Missouri
Housing Market
The landscape of the housing market in Missouri evolves with shifting home prices and demand. Houzeo’s Missouri market reports track these changes in supply and demand. Our report offers real-time insights to help you make informed decisions.
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
Last updated
#42
in Nation
Overview
Supply
Demand
Buy or Sell
Market Insights
MigrationMissouri Housing Market Overview
Missouri home prices show a 5.9% YoY growth as of January 2025. Currently, the median home price in Missouri is $251,500. The consistently increasing house prices in Missouri indicate that the housing market is favoring home sellers. Additionally, the number of homes sold increased by 3% YoY.
You can also check the market competitiveness through median days on the market. Houses for sale in Missouri now spend 47 on the market before going under contract. High mortgage rates of around 7% further squeeze buyer demand. All these metrics collectively indicate changes in the pace and affordability of the Missouri housing market.
What Does it Mean for Home Buyers and Sellers?
You can also check the market competitiveness through median days on the market. Houses for sale in Missouri now spend 47 on the market before going under contract. High mortgage rates of around 7% further squeeze buyer demand. All these metrics collectively indicate changes in the pace and affordability of the Missouri housing market.
What Does it Mean for Home Buyers and Sellers?
- If You're a Buyer: You get less negotiation power as the median days on the market are just 47 days. Furthermore, mortgage rates at around 6.99% can hamper your buying power.
- If You're a Seller: The median home sale price in Missouri has increased by 5.9% YoY. This gives you the leverage to sell your Missouri home now and get maximum profit. However, you should price your home competitively to get a favorable deal.
Median Sale Price
$
0% year-over-year
All Home Types 
1 year
3 year
5 year
Missouri
Missouri Housing Supply
The housing market in Missouri will see a growth in housing supply as new construction expands. The number of houses for sale in Missouri has already increased by 6.5% YoY in January 2025. Currently, 20,982 homes are available for sale in Missouri. The housing market is tilted towards sellers with 3 months of supply. Months of supply lower than 6 indicate a seller’s market, while those more than 6 point towards a buyer’s market.
What Does it Mean for Home Buyers and Sellers?
If You're a Buyer: Rising inventory potentially meets demand and stabilizes Missouri property prices. While 3 months of supply signals faster sales, the rising inventory gives you more options. If You're a Seller: Act fast and sell your home before the housing supply picks up pace. Take advantage of the high demand and increased house prices in Missouri. To attract buyers, you can stage and strategically market your house on the Missouri MLS.
What Does it Mean for Home Buyers and Sellers?
# of Homes for Sale
0% year-over-year
All Home Types
1 year
3 year
5 year
Missouri
Missouri Housing Demand
The percentage of homes selling above the list price is a key indicator of housing demand. When more homes sell for more than the list price, it shows strong buyer competition and high demand. A decline in prices suggests less demand and more supply. Tracking this trend helps you gauge market competitiveness.
16.1% of homes in Missouri sold above the list price in January 2025. Price drops increased slightly from last year, with 23.6% of homes selling below list price. This indicates that the market is starting to favor buyers. The 96.5% sale-to-list price suggests price flexibility for both buyers and sellers.
What Does it Mean for Home Buyers and Sellers in Missouri?
If You're a Buyer:With 23.6% of homes experiencing price drops, you may find increased affordability, though be prepared for potential bidding wars. If You're a Seller: You can earn profits on home sales, given that 16.1% of homes are selling above the list price. You could also wait till spring or summer when housing demand booms.
16.1% of homes in Missouri sold above the list price in January 2025. Price drops increased slightly from last year, with 23.6% of homes selling below list price. This indicates that the market is starting to favor buyers. The 96.5% sale-to-list price suggests price flexibility for both buyers and sellers.
What Does it Mean for Home Buyers and Sellers in Missouri?
Homes Sold Above List Price
%0% year-over-year
All Home Types
1 year
3 year
5 year
Missouri
Strong
Buyer
Buyer
Balanced
Seller
Strong
Seller
Buyer’s Market
Seller’s Market
Buyer: Supply exceeds demand, and homes stay listed on the market for longer, pushing sellers to offer concessions.
Is it a Buyer’s or Seller’s Market?
As of January 2025, home buyers in Missouri have more leverage due to an increase in the home sale price and 3 months of supply. Nevertheless, mortgage rates of 7% restrict the buying power. But, an increase in new constructions and a 6.8% rise in new home listings, can soon favor the buyers and impact the house prices in Missouri.
Furthermore, the median days on the market, currently 47 days, can appeal to sellers looking to list their homes. You can list your home for a flat fee and make a speedy sale. But remember, you need to act fast and sell your home soon before the market transitions into a buyer’s market.
Missouri Housing Market Insights
The real estate housing market in Missouri is less competitive and more affordable than the nationwide market. Though housing in Missouri is getting expensive (now at a median of $251,500), the growth rate is slow (only 5.9% YoY). The increasing number of houses in Missouri for sale, up by 11.5% YoY, indicates an upcoming shift in the market trends.
