024, when the median sale price was $256,000. This recent figure also represents a significant drop of 6.14% from February 2025, where the median sales price stood at $272,000. Despite the dip in sold prices, the median list price showed an upward trend, settling at $259,950, which is a 4.02% increase from the previous year’s $249,900.

In terms of sales volume, there were 186 homes sold Continue Reading →

Mortgage Rates Rebound After Brief Dip—Here’s What It Means for St. Louis Buyers

By Dennis Norman, on April 10th, 2025

Mortgage interest rates have bounced back after briefly dipping earlier this month, but there’s more to the story—especially for St. Louis home buyers. One key factor keeping rates from climbing even higher? The recent postponement of tariffs, which has helped ease economic pressure and may be keeping mortgage rates from surging faster.

As of today, the average rate for a 30-year fixed-rate conventional loan is around 6.95%, with FHA loans at 6.42% and VA loans at 6.45%. These numbers reflect an uptick from the recent low of about 6.40% on April 4th, but still sit below the 7.16% average we Continue Reading →

April 2025 Metro East Real Estate Market Update: Insights into Home Prices and Sales Trends

By Dennis Norman, on April 9th, 2025

The Metro East real estate market has shown subtle yet noteworthy changes as of March 2025. The median sold price for homes reached $184,450, a slight increase of 0.24% from March 2024’s median of $184,000. This also marks a more significant rise of 2.47% compared to February 2025, where the median sold price was $180,000. On the other hand, the median list price in March 2025 edged up to $185,000, reflecting a marginal growth of 0.05% from the previous year.

However, the volume of home sales experienced a downturn, with 530 homes sold in March 2025, down by 9.86% from Continue Reading →

St. Louis MSA Real Estate Market Sees Price Increase in March 2025

By Dennis Norman, on April 8th, 2025

The St. Louis Metropolitan Statistical Area (MSA) real estate market demonstrated notable growth in property values in March 2025. Homes sold for a median price of $265,500, marking a significant 6.20% increase from the previous year’s median of $250,000. This price point also reflects a consistent rise from February 2025, which saw the median sold price at the same level, indicating a stable upward trend in housing prices.

While home prices surged, the total number of home sales exhibited a slight decline. In March 2025, there were 2,347 homes sold, down 7.27% from the 2,531 transactions recorded in March 2024. Continue Reading →

St. Charles County Real Estate Market Update: April 2025 Insights

By Dennis Norman, on April 8th, 2025

The St. Charles County real estate market has experienced subtle shifts in pricing and activity as of March 2025. Homes in the area sold for a median price of $370,000, reflecting a slight decrease of 0.24% compared to March 2024, when the median sold price was $370,900. However, this price represents an increase of 1.71% from February 2025, where the median sold price stood at $363,779. The median list price also saw an upward trend, settling at $369,700 in March 2025, marking a 1.29% increase from the previous year’s $365,000.

In terms of sales volume, there were 342 home sales Continue Reading →

Franklin County Real Estate Market Sees Price Increase in April 2025

By Dennis Norman, on April 7th, 2025

The Franklin County real estate market experienced notable growth in property values during March 2025. Homes sold for a median price of $267,150, marking an 8.16% increase compared to March 2024, when the median sold price was $247,000. This upward trend is also evident from the month-to-month comparison, as there was a 4.76% rise from February 2025’s median sold price of $255,000.

The median list price for homes followed a similar trajectory, reaching $270,000 in March 2025, which is an 8.43% increase from the previous year’s $249,000. Despite the rise in prices, the number of home sales saw a slight Continue Reading →

St Louis City Real Estate Market Update for February 2025

By Dennis Norman, on March 21st, 2025

The latest data from the St Louis City real estate market shows a decrease in home prices compared to the same time last year. According to the chart below, exclusively available from MORE, REALTORS®, the median sold price for homes in the St Louis City update was $200,000 in February 2025, a 4.74% decrease from February 2024 when the median sold price was $209,950. This also represents a 10.91% decrease from January 2025, when the median sold price was $224,500.

In addition, the median list price for homes in the St Louis City update was $199,900 in February 2025, a Continue Reading →

St. Louis County Real Estate Market Update for February 2025

By Dennis Norman, on March 19th, 2025

The real estate market in St. Louis County is continuing to show strong growth, with the median sold price for homes reaching $250,000 in February 2025. This represents a 13.64% increase from February 2024, when the median sold price was $220,000. The chart below, available exclusively from MORE, REALTORS®, illustrates this upward trend.

The median list price in February 2025 was also up, reaching $249,900. This is a 16.23% increase from the previous year, when the median list price was $215,000. Despite this increase, the market remains competitive and homes are selling quickly.

In February 2025, there were 641 home Continue Reading →

Metro East Update: February 2025 Real Estate Market Update

By Dennis Norman, on March 9th, 2025

The metro east real estate market continues to show steady growth in February 2025, with a median sold price of $180,000. This represents a slight increase of 0.06% from the same time last year, when the median sold price was $179,900. However, there was a decrease of 3.74% compared to January 2025, when the median sold price was $187,000.

