I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Missouri
💡 Key Missouri housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $244,676[1] | #38 of 50 states | 33% lower |
Median Listing Price | $289,900[2] | #42 of 50 states | 32% lower |
Median Sale Price | $267,900[3] | #42 of 50 states | 35.3% lower |
30 Year Mortgage Rate | 6.95%[4] | #15 of 50 states | 0.4% lower |
Median Days on Market | 69[5] | #22 of 50 states | 2.2% shorter |
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🗺️ Buying a house in the Missouri real estate market
Missouri has an affordability score of 4.7, meaning it takes 4.7 years of the median household income ($57,290) to afford Missouri's median home sale price ($267,900). Because of this, we rank Missouri as the 10th most affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $267,900[6] | #42 of 50 states | 35.3% lower |
30 Year Mortgage Rate | 6.95%[7] | #15 of 50 states | 0.4% lower |
Median Household Income | $57,290[8] | #38 of 50 states | 11.2% lower |
Affordability Ratio | 4.7 | #10 of 50 states | 26.1% lower |
Buyers Agent Commission | 2.76%[9] | #46 of 50 states | 8.7% higher |
Resources for Missouri home buyers
Preparing to buy in Missouri
🗺️ Selling a house in the Missouri real estate market
According to our detailed survey of Missouri real estate agents, listing agents (those representing the seller) charge an average commission in Missouri of 2.97%, which is the 3rd highest in the United States. Buyers' agents charge an average commission of 2.76%, which is the 5th highest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $289,900[10] | #42 of 50 states | 32% lower |
Median Sale Price | $267,900[11] | #42 of 50 states | 35.3% lower |
Median Days on Market | 69[12] | #22 of 50 states | 2.2% shorter |
Buyer's Agent Commission | 2.76%[13] | #46 of 50 states | 8.7% higher |
Listing Agent Commission | 2.97%[14] | #48 of 50 states | 9% higher |
Resources for Missouri home sellers
Preparing to sell in Missouri
- 8 Steps to Selling a House in Missouri
- Average Time to Sell a House in Missouri
- When Is the Best Time to Sell a House in Missouri?
- Top Real Estate Agents in Missouri
Missouri home selling costs and requirements
Moving to Missouri
According to our recent moving trends survey[15], 5% of Americans indicated that they would choose to move to Missouri if money were no object. Likewise, 9% of survey respondents indicated that they would move to St. Louis among a choice of America's largest cities, and 6% indicated that they would move to Kansas City.
Here's how Missouri cities rank in a number of our research studies.
Study | Best Missouri city | Rank |
Best Pizza Cities[16] | St. Louis | 19th best |
Best Coffee Cities[17] | Kansas City | 35th best |
Best LGBTQ Cities[18] | Kansas City | 41st best |
Best Bike Cities[19] | St. Louis | 23rd best |
Best Commuter Cities[20] | Kansas City | 16th best |