St Louis Real Estate News - Daily St. Louis real estate news, market analysis, home prices, and mortgage rate updates from local industry professionals.

37% of St. Louis Homes Sold Over Asking: What That Means for Buyers and Sellers

By Dennis Norman, on November 14th, 2026

In the past year, 37.0% of homes sold in the St. Louis metropolitan area closed for more than their asking price, according to data from MORE, REALTORS®. That means more than one in three sellers received offers above list, and buyers faced stiff competition on a significant share of listings.

What Selling Over Asking Means for Buyers

For buyers, the fact that 37.0% of homes sold above the asking price signals that bidding wars remain a common feature of the St. Louis market. Buyers should be prepared for the possibility that the list price is not the ceiling, especially Continue Reading →

Illinois Remodeling Spending Bucks National Slowdown…What About Missouri and St. Louis?

By Dennis Norman, on November 13th, 2026

Remodeling spending fell in 26 states and rose in 24 states, according to quarterly survey findings from the National Association of Home Builders.

Home remodeling spending has slowed across the country, but Illinois is bucking the trend. According to the National Association of Home Builders (NAHB), Illinois was one of only two states among the nation’s ten largest remodeling markets to report spending growth during the second quarter of 2026. North Carolina was the other.

Nationally, remodeling spending fell 2.3% from the previous quarter to an annualized rate of $271.2 billion, the lowest level in two years. Spending declined in 26 states and increased in 24, resulting in an average state growth rate of 0%. Remodeling has now experienced spending declines in five Continue Reading →

Chesterfield Home Prices Hold Steady at $580,000 Median, Sales Volume Up 5.1%, Market Update October 2026

By Dennis Norman, on November 13th, 2026

The Chesterfield housing market continues to demonstrate stability, with the median sold price over the past twelve months holding at $580,000 on a total of 721 closed sales. This period saw a 5.1% increase in sales volume compared to the previous twelve months, which recorded 686 sales. These figures provide a broad and reliable view of the Chesterfield market, giving both buyers and sellers a clear sense of the current landscape.

Chesterfield Outpaces the St. Louis Metro in Price and Activity

When comparing Chesterfield to the broader St. Louis metropolitan area, the contrasts are significant. The median sold price Continue Reading →

St. Louis Mortgage Rates: Current Averages, Trends, and What They Mean for Buyers and Sellers

By Dennis Norman, on November 12th, 2026

The 30 year fixed mortgage rate currently stands at 7.30%, an increase of 0.12% from the prior reading. This figure represents the national average as reported by Mortgage News Daily, serving as a key benchmark for both homebuyers and real estate professionals in the St. Louis market. Alongside the 30 year fixed, all other major mortgage products being tracked,including the 15 year fixed, 30 year FHA, 30 year jumbo, and the 7/6 SOFR adjustable rate mortgage,have also seen increases, with rates holding at elevated levels above 7%. Notably, the 7/6 SOFR adjustable rate mortgage has experienced a significant uptick. Continue Reading →

Fastest Selling School Districts in St. Louis: Maplewood-Richmond Heights Tops the List for Quick Home Sales

By Dennis Norman, on November 12th, 2026

The St. Louis real estate market continues to show dynamic activity, with certain school districts standing out for how quickly homes are selling. For both buyers and sellers, understanding which areas are moving fastest can be crucial in shaping strategy and expectations. According to the latest data compiled by MORE, REALTORS®, Maplewood-Richmond Heights in St. Louis leads the metropolitan area, with homes spending an average of just 39 days on the market. This report ranks only those school districts with at least 15 homes currently for sale, ensuring that the list reflects genuine market trends and is not skewed Continue Reading →

Nearly Half of St. Louis Sellers Cut Asking Prices, with Average Reductions Over $24,000

By Dennis Norman, on November 11th, 2026

Nearly half of all homes currently for sale in the St. Louis metropolitan area have seen at least one price cut, according to data provided by MORE, REALTORS®. Out of 7,356 active listings, 3,441 have reduced their asking price, representing 46.8% of the market. The average reduction is $24,463, or 8.3% off the original price.

