Saint Louis Housing Market

By Blaise Tomazic

St. Louis housing market shows rising prices and expanding inventory as sales remain slightly below last year in February

St. Louis posted strong year-over-year growth in home prices and available inventory in February 2026, along with seasonally improving sales that were just under last year’s pace.

Median home price rises year over year and jumps month over month

The median sale price in St. Louis was $270,375 in February, up 8% year over year and up about 6% month over month from January. Price growth was stronger than the flatter winter pattern seen nationally in many markets, reflecting relatively resilient local pricing. By property type, detached homes saw higher price year over year, but condo prices were notably lower, pulling that segment in a different direction even as the total market advanced.

Active listings expand sharply, improving buyer choice ahead of spring

Active listings totaled 7,594 in February, up 19% year over year and up modestly from January, showing a clear lift typical of the pre-spring ramp. The increase in standing inventory meant buyers had more options than a year ago, which can reduce competition intensity in some price tiers even as prices are still rising. Inventory gains were broad-based, with both detached homes and condos contributing, while the attached segment showed a large percentage increase from a small base.

Home sales improve seasonally but remain slightly below last year

St. Louis recorded 2,024 home sales in February, down about 2% year over year but higher than January in a typical seasonal rebound. The near-flat year-over-year change suggested demand held relatively steady despite affordability and rate sensitivity, with activity improving as the market approached the spring selling season. By property type, detached sales were only slightly lower than last year, while condo sales were meaningfully weaker, indicating softer demand in that segment even as overall closings remained close to last year’s level.


Bar chart showing annual percent change in active listings across major U.S. housing markets.
Saint Louis ranked near the upper third of major U.S. markets for year‑over‑year inventory growth in February.


Saint Louis Sale Prices

Home sale prices in Saint Louis rose 8.1% in February compared to the same month the prior year, ranking as the top-performing major metro in the U.S. for price growth.

Saint Louis home sale prices rise sharply in February, outperforming the national average

Home sale prices in Saint Louis increased 8.1% year over year in February, marking a strong rebound and placing the metro as the top‑performing large U.S. housing market for price growth. The gain stands in contrast to the more muted national trend and underscores renewed price momentum early in 2026.

Saint Louis home prices increase by more than $20,000 in February

The median home sale price in Saint Louis increased by $20,375 from a year earlier, compared to an $885 gain nationally. Price trends varied meaningfully by property type. Single-family homes led the market, and rose 9%, while attached homes declined modestly. Finally, condo prices fell by 12.2% year over year.

Saint Louis remains one of the most affordable major housing markets

Despite faster price growth, Saint Louis remained one of the most affordable large U.S. housing markets. The $270,375 median sale price continued to provide a relatively accessible entry point for buyers.


Indicator chart showing Saint Louis’ February 2026 median home sale price of $270,375, with 8.1% year over year growth and a $20,375 annual increase, compared with much slower national growth.
In February 2026, Saint Louis recorded 8.1% year‑over‑year home price growth and a $20,375 annual increase, far exceeding the national pace.


Line chart showing February median home sale prices in Saint Louis from 2018 through 2026, rising steadily to $270,375.
The February median home sale price reached $270,375 in 2026, continuing a long‑term upward trend.


Area chart tracking year over year percent change in Saint Louis home prices from 2018 to 2026, ending with strong appreciation in February 2026.
By February 2026, Saint Louis shifted into strong positive annual price growth after prior years of more moderate movement.


Bar chart showing February year over year percent change in Saint Louis home prices, with 2026 marked by a strong 8.1% increase.
Saint Louis posted 8.1% year‑over‑year growth in February 2026, one of its strongest February readings in recent years.


Horizontal bar chart ranking the top 40 U.S. markets by February 2026 median sale price, with Saint Louis near the lower end at $270,375.
Saint Louis remains among the most affordable large U.S. housing markets despite recent price gains.


Horizontal bar chart comparing year over year percent change in February home prices across top U.S. markets, with Saint Louis ranked first.
Saint Louis led major metros with 8.1% year‑over‑year price growth in February 2026.


Property type chart showing February 2026 Saint Louis home prices, with detached homes up 9.0%, attached homes slightly down, and condos down 12.2% year over year.
Detached homes drove Saint Louis price growth in February 2026, while condo prices declined sharply.


Two charts comparing the median sale price by property type and the annual price change as a percentage.
Condos had the median sale price fall by 12.2% in February.


Saint Louis Inventory

There were 7,594 active listings in the metro during February, placing Saint Louis 24th among the 40 largest U.S. housing markets by inventory level.

Active listings are rising faster than the national average

Active listings in Saint Louis rose 18.7% year over year in February, outpacing the 14.2% national increase. This growth ranked the metro 11th among the 40 largest U.S. markets for annual inventory expansion, which signaled that new supply was returning quicker than in many peer markets. However, Saint Louis continued operating with relatively tight inventory compared to historical standards.

Inventory gains are driven primarily by single-family homes

Growth in active listings was led by single-family homes, which accounted for the majority of available inventory. Listings totaled almost 6,700 in February, up 16.5% from a year earlier. Attached homes posted the highest year-over-year growth, with active listings more than doubling. Condo listings also increased by 19.4% annually.

