Missouri Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 1st, 2021
Updated October 1st, 2021

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Missouri real estate trends

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

Missouri real estate trends (October 2021)

How is the real estate market in Missouri?
🏠 Average home value: $196,746
📈 1.37% home value increase month over month
💰 Median sale price: $221,000
⏳ 55 days on the market
🔑 Homes on the market: 11,850
📆 0.8 months of housing inventory
🏦 30-year mortgage rate: 3.04%
💵 Average income: 45081
State of the market: B
There is a big gap between Missouri's listing prices and home values, which suggests sellers are overpricing their homes. And buyers tend to agree since properties are now spending longer on the market.
*Data last updated October 2021

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% or $3K in listing fees. Eligible buyers get 0.5% 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 11 days faster than the annual average
💰 Homes are selling for $5,567 more than the annual average
💸 Average listing commission: 3.07%
💸 Average buyer's commission: 2.85%

How to sell a home in Missouri

Cost to sell a home in Missouri

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just $3,000 or 1%. On average, Clever sellers save $9,000 on commission!

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Buying a home in Missouri

How much home you can buy with $300,000 in...
🏠 St. Louis: 2,111 sq ft
🏡 Springfield: 2,320 sq ft
🏡 Kansas City: 1,877 sq ft
🏠 Columbia: 2,190 sq ft

Investing in Missouri real estate

Best of Missouri

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

Most Affordable Cities in Missouri
1. St. Joseph
2. Joplin
3. Farmington
4. Jefferson City

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 affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Missouri
1. Kansas City
2. Columbia
3. Cape Girardeau
4. Springfield

Missouri resources

👋 Next Steps: Talk to an expert!

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

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, 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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