Cities like University City and Ferguson continue to remain hot housing markets due to high competition among buyers. Homes in such cities spend an average of 37-42 days on the market. However, the Missouri housing market predictions for 2025 suggest continued growth in some regions as the market adjusts to economic factors. Overall, the Missouri real estate market favors home buyers.
Cities like University City and Ferguson continue to remain hot housing markets due to high competition among buyers. Homes in such cities spend an average of 37-42 days on the market. However, the Missouri housing market predictions for 2025 suggest continued growth in some regions as the market adjusts to economic factors. Overall, the Missouri real estate market favors home buyers.
Nationwide Migration Trends
The Missouri housing market reveals interesting patterns in the homebuyer movement in 2024. Missouri witnessed 55.4% inbound migration in 2024. 27% of buyers nationwide sought for homes outside their current metros.
The state has a cost of living index of 88.4. Needless to say, cities like Springfield, Columbia and Kansas City attracted new residents. These cities offer an affordable cost of living and better opportunities. Missouri offers a great quality of life as well as amazing educational and professional opportunities.
The state has a cost of living index of 88.4. Needless to say, cities like Springfield, Columbia and Kansas City attracted new residents. These cities offer an affordable cost of living and better opportunities. Missouri offers a great quality of life as well as amazing educational and professional opportunities.
From Hot Trends to Hidden Gems—All in Your Pocket!
The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.
Download the Houzeo Mobile App Now!
Check the Real Estate Trends in Your State
- Alabama Housing Market
- Alaska Housing Market
- Arizona Housing Market
- Arkansas Housing Market
- California Housing Market
- Colorado Housing Market
- Connecticut Housing Market
- Delaware Housing Market
- Florida Housing Market
- Georgia Housing Market
- Hawaii Housing Market
- Idaho Housing Market
- Illinois Housing Market
- Indiana Housing Market
- Iowa Housing Market
- Kansas Housing Market
- Kentucky Housing Market
- Louisiana Housing Market
- Maine Housing Market
- Maryland Housing Market
- Massachusetts Housing Market
- Michigan Housing Market
- Minnesota Housing Market
- Mississippi Housing Market
Show more
Search by Top Cities in Missouri
Frequently Asked Questions
How have Missouri house prices changed over the past years?
Missouri median home prices have risen consistently over the past years, at an annual rate of 5.9%. Nevertheless, some regions see a higher percentage of growth while some see a lower one. Check your home’s fair market value with a free home value estimator to see where you stand.
Where can I find cheap property for sale in Missouri?
Kennett, Poplar Bluff and Sikeston have a low cost of living and affordable housing. Kennett’s median home price is under $80,400 as of January 2025. Missouri’s overall cost of living is below the national average, making it one of the more affordable states to buy a home. Read on to find out more about the cheapest places to live in Missouri.
When will housing prices drop in Missouri?
Missouri home prices aren't dropping statewide. Nevertheless, the housing market is slowing down in Missouri. While the statewide prices rose 5.9% year-over-year in January 2025, the average home prices in Missouri show varied trends. For an instance, the median home sale price in Kennett had decreased by 5.4% since last year. Overall, experts forecast slow yet stable growth in home prices.
What are Missouri housing market predictions in 2025 and beyond?
The real estate housing market in Missouri is expected to be characteristically stable in 2025. The state will experience a steady increase in housing inventory. This could help balance supply and demand. Higher mortgage rates would keep affordability under control. Some areas, particularly urban centers like Kansas City and St. Louis, may see stronger price growth compared to smaller markets.
Is now a good time to buy or sell a house in Missouri?
It depends on the current trends in housing prices and inventory in your city. Sellers can benefit from high demand and rising prices. However, if mortgage rates are stable with more than 6 months of supply, it’s the best time to buy a house in Missouri.
What’s the average cost of a home in Missouri?
The average home price in Missouri depends on location, size, and market conditions. It typically ranges from $211,100 for condos to $256,000 for single-family homes. If you want to build a house for yourself, the cost to build a house in Missouri ranges between $160k to $340k, excluding land.
What are the best cities to buy a home in Missouri right now?
Kansas City, St. Louis and suburbs like Kirkwood, Clayton, Chesterfield are few among the best places to buy a home in Missouri. These best places to live in Missouri are suitable for new families, young professionals as well as students.
How can I list my home for sale in Missouri?
You can list your home for sale with a Flat Fee MLS Missouri listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Missouri?
The average mortgage rate for buyers in Missouri fluctuates between 6.13% to 7%. Make sure to check your credit score and current mortgage rates when you apply for a mortgage.
When will the housing market crash in Missouri?
As per the Missouri housing market forecast, it’s implausible that the market will crash. Prices are projected to experience a sustained growth through 2025. Home prices in Missouri will grow along with the housing demand.
Important Legal Disclosures