Missouri Real Estate Market May 2022: Forecasts + Trends

Missouri real estate trends (May 2022)

How is the real estate market in Missouri?
🏠 Average home value: $227,347	📈 0.95% home value increase month over month
💰 Median sale price: $232,500	⏳ 47 days on the market
🔑 Homes on the market: 10,303	📆 1.3 months of housing inventory
🏦 30-year mortgage rate: 5.59000%	💵 Average income: #N/A
State of the market: B
Inventory in Missouri is low, and homes are selling relatively quickly. However, given that inventory is increasing, it could be a sign the market is cooling.
_{Data last updated May 2022}*

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 26 days slower than the annual average	💰 Homes are selling for $19,230 more than the annual average
💸 Average listing commission: 2.96%	💸 Average buyer's commission: 2.76%

How to sell a home in Missouri

Cost to sell a home in Missouri

Buying a home in Missouri

How much home you can buy with $300,000 in...
🏠 St. Louis: 1,923 sq ft	🏡 Springfield: 1,875 sq ft
🏡 Kansas City: 1,478 sq ft	🏠 Columbia: 1,639 sq ft

Investing in Missouri real estate

Best of Missouri

💡 Did you know…

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

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

Missouri resources

Frequently asked questions about Missouri real estate

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.

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.

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.

Missouri Real Estate Market in 2022: Forecasts + Trends