The median list price in February 2025 was $189,900, a 5.56% increase from February 2024’s median list price of $179,900. This indicates a strong demand for homes in the metro east area.

According to the chart below, provided exclusively by MORE, Continue Reading →

St Charles County Real Estate Market Update: February 2025

By Dennis Norman, on March 8th, 2025

The real estate market in St Charles County continues to show strength, with a median sold price of $362,559 in February 2025. This represents a 1.87% increase from the same time last year, when the median sold price was $355,900. Additionally, February’s median sold price is up 2.13% from January 2025, when it was $355,000.

According to the chart below, provided exclusively by MORE, REALTORS®, the median list price also saw a slight increase, going from $359,800 in February 2024 to $360,000 in February 2025. However, there were 233 home sales in February 2025, a decrease of 18.25% from the Continue Reading →

St. Louis Real Estate Market Update for February 2025

By Dennis Norman, on March 7th, 2025

As of February 2025, the St. Louis real estate market continues to show strong growth. According to data from MORE, REALTORS®, the median sold price for homes in the stl msa update was $250,000, a 5.71% increase from the same time last year when the median sold price was $236,500. However, this month’s median sold price also represents a slight decrease of 2.53% from January 2025, when the median sold price was $256,500.

The median list price for homes in the stl msa update was also on the rise, with a 4.21% increase from February 2024, reaching $250,000. This indicates Continue Reading →

Franklin County Real Estate Market Update as of March 2025

By Dennis Norman, on March 6th, 2025

As of March 2025, the median sold price for homes in the Franklin County area was $255,500, according to the latest data from MORE, REALTORS®. This represents an 8.72% increase from February 2024, when the median sold price was $235,000. However, there was a 6.92% decrease from January 2025, when the median sold price was $274,500.

The median list price for homes in Franklin County was $258,500 in February 2025, a 12.39% increase from the previous year when it was $230,000. There were 67 home sales in February 2025, a 16.25% decrease from February 2024 when there were 80 sales.

Continue Reading →

St. Louis City Real Estate Market Update for January 2025

By Dennis Norman, on February 21st, 2025

The St. Louis City real estate market continues to show strong growth in the new year. According to the latest data from MORE, REALTORS®, the median sold price for homes in the St. Louis City update was $224,000 in January 2025. This represents a 12.03% increase from January 2024, when the median sold price was $199,950. Additionally, last month’s median sold price of $224,000 saw a 1.21% increase from December 2024, when the median sold price was $221,325.

The median list price for homes in the St. Louis City update also saw a significant increase, rising to $225,000 in January Continue Reading →

St Louis County Real Estate Market Update for January 2025

By Dennis Norman, on February 19th, 2025

The St Louis County real estate market saw a strong start to the new year, with a median sold price of $234,450 in January 2025. This represents a significant increase of 17.81% compared to January 2024, when the median sold price was $199,000. However, there was a slight decrease of 9.79% from December 2024, when the median sold price was $259,900.

The median list price also saw a substantial increase, reaching $235,000 in January 2025. This is a 20.51% increase from January 2024, when the median list price was $195,000.

Despite the high prices, there were 624 home sales in Continue Reading →

Jefferson County Update: Median Home Prices Continue to Rise in 2025

By Dennis Norman, on February 15th, 2025

The real estate market in Jefferson County, as of February 15, 2025, is showing promising signs of growth. According to the latest data from MORE, REALTORS®, the median sold price for homes in Jefferson County during January 2025 was $270,000, up 2.27% from the same time last year when the median sold price was $264,018. This also marks a 1.89% increase from December 2024, when the median sold price was $265,000.

The median list price for homes in Jefferson County also saw a significant increase, rising 4.69% from $257,900 in January 2024 to $270,000 in January 2025. This indicates a Continue Reading →

Metro East Real Estate Market Update for January 2025

By Dennis Norman, on February 9th, 2025

The real estate market in the Metro East area continues to show strong growth, with the median sold price for homes reaching $186,000 in January 2025. This represents a 13.59% increase from the same time last year, when the median sold price was $163,750. The chart below, available exclusively from MORE, REALTORS®, illustrates this upward trend.

In addition to the increase in sold prices, the median list price for homes in the Metro East area also saw a significant jump, reaching $187,450 in January 2025. This is a 14.51% increase from January 2024, when the median list price was $163,700.

Continue Reading →

St Charles County Real Estate Market Update for January 2025

By Dennis Norman, on February 8th, 2025

The real estate market in St Charles County saw a slight increase in median sold price during January 2025, according to the latest data from MORE, REALTORS®. Homes sold for a median price of $350,000, which is a 3.40% increase from the same time last year when the median sold price was $338,500. However, this also represents a 2.78% decrease from December 2024, when the median sold price was $360,000.

