Saint Louis demand strengthens as rising sales and tight supply keep market competitive
Home sales picked up in Saint Louis in July, as more homes came to market, giving buyers more options than earlier this year. Even with the increase in inventory, demand remained strong enough to keep conditions tilted toward sellers.
Sales increase as buyers return to the market
More buyers returned to the market in July. Home sales rose 2.2% from a year ago to 3,510, trailing the national increase of 2.9%, but improving after a slower spring season.
Condos posted the strongest growth, with sales rising 8.9%. Single-family home sales increased 1.6% to 3,183, while townhome sales climbed 4.9%.
Neighborhoods with the most sales in July were Belleville, Ballwin and Florissant.
Buyers continued to pay close to sellers' asking prices. Homes sold for 98.8% of the list price on average, a sign that buyers kept purchasing homes even as more listings became available. Selling times also held steady, suggesting buyers were still moving quickly when desirable properties became available.
More homes hit the market, but supply remains limited
More homes were available for sale in July as inventory increased 13.9% from a year ago to 9,864 homes, one of the largest increases among major U.S. metros.
New listings increased 16.2%, giving buyers more choices throughout July. That said, the market remained relatively tight. Saint Louis had 3.4 months of supply, well below the national number of 4.7 months and still consistent with a seller-favored market. Homes took 42 days to sell, unchanged from a year earlier. Even with recent gains, listings remained about 40% below July 2019 levels.
View the latest homes for sale in Saint Louis.
Home prices reach a new high while remaining affordable
Home prices continued to climb in July. The median sale price rose 3.7% year over year to a record $310,000, outpacing the national increase of 2.6%. Even after those gains, Saint Louis remained relatively affordable compared with much of the country. The metro's median sale price was about 23% below the U.S. median of $400,000. Single-family home prices reached $325,000, while townhomes posted additional gains and condo prices recorded a small decline.
Rising prices and sales near asking price showed that sellers continued to hold the upper hand on pricing. Buyers had more choices than earlier this year, but competition remained strong and well-priced homes continued to sell quickly despite a modest net outflow of roughly 2,600 households in recent years.
Saint Louis Sale Prices
The median home sale price in Saint Louis increased by 3.7% compared to the same time last year, while the national median price rose by 2.6%.
Saint Louis ranks eighth for annual median price change among the top 40 US markets
Saint Louis median home prices rose by $10,978 year over year on a nominal basis in July to $310,000. Meanwhile, the national median home price increased by $10,000 to $400,000.
Saint Louis' median home price is below the nation's
Saint Louis was the 37th highest-priced housing market among the top 40 largest markets last month. The Saint Louis median home price of $310,000 was 22.5% below the national median home price. Saint Louis' median home price in July is the highest observed price for any month in the market.
Saint Louis single-family prices increase
The median price of Saint Louis single-family homes rose by $14,900 over the past year to $324,900, while the median townhome price grew by 1.5%, and the median condo price fell by 1.9%.
Saint Louis Inventory
The number of homes for sale in Saint Louis increased by 13.9% in July compared to the same time last year, while national homes for sale rose by 4.4%.
Saint Louis' inventory of homes for sale increases
Saint Louis homes for sale rose by 1,207 year over year in July to 9,864 homes for sale. Saint Louis ranked ninth, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.
Saint Louis homes for sale are below their pre-pandemic levels
Saint Louis homes for sale were below their pre-pandemic levels in the month of July. Saint Louis homes for sale were 38.8% below the July 2019 total of 16,107.
Saint Louis single-family inventory grows
Saint Louis single-family homes for sale grew by 14.8% to 8,601 in July. In comparison, townhomes for sale rose by 0.3% to 332, and condos for sale increased by 11.2% to 931.
Saint Louis Home Sales
The number of home sales in Saint Louis increased by 2.2% in July compared to the same time last year, while national home sales rose by 2.9%.
Saint Louis home sales increase
Saint Louis home sales increased by 74 year over year on a nominal basis in July to 3,510. For context, 3,436 sales closed in Saint Louis in July 2025.
Saint Louis' annual home sales activity change ranks 19th nationally
Saint Louis ranked 19th for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July increase of 2.2% compares to the 0.3% year over year decrease in July 2025.
Single-family sales in Saint Louis are higher than a year ago
Saint Louis single-family sales increased by 1.6% in July to 3,183. In comparison, townhome sales rose by 4.9% to 107, and condo sales rose by 8.9% to 220.
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 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 July 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.
Definition of Days on Market
The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Months of Supply (MOS)
Months of Supply (MOS) is equal to active listings divided by homes sold in a given 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 Sale to List Price Ratio
The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred 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.