This figure is not just a statistic, it is a real signal to both buyers and sellers about how homes are being priced and sold in today’s market. For sellers, it means that almost half are finding their initial price too high for buyers Continue Reading →

St. Louis Home Tour Video Map Sees Over 9,000 Video Tours

By Dennis Norman, on November 11th, 2026

St. Louis home buyers and real estate enthusiasts have 9,147 video tours at their disposal in the metro area, offering a comprehensive look at properties across 314 markets. Video walkthroughs have become an invaluable tool for potential buyers, providing insights that photographs simply cannot. They allow viewers to understand the layout of a home, assess the steepness of stairs, and gauge the true size of a space.

In the past 30 days, 159 new tours have been added to the catalogue, with 18 of those in just the last week. St. Louis, MO leads the way with 55 new video Continue Reading →

Florissant Median Home Price Holds at $185,000 as Sales Dip Slightly: Market Update for October 2026

By Dennis Norman, on November 10th, 2026

The Florissant real estate market has maintained a steady pace over the past twelve months, with a median sold price of $185,000 across 727 closed sales. This figure provides a clear snapshot of the market’s stability in Florissant, located in the St. Louis metropolitan area. The number of homes sold marked a slight decrease of 0.4% compared to the previous year, when 730 homes were sold. This small shift in sales volume highlights a relatively consistent level of activity for both buyers and sellers in Florissant.

Florissant Compared to the Greater St. Louis Metro Market

For those considering a Continue Reading →

Metro East Home Prices Dip to $216,000 as Inventory Rises, Shaping a More Balanced Market in November 2026

By Dennis Norman, on November 9th, 2026

The most striking update for Metro East this month is the shift in the median sold price for homes, which settled at $216,000 in October 2026. This marks a 1.82% decrease from October 2025, when the median was $220,000, and a steeper 6.05% drop from just last month’s $229,900. For buyers and sellers alike, the chart below, available exclusively from MORE, REALTORS®, provides a detailed look at how these price changes are shaping the local real estate landscape.

Inventory and Market Balance: What Buyers and Sellers Should Know

Metro East’s housing inventory has grown, with 2,611 homes currently listed Continue Reading →

St Charles County Home Sales Drop 14 Percent as Median Price Holds Steady, November 2026 Market Update

By Dennis Norman, on November 8th, 2026

The St Charles County housing market saw a notable shift in October 2026, with the number of homes sold dropping 14.04 percent to 453 compared to 527 in October 2025. This decline in sales volume stands out as the most significant change in the latest data, signaling a market where buyers and sellers both need to adjust their strategies.

Stable Prices, Rising Asking Prices

Despite the slowdown in sales, the median sold price for homes in St Charles County held steady at $365,000 in October 2026, exactly matching the median from October 2025. However, this figure represents a slight Continue Reading →

Nearly One in Four St. Louis Home Buyers Paid Cash, but the Share Swings Widely by Price and County

By Dennis Norman, on November 6th, 2026

Nearly one in four St. Louis area home buyers,23.7%, paid cash for their property between November 2025 and October 2026, according to data from MORE, REALTORS®. Out of 34,948 closed sales in the St. Louis metropolitan area that reported how buyers paid, 8,269 were all-cash purchases.

For buyers, this figure means that cash offers are a significant force in the market. Competing against cash buyers can be challenging, especially for those relying on mortgage financing, because cash deals often close faster and with fewer contingencies. For sellers, a high cash share may mean more flexibility in choosing between offers, Continue Reading →

Wentzville Home Prices Hold Steady at $389,450 as Sales Volume Grows: Market Update October 2026

By Dennis Norman, on November 4th, 2026

The Wentzville housing market continues to show stability, with the median sold price over the past twelve months coming in at $389,450 across 798 closed sales. This figure offers a clear view of the market’s overall direction, providing both buyers and sellers in Wentzville with a reliable benchmark. Notably, sales volume in Wentzville has increased by 7.8% compared to the previous twelve months, rising from 740 to 798 homes sold, indicating a steady flow of transactions in the area.

