Saint Louis Housing Market

Homes are selling quickly and inventory remains well below pre-pandemic levels, keeping conditions favorable for sellers despite flat sales and slowing job growth.

Home sales in Saint Louis totaled 2,954 in April, slipping 1% over the past year, a pullback following a modest increase in April of last year. The labor market remained tight with an unemployment rate of 4.3%. Annual job growth slowed as nonfarm payroll employment levels declined slightly and population growth was flat last year.

Despite these headwinds, buyer activity held up, fueled by pent-up demand from buyers who had been on the sidelines and were competing for homes as they came on the market. That competition showed in the pace of sales, with homes averaging just 42 days on market, well below the national average of 60. Single-family sales rose 0.6% to 2,652.

Active listings rose 7.3% year over year to 9,051, ranking 22nd nationally for inventory growth. However, listings were still almost 45% below the April 2019 peak. As a result, Saint Louis had just 3.2 months of supply, nearly 25% below the national average, similar to Kansas City and Indianapolis, reinforcing tight conditions across the market.

The median sale price rose 3.6% year over year to $285,000, more than double the national average and ranking Saint Louis ninth for annual price growth among the top 40 U.S. markets, trailing nearby Kansas City but outpacing most major metros.

Despite that growth, Saint Louis remained one of the most affordable major markets in the country, ranked 37th out of 40 for median sale price, with homes priced 27% below the national average. A combination of relative affordability and tighter supply kept demand strong, particularly in the single-family segment, where prices climbed 6% to $299,450, approaching the market's June 2024 peak. Conversely, townhome and condo prices declined over the past year.

The median home sale price in Saint Louis increased by 3.6% compared to the same time last year, while the national median price rose by 1.7%.

Saint Louis median home prices rose by $10,000 year over year on a nominal basis in April to $285,000. Meanwhile, the national median home price increased by $6,500 to $390,000.

Saint Louis was the 37th highest-priced housing market among the top 40 largest markets last month. The Saint Louis median home price of $285,000 was 26.9% below the national median home price. Saint Louis' median home price in April compares to the market's peak of $299,250 recorded in June of 2024.

The median price of Saint Louis single-family homes rose $17,000 over the past year to $299,450, while the median townhome price declined 5.0%, and the median condo price fell 25.3%.

The number of active listings in Saint Louis increased by 7.3% in April compared to the same time last year, while national active listings rose by 6.3%.

Saint Louis active listings rose by 618 year over year in April to 9,051 active listings. Saint Louis ranked 22nd, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.

Saint Louis active listings were below their pre-pandemic levels in the month of April. Saint Louis active listings were 44.2% below the April 2019 total of 16,223.

Saint Louis single-family active listings grew by 7.5% to 7,928 in April. In comparison, townhome active listings rose by 1.8% to 347, and condo active listings increased by 8.2% to 776.

The number of home sales in Saint Louis decreased by 1.0% in April compared to the same time last year, while national home sales rose by 0.6%.

Saint Louis home sales declined by 31 year over year on a nominal basis in April to 2,954. For context, 2,985 sales closed in Saint Louis in April 2025.

Saint Louis ranked 20th for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April decrease of 1.0% compares to the 2.2% year over year increase in April 2025.

Saint Louis single-family sales decreased by 0.6% in April to 2,652.

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 transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Saint Louis during April 2026.

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.

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.

Definition of Inventory

Inventory is the number of unique active listings that were for sale 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.

Definition of Home Sales

The total number of closed home sales on the MLS during the 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.

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.