Missouri Real Estate Market: Forecasts + Trends

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By Clever Real Estate Updated February 16, 2023

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Missouri real estate trends

Real estate trends in Missouri | Sellers | Buyers | Investors | The best and worst of Missouri | Missouri resources

From St. Louis's iconic Gateway Arch to oversized statues of roosters and rocking chairs, Missouri is a state that can feel larger than life.

The Show-Me State boasts a thriving beer scene and its own unique spin on barbeque. Coupled with its affordable cost of living and highly rated public schools, Missouri is ideal for families and and young professionals alike.

Missouri also features an impressive 91 state parks that welcome visitors year-round. Fun fact: the state has more than 6,400 caves, including Onondaga Cave, Cathedral Cave, Fisher Cave, and Ozark Caverns, which all welcome visitors for public tours.

If you're thinking of buying or selling in Missouri, these Missouri housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1.5% or $3K in listing fees. Eligible buyers get cash back after closing. Find out how much you can save with Clever today!

Selling a home in Missouri

Missouri real estate market forecast for sellers
⏰ Homes are selling 12 days slower than the annual average 💰 Homes are selling for $4,658 less than the annual average
💸 Average listing commission: 2.89% 💸 Average buyer's commission: 2.69%
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How to sell a home in Missouri

Cost to sell a home in Missouri

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Buying a home in Missouri

How much home you can buy with $300,000 in...
🏠 St. Louis: 1,840 sq ft 🏡 Springfield: sq ft
🏡 Kansas City: 1,515 sq ft 🏠 Columbia: 1,563 sq ft
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Investing in Missouri real estate

Best of Missouri

💡 Did you know…

That the Clever Data Center ranked St. Louis, Missouri among the top ten best music cities in the U.S. in 2022?

Blues and folk music are popular genres for St. Louis residents, who can also enjoy below-average concert ticket costs.

» Taking notes? 🎵 Learn more about the rankings here: The Best Music Cities in the U.S.

Each month, we compare cities in Missouri based on different criteria. This month, we're looking at levels of happiness and ranking the best cities in the state.

Happiest Counties in Missouri
1. St. Charles County
2. Platte County
3. St. Louis County
4. Jackson County
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Ready to buy a home in Missouri? Eligible buyers get cash back with Clever!

Worst of Missouri

Each month, we compare cities in Missouri based on a different criteria. This month we're looking at levels of happiness data. These are the cities that ranked the worst in the state.

Least Happy Counties in Missouri
1. Pemiscot County
2. Dunklin County
3. Wayne County
4. Ripley County
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Missouri resources

👋 Next Steps: Talk to an expert

If you're weighing your options for buying or selling a house, Clever can help!

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This service is free, and there’s never any obligation to move forward with us.

Frequently asked questions about Missouri real estate

Is it a buyer's or seller's market in Missouri?

It is currently a seller’s market in Missouri — but it might not be for long. The overly-optimistic sellers are overpricing homes and properties are starting to take longer to sell. Although this is the overall state of the market, each local area is different, so check in with a real estate agent to know your city’s particular trends.

Is Missouri a good state to invest in real estate?

It’s a good choice to invest in Missouri real estate, especially in more populated areas like Kansas City or St. Louis. However, it takes a lot of preparation to do investing right, such as researching the best neighborhoods and creating a property management plan. Find out more in our guide to real estate investing.

Is it a good time to buy a house in Missouri?

Now might not be the best time to buy a house in Missouri, as both listing prices and mortgage rates are high. If you’re adamant about buying, then work with a real estate agent to help you find a decent deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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