Saint Louis’ inventory remains modest by national standards

Even with recent gains, Saint Louis remained a mid‑pack market nationally for active listings. Many large Sun Belt metros continued to report substantially higher inventory levels, while several Midwest and Northeast markets experienced similar, incremental supply recoveries.


Chart summarizing Saint Louis active listings, annual growth, and national ranking for February 2026.
Saint Louis recorded 7,594 active listings in February, ranking 24th among the 40 largest U.S. housing markets, with inventory up 18.7% year over year.


Line chart showing Saint Louis active listings each February from 2018 through 2026.
Saint Louis housing inventory has trended upward since 2023, though active listings remain below pre‑pandemic levels.


Area chart showing the annual percent change in active listings in Saint Louis since 2018.
Active listings have been steadily rising for several months.


Bar chart showing the annual percent change in Saint Louis active housing listings.
Active listings in Saint Louis rose 18.7% year over year in February, outpacing the national average increase.


Bar chart comparing active housing listings across the 40 largest U.S. metro areas.
Saint Louis ranked 24th among the 40 largest U.S. housing markets for active listings in February.


Bar chart showing annual percent change in active listings across major U.S. housing markets.
Saint Louis ranked near the upper third of major U.S. markets for year‑over‑year inventory growth in February.


Chart showing Saint Louis active listings and annual growth by detached, attached, and condominium property types.
Single-family homes accounted for the majority of active listings in Saint Louis, while attached homes recorded the fastest year‑over‑year growth.


Chart showing the number of active listings in Saint Louis and annual growth by property type.
Attached homes saw the biggest annual increase in active listings over the past year.


Saint Louis Homes Sales

Saint Louis had 2,024 home sales in February, a 1.9% decline from the same month last year. Despite the modest pullback, Saint Louis continued to outpace the national trend, where home sales declined more sharply, reflecting comparatively resilient buyer demand.

Home sales in Saint Louis decline slower than the national trend

Home sales in Saint Louis declined 1.9% year over year in February, compared with a 3.7% decline nationally. This performance ranked the metro 10th among the 40 largest U.S. housing markets for annual sales change, underscoring relative stability in local demand amid elevated interest rates and affordability pressures.

Sales declines are concentrated in single‑family and condos

On an annual basis, sales trends varied by property type. Single‑family home sales declined modestly from a year earlier, reflecting limited inventory. Condo sales recorded a sharper year‑over‑year decline, making them the weakest‑performing segment of the local market.

Saint Louis home sales remain steady relative to peer markets

Even with recent softness, Saint Louis remained a middle-of-the-pack market nationally for home sales activity. Several large metros continued to report steeper declines in transaction volumes, while some Midwest markets posted similar patterns of modest contraction.


Key indicator chart comparing Saint Louis and U.S. home sales in February 2026, showing 2,024 local sales, a 1.9% decline, and a national ranking of 19th.
Despite a year‑over‑year decline in sales, Saint Louis outperformed the national average in February and ranked among the top 20 U.S. markets by transaction volume.


Bar chart showing monthly Saint Louis home sales from 2018 through early 2026, with a peak around 2021, followed by lower but more stable sales volumes in recent months.
Monthly home sales in Saint Louis remain below the pandemic‑era peak but have settled into a more consistent range, reflecting a slower yet steadier housing market in early 2026.


Area chart illustrating the annual percent change in Saint Louis home sales from 2018 to 2026, highlighting deep negative growth in 2022–2023 and near-flat changes by early 2026.
Annual percent changes in Saint Louis home sales have moderated significantly, with recent months showing smaller declines compared with the sharp contractions seen in 2022 and 2023.


Bar chart showing annual percent change in February home sales for Saint Louis from 2018 to 2026, with positive growth around 2020–2021 and modest declines in recent years.
February year‑over‑year sales trends show that Saint Louis has moved past the steepest part of the downturn, though growth remains uneven from year to year.


Horizontal bar chart ranking U.S. metro areas by February home sales, with Saint Louis highlighted at 2,024 transactions, positioning the market in the middle of the pack nationally.
Compared with major U.S. metros, Saint Louis recorded 2,024 home sales in February, placing it in the middle of the national rankings amid widespread regional variation.


Horizontal bar chart ranking U.S. metros by annual percentage change in February home sales, showing Saint Louis near the middle with a modest negative change compared with larger declines elsewhere.
Saint Louis ranked among the more resilient major metros in February, posting a smaller year‑over‑year sales decline than many large U.S. housing markets.


Dashboard style graphic showing Saint Louis February 2026 home sales, annual percent growth, and nominal change by property type, including detached, attached, and condo categories.
Key indicators highlight a fragmented market, with single-family homes driving overall volume while attached and condo segments reflect sharply different growth trajectories.


Side-by-side bar charts showing Saint Louis February 2026 home sales and annual change by property type, with detached homes at 1,830 sales, attached homes up sharply year over year, and condo sales declining.
Single family homes in Saint Louis continue to dominate sales activity, while attached homes posted the strongest year‑over‑year growth from a small base and condos saw notable declines.


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 price appreciation, inventory changes, and sales volume in Saint Louis during February 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.

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 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.

 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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