How Wentzville Compares to the Greater St. Louis Metro

For those considering a move to or from Wentzville, or agents Continue Reading →

Over One in Three St. Louis Home Sellers Paid Buyer Costs This Year, Here’s How Much and Where

By Dennis Norman, on November 4th, 2026

Should sellers offer buyer agent commission?

More than one in three St. Louis-area home sales in the past year included a seller concession, with 34.5% of all closings involving the seller paying part of the buyer’s costs. This data, provided by MORE, REALTORS®, covers the period from November 2025 through October 2026 and reflects a significant portion of the market where sellers are helping buyers with expenses such as closing costs or repairs.

For both buyers and sellers, this means that negotiating a concession is now a common part of the transaction in the St. Louis metro area. Buyers may find some relief in upfront Continue Reading →

St. Louis Home Tour Video Map Sees Over 9,000 Tours

By Dennis Norman, on November 4th, 2026

With 187,422 views, the video tour of 1410 Fournier Dr in Crestwood, MO tops the list of most-watched home tours on the St. Louis metro home tour video map. This map, which now boasts a total of 9,121 video tours across 314 markets, offers prospective buyers a comprehensive look at properties that photographs alone cannot provide. Video walkthroughs are particularly useful as they allow viewers to understand the flow of a home, assess the steepness of stairs, and gauge the true size of rooms.

In the past 30 days, 193 new tours have been added to the catalogue, with 28 Continue Reading →

Wentzville R-IV School District Home Prices Hold at $400,000 as Sales Volume Rises, October 2026 Market Update

By Dennis Norman, on November 3rd, 2026

The Wentzville R-IV school district continues to stand out in the St. Louis metropolitan area’s real estate landscape. Over the past twelve months, the median sold price for homes within the Wentzville R-IV school district was $400,000, based on 1,799 closed sales. This figure represents a stable market for the district, which also saw a 3.6% increase in sales volume compared to the 1,736 homes sold in the previous twelve-month period.

Wentzville R-IV Market Remains Strong Compared to Metro Area

For buyers and sellers in the Wentzville R-IV school district, the local market continues to show notable differences from Continue Reading →

What a Square Foot of Home Really Costs in St. Louis, From $144 to $385 Depending on Location and Age

By Dennis Norman, on October 26th, 2026

The single most striking number in the latest St. Louis real estate data is $385. That is the median price per square foot for homes sold in Ladue between October 2025 and September 2026, according to data from MORE, REALTORS®. In practical terms, if you are buying or selling a 2,000 square foot home in Ladue, you are looking at a price point near $770,000, just for the structure itself, not including land or features. For sellers, this means the value of every square foot is at a premium. For buyers, it means every additional room comes with a Continue Reading →

Parkway C-2 School District Median Sold Price at $429,000 as Sales Volume Rises, Market Update September 2026

By Dennis Norman, on October 24th, 2026

The housing market in the Parkway C-2 school district has shown notable stability and growth over the past twelve months. From October 2025 through September 2026, the median sold price for homes in the Parkway C-2 school district was $429,000, based on 1,949 closed sales. This represents a significant increase in sales activity, with volume up 8.0 percent compared to the 1,805 sales recorded in the previous twelve-month period. For buyers and sellers alike, these figures provide a solid benchmark for understanding the current market environment within this part of the St. Louis metropolitan area.

Parkway C-2 in Context: Continue Reading →

Trump Signs Executive Order to Lower Homeownership Costs, Including Mortgage Insurance and Refinancing Fees

By Dennis Norman, on October 24th, 2026

Trump Order to lower home ownership costs

President Trump signed a new executive order on October 22, 2026, aimed at reducing the cost of homeownership, and there are a couple of provisions that could make a real difference for homeowners, including here in St. Louis. The order focuses on eliminating unnecessary mortgage insurance, reducing refinancing costs, and making it easier and less expensive to build homes.

