Spring Surge: Contracts Soar as Buyers Snap Up St. Louis Homes

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.


St Louis Housing Market Snapshot March 2025 - St Louis Realtor