The St. Louis metro area housing market saw a meaningful uptick in activity this March, driven by rising inventory and strong buyer engagement. New listings rose 11% year-over-year, reaching 3,301 compared to 2,987 in March 2024. This increase was met with even more robust buyer response—newly accepted contracts surged by 26%, jumping from 3,503 to 4,424.
This demand-side strength is translating into higher prices. The median sold price over the past 12 months climbed 6.55% to $270,000. Even with slightly more inventory (a 1.5-month supply and 7,547 active listings), homes are still moving quickly, spending a median of just 22 days on the market. That’s consistent with a seller-friendly environment, and the current price-per-square-foot trend remains on an upward trajectory.
📈 What’s Next? With contracts outpacing new listings in March, buyer competition remains intense. Expect continued price pressure and fast sales this spring unless inventory increases further.