One of the more interesting provisions would require Fannie Mae and Freddie Mac, subject to approval by the Federal Housing Finance Agency (FHFA), to establish a pilot program to automatically identify homeowners who have built up enough equity to cancel their Continue Reading →

Treasury Proposes Rules to Keep Large Institutional Investors From Buying Single-Family Homes

By Dennis Norman, on October 23rd, 2026

Treasury Ban on Institiutional Investors

Well, the 21st Century ROAD to Housing Act is moving from legislation to implementation. On October 23, 2026, the U.S. Treasury Department published a proposed rule spelling out how the law’s restrictions on large institutional investors purchasing single-family homes would work. The restrictions are scheduled to take effect January 7, 2027, and could change how some of the nation’s largest residential real estate investors do business.

Back in March, I wrote about the ROAD to Housing Act and whether it would actually make housing more affordable. At the time, it had not become law. That changed July 11, when the Continue Reading →

Just 4.9% of St. Louis Home Sales Are New Construction: What Buyers and Sellers Need to Know

By Dennis Norman, on October 23rd, 2026

Just 4.9% of all homes sold in the St. Louis metropolitan area between October 2025 and September 2026 were newly built properties, according to data provided by MORE, REALTORS®. That means out of 35,349 closed sales during this period, only 1,749 were new construction homes.

This small share of the market has real implications for both buyers and sellers. For buyers, the limited number of new homes means fewer options if you are set on something brand new. Sellers of existing homes, on the other hand, are competing in a market where new builds are a minority, but they Continue Reading →

Six More MLSs Sue Compass as Battle Over Private Listings Continues to Grow

By Dennis Norman, on October 22nd, 2026

Well, it looks like the opposition to Compass and its efforts to change MLS cooperation rules is growing pretty quickly. Yesterday, October 21, 2026, six more multiple listing services joined forces and filed a federal lawsuit against Compass in the Southern District of New York. The MLSs include Arizona Regional MLS, Bridge MLS, Canopy MLS, REcolorado, Hive MLS and Doorify MLS. Like California Regional MLS (CRMLS), which filed suit against Compass earlier this month, these MLSs are asking the court to declare that their cooperation rules are lawful and prevent Compass from pursuing its threatened antitrust claims against those rules.

Continue Reading →

St Peters Home Prices Hold Steady at $330,000 as Sales Volume Rises: Market Update September 2026

By Dennis Norman, on October 22nd, 2026

The St Peters housing market continues to show stability, with the median sold price over the past twelve months coming in at $330,000 across 806 closed sales. This figure represents the most reliable indicator of market conditions in St Peters, as it smooths out monthly fluctuations and reflects a full year’s worth of activity. Notably, sales volume in St Peters increased by 6.5 percent compared to the previous year, rising from 757 to 806 sales. This uptick in activity signals sustained interest in the area and a healthy pace of transactions for both buyers and sellers.

St Peters in Continue Reading →

St. Louis Home Tour Video Map Surpasses 9,000 Tours

By Dennis Norman, on October 21st, 2026

The St. Louis metro area now boasts an impressive 9,045 home tour videos in its catalogue, offering a comprehensive view of the region’s real estate landscape. Video walkthroughs have become an essential tool for prospective homebuyers, as they provide a more immersive experience than photographs alone. These videos offer insights into the layout of a home, the steepness of stairs, and the true scale of spaces, which can be difficult to gauge from still images.

In the past 30 days, 218 new tours have been added to the St. Louis home tour video map, with 56 of those added in Continue Reading →

Another Major MLS Stands Up to Compass and Defends an Open Real Estate Marketplace

By Dennis Norman, on October 21st, 2026

Well, it looks like Compass is finding out that not everyone in the MLS industry is willing to give in to its demands. On October 20, 2026, OneKey MLS, which serves New York City, Long Island and the Hudson Valley, announced it was rejecting Compass’s demands to change its rules regarding publicly marketed listings. OneKey joins California Regional MLS (CRMLS) and Texas-based Unlock MLS in standing up to Compass and defending the cooperative MLS system that has served buyers, sellers and real estate professionals for decades.

