Saint Louis Housing Market

By Blaise Tomazic

Home sale prices in Saint Louis declined by 1.4% in January compared to the same month last year. The median home sale price settled at $256,400, keeping Saint Louis among the more affordable housing markets in the country.

Saint Louis home sale prices softened from the end of last year

Home prices in Saint Louis declined in January. This was the first annual decline in January in more than eight years. This followed a strong December performance, when prices rose 8% on an annualized basis.

Saint Louis condo owners see the sharpest price declines

Condos posted the steepest price declines among Saint Louis home types in January. Condo sale prices fell by almost 15% over the past year to $183,000, reflecting softer demand in that segment. Single-family home prices were essentially flat compared to last year, with a median sale price of nearly $265,000, while attached homes stood out as a bright spot. Prices for attached homes rose 25% annually to $225,000.

Saint Louis ranks near the bottom of major U.S. markets for price growth

Saint Louis ranked near the bottom of the top 40 U.S. housing markets for home price appreciation in January. While this places the metro among the weaker‑performing markets nationally, its relatively low price point continues to attract buyers seeking affordability. As inventory improves and negotiating conditions shift, the Saint Louis housing market is settling into a more balanced, normalized environment.

Key indicators of Saint Louis housing prices
Home prices declined by 1.4% in Saint Louis and increased by 1.3% nationwide.


Bar chart showing monthly median sale prices across Saint Louis, which ended January at around $256,000
Prices are down from the peak last year of $300,000.


A line chart depicting annual changes in the median sale price in Saint Louis.
The median sale price fell by $3,600 in January from the prior year, after increasing by almost $21,000 in December.


Area chart depicting the annual percent change of the median home price in Saint Louis, which declined by 1.4% in January.
The median home price in Saint Louis hasn't declined in January in more than eight years.


Bar chart showing the median home sale price in Saint Louis during January, going back to 2018. The market ended January 2026 with a median sale price of $256,400.
The median sale price in January is up 27% over the past five years.


A bar chart displaying the annual percentage change of the median home price in January across Saint Louis.
While the median sale price declined by 1.4% in January, over the past five years, it has increased by an average of 5%.


A chart showing the median sale price of the top 40 housing markets across the country.
Saint Louis ranks near the bottom in median sale price, making it one of the most affordable housing markets in the country.


A chart showing the annual percent change of the median sale price across the country.
The median sale price in Saint Louis fell by 1.4% from the prior year.


Key indicators of the Saint Louis housing market are displayed by property type.
Detached home prices in the Saint Louis area were flat in January.


A comparison of median sale price and annual change in Saint Louis by property type.
Condos had the median sale price fall by almost 15% in January.


For questions and commentary about this report:

Blaise Tomazic, Director of Market Analytics at CoStar and Homes.com, based in Saint Louis, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Blaise Tomazic

Director of Market Analytics

Homes.com

btomazic@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation in Saint Louis during January.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.

Writer
Blaise Tomazic

Blaise Tomazic is the Director of Market Analytics for CoStar and Homes.com, where he analyzes commercial and residential real estate markets across St. Louis, Kansas City, and other Midwest metros. His work focuses on market fundamentals, performance trends, and shifts in supply and demand, with particular attention to commercial and residential conditions, including rental activity, pricing, inventory, and absorption. With more than 15 years of experience in commercial real estate, Blaise brings insight into regional market cycles and economic conditions. He is a frequent speaker for real estate organizations, including CCIM, and his market insights have been featured in local Business Journal publications and graduated from the University of Dayton with a bachelor's degree in finance.

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