Missouri real estate trends (May 2022)
How is the real estate market in Missouri?
🏠 Average home value: $225,067
📈 1.26% home value increase month over month
💰 Median sale price: $237,200
⏳ 49 days on the market
🔑 Homes on the market: 7,177
📆 0.7 months of housing inventory
🏦 30-year mortgage rate: 3.04%
💵 Average income: $45,081
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 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% 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 3 days faster than the annual average
💰 Homes are selling for $15,779 more than the annual average
💸 Average listing commission: 3.10%
💸 Average buyer's commission: 2.80%
How to sell a home in Missouri
- The Best Low Commission Real Estate Brokers
- Top Real Estate Agents in Missouri (June 2021 Rankings)
- 8 Steps to Selling a House in Missouri
- How to Sell a House By Owner in Missouri (2021 Update)
- 4 Best Missouri Flat-Fee MLS Companies in 2021
- 5 Missouri We Buy Houses for Cash Companies & Alternatives (2021 Rankings)
Cost to sell a home in Missouri
- What's The Average Missouri Real Estate Commission In 2021?
- The Ultimate Guide to Missouri Real Estate Taxes
Buying a home in Missouri
How much home you can buy with $300,000 in...
🏠 St. Louis: 1,961 sq ft
🏡 Springfield: 1,911 sq ft
🏡 Kansas City: 1,604 sq ft
🏠 Columbia: 1,911 sq ft
- How to Save with a Home Buyer Rebate
- 8 Definitive Steps to Buying a House in Missouri
- The 5 Most Affordable Places to Live In Missouri
- The Best Time to Buy a House in Missouri
- The Ultimate Guide for Moving to Missouri
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 affordability and ranking the best cities in the state.
Most Affordable Cities in Missouri
1. St. Joseph
4. Jefferson City
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
3. Cape Girardeau
- Missouri Division of Professional Registration
- Missouri's real estate license verification
- Missouri's real estate agent code of conduct
- Missouri's disclosure forms
- Transfer taxes in Missouri
- Home buying assistance programs in Missouri
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.
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.