I’ve been following this battle closely and have written about Compass’s initial threats against Continue Reading →

St Louis City Home Prices Drop 6.94 Percent as Inventory Climbs, October 2026 Market Update

By Dennis Norman, on October 21st, 2026

The standout figure in this month’s St Louis City real estate update is a 6.94% decline in the median sold price for homes compared to last year. In September 2026, homes in St Louis City sold for a median price of $228,000, dropping from $245,000 in September 2025. This is not just a year-over-year dip, prices also fell 2.98% from August 2026, when the median was $235,000. These price shifts are drawing attention from both buyers and sellers, as the market adjusts to new realities.

Inventory and Months of Supply: A Market in Transition

For those considering buying or Continue Reading →

Franklin County Homes Sell for $277,200 Median Price as Inventory Climbs and Market Shifts, October 2026

By Dennis Norman, on October 20th, 2026

The median sold price for homes in Franklin County reached $277,200 in September 2026, according to the chart below, available exclusively from MORE, REALTORS®. This figure marks a 3.82% increase compared to September 2025, when the median sold price was $267,000. However, it’s a slight dip of 0.47% from August 2026, when the median stood at $278,500. For buyers and sellers alike, these numbers underscore a market that’s evolving, with both pricing and inventory dynamics shifting as we head into the fall.

Inventory and Supply Signal a More Balanced Market

For those considering a move in Franklin County, the Continue Reading →

St Louis County Home Prices Up 6.78 Percent Year Over Year as Median Hits $315,000 in October 2026 Market Update

By Dennis Norman, on October 19th, 2026

St Louis County home sellers saw a median sale price of $315,000 in September 2026, up 6.78 percent from $295,000 in September 2025, according to the latest data. While this year-over-year growth is significant, the median price also reflects a 3.08 percent drop from August 2026, when the median reached $325,000. The chart below, available exclusively from MORE, REALTORS®, provides a visual breakdown of these changes and more.

What the Numbers Mean for Buyers and Sellers

For sellers, the 6.78 percent annual gain in median sale price is a clear sign that St Louis County continues to deliver strong Continue Reading →

St. Louis Homes Sell in 21 Days Median, but Time on Market Swings Sharply by Price

By Dennis Norman, on October 18th, 2026

The median time a home spent on the market in the St. Louis area was just 21 days, according to data from MORE, REALTORS® covering October 2025 through September 2026. For anyone buying or selling a home, that number is the real benchmark of what to expect. It means that half of all homes sold in three weeks or less.

For sellers, this number is a clear signal: if your home is priced right and marketed well, you should expect to see serious offers within a few weeks. For buyers, it means that homes move quickly, especially in the Continue Reading →

St. Louis Metro Home Sales Up 3.66 Percent Year-to-Date: What It Means for Buyers and Sellers

By Dennis Norman, on October 17th, 2026

Through the end of September 2026, the St. Louis metro area has seen 26,661 homes sold, reflecting a 3.66 percent increase compared to the 25,720 homes sold over the same period last year. This uptick in transaction volume is a key signal for both buyers and sellers, indicating a subtle but meaningful shift in the local real estate landscape. For those actively navigating the market, understanding how these changes in sales activity affect inventory, competition, and opportunity is essential.

How This Year Compares to Recent Years

One of the most common questions from both consumers and agents is whether Continue Reading →

Compass Sues CRMLS: Is This About Homeowner Choice or Giving Big Brokerages More Control Over Listings?

By Dennis Norman, on October 17th, 2026

Well, as expected, Compass has followed through on its threat to sue California Regional Multiple Listing Service (CRMLS). On October 16, 2026, Compass filed a 49-page federal antitrust lawsuit in California, accusing CRMLS of unlawfully restricting competition by requiring publicly marketed properties to be submitted to the MLS. Compass is seeking substantial damages, potentially tripled under federal antitrust law, and a court order preventing CRMLS from enforcing the rules it is challenging. This comes just 11 days after CRMLS beat Compass to the courthouse by filing its own federal lawsuit in New York.

As I reported in my October 6 Continue Reading →