The median list price also saw an increase, rising to $350,000 from $339,999 in January 2024. This shows a 2.94% year-over-year increase in list price. In terms of sales, there Continue Reading →

St Louis Metro Area – January 2025 Real Estate Market Update

By Dennis Norman, on February 7th, 2025

The real estate market in the St. Louis Metropolitan Statistical Area (MSA) continued to show strong growth in January 2025, according to the latest data from MORE, REALTORS®. Homes in the stl msa update sold for a median price of $256000, representing an 11.33% increase from January 2024 when the median sold price was $229950. This also marks a 0.39% increase from December 2024, when the median sold price was $255000.

The median list price for homes in the stl msa update was $250000, a 9.17% increase from January 2024’s median list price of $229000. Despite the increase in prices, Continue Reading →

Buying Still Beats Renting in St. Louis for 2025—Here’s the Data to Prove It

By Dennis Norman, on February 6th, 2025

A new interactive map making the rounds shows cities and counties across the country and whether it’s more affordable to buy a home or rent in 2025. So, how does the St. Louis metro stack up? Let’s break it down.

The data highlights three key counties in our area—St. Charles, St. Louis County, and St. Louis City—and in all three, buying is still the better financial move. However, affordability varies significantly:

St. Charles County Median Home Price: $358,698 Home Affordability: 40.6% of income Rental Affordability: 45.9% of income Weekly Wages: $1,115 With solid wages and better affordability, St. Charles Continue Reading →

Franklin County Update: January 2025 Real Estate Market Report

By Dennis Norman, on February 6th, 2025

The real estate market in Franklin County, Missouri continued its upward trend in January 2025, with a median sold price of $280,000. This represents an impressive 18.64% increase from the same time last year, when the median sold price was $236,000. The chart below, available exclusively from MORE, REALTORS®, illustrates this significant jump in home prices.

Not only did home prices increase year over year, but they also saw a 13.15% increase from the previous month. In December 2024, the median sold price was $247,450, making January 2025 the third consecutive month of double-digit price growth. This is great news Continue Reading →

St Louis County Real Estate Market Update as of January 2025

By Dennis Norman, on January 19th, 2025

The St Louis County real estate market continues to show strong growth as we enter the new year. According to the latest data from MORE, REALTORS®, homes in the St Louis County update sold for a median price of $260,000 in December 2024. This represents a 15.56% increase from December 2023, when the median sold price was $225,000.

Despite this significant year-over-year increase, last month’s median sold price of $260,000 actually saw a slight decrease of 3.70% compared to November 2024, when the median sold price was $270,000. The median list price for homes in St Louis County also saw Continue Reading →

Jefferson County Real Estate Market Update as of 2025-01-15

By Dennis Norman, on January 15th, 2025

The latest data from the jefferson county update real estate market shows a continued upward trend in home prices. According to the chart below, which is available exclusively from MORE, REALTORS®, the median sold price for homes in Jefferson County during December 2024 was $265000, a 3.92% increase from the previous year. This also marks a 2.32% increase from November 2024, when the median sold price was $259000.

The median list price for homes in the jefferson county update remained steady at $259900, showing no change from December 2023. However, there were 170 home sales in December 2024, a slight Continue Reading →

Metro East Update: December 2024 Real Estate Market Shows Steady Growth

By Dennis Norman, on January 9th, 2025

The metro east real estate market continues to show strong growth as we enter the new year. According to the latest data from MORE, REALTORS®, homes in the metro east area sold for a median price of $185,000 in December 2024. This represents a 2.78% increase from the median sold price of $180,000 in December 2023. The chart below, available exclusively from MORE, REALTORS®, illustrates this steady growth in median sold prices over the past year.

However, there was a slight decrease in median sold price compared to the previous month, with December 2024 seeing a 10.41% decrease from November Continue Reading →

St Charles County Update: December 2024 Real Estate Market Trends

By Dennis Norman, on January 8th, 2025

As of December 2024, the real estate market in St Charles County has seen a slight increase in median sold price compared to the previous year. According to the latest data available exclusively from MORE, REALTORS®, homes in the area sold for a median price of $360,000, a 0.63% increase from December 2023 when the median sold price was $357,750.

However, there was a slight decrease in median sold price from the previous month, November 2024, when the median sold price was $362,500. This represents a decrease of 0.69% from the current month’s median sold price.

The median list price Continue Reading →

STL MSA Real Estate Market Update for December 2024

By Dennis Norman, on January 7th, 2025

The real estate market in the St. Louis Metropolitan Statistical Area (MSA) saw continued growth in December 2024, with a median sold price of $260,000. This represents a 9.24% increase from December 2023, when the median sold price was $238,000. However, there was a slight decrease of 1.89% from November 2024, when the median sold price was $265,000. These figures are based on data exclusively available from MORE, REALTORS®.

The median list price in December 2024 also saw an increase of 8.33%, rising from $240,000 in December 2023 to $260,000. This indicates strong demand for homes in the St. Louis Continue Reading →