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

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 supply side of the market tells an important story. As of now, there are 557 homes on the market, with a months of supply figure at 4.68. In real estate, under about four months of supply is typically seen as a sellers market, where demand outpaces supply and homes move quickly. Over about six months is considered a buyers market, where inventory is plentiful and buyers have more leverage. At 4.68 months, Franklin County sits in a transitional space, no longer an aggressive sellers market, but not yet a clear buyers market either.

This shift is significant for both consumers and real estate professionals. The median days on market is now 53 days, which means homes are taking longer to sell compared to the fast-paced markets seen in recent years. For sellers, this means pricing and presentation are more critical than ever, and working with a knowledgeable agent to position a property competitively is key. For buyers, a higher inventory and longer market times mean more choices and potentially more negotiating room, but sharp pricing on new listings may still drive competition.

Sales Activity and Asking Prices: What Buyers and Sellers Need to Know

Sales activity remains steady, with 119 home sales in September 2026, up 1.71% from 117 in September 2025. Over the past twelve months, a total of 1,325 homes have sold in Franklin County. While homes are selling, the rate of increase in asking prices is notable. The median asking price for homes currently on the market is $315,000, a substantial 14.59% jump from $274,900 in September 2025. The gap between asking and sold prices is a point for both buyers and agents to watch closely, as it may reflect seller expectations or changing market realities.

For real estate agents, this environment calls for careful pricing strategies and clear communication with clients. Overpricing can lead to longer days on the market, while accurately priced homes are more likely to attract serious buyers. Buyers should be aware that while inventory is higher, the best-priced homes still attract attention and may move quickly, especially if they align with current buyer preferences.

Mortgage Rates and Market Implications

The going 30 year fixed mortgage rate is now 7.43%. This elevated rate is a key factor for both buyers and sellers to consider in their decision-making. Buyers may face higher monthly payments, which could affect affordability and the pool of qualified purchasers. Sellers may encounter a more selective group of buyers as a result, making proper marketing and presentation even more important.

Ultimately, Franklin County’s real estate market is showing signs of balance, with inventory and days on market rising, but with prices holding steady compared to last year. Whether you are buying, selling, or advising clients, understanding the current numbers and what they mean for negotiations and expectations is essential. For a detailed visual breakdown, see the chart below, available exclusively from MORE, REALTORS®.

More St. Louis real estate coverage

• 37.2% of St. Louis Homes Sold Over Asking: What It Means for Buyers and Sellers
• Nearly Half of St. Louis Sellers Cut Asking Prices, with Average Reductions Over $24,000
• September 2026 Franklin County Real Estate Market Update: Trends and Insights
• August 2026 Franklin County Real Estate Market Update: Rising Prices and Steady Sales

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 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 returns compared to last year. However, the month-to-month dip from August to September indicates some cooling in the market, a trend sellers should keep in mind when pricing their homes or considering timing.

Buyers will notice a striking shift in asking prices. The median asking price for homes on the market is now $239,900, down 18.12 percent from $293,000 in September 2025. This drop in listed prices may present more opportunities for buyers, especially those who were previously priced out. However, with the current 30 year fixed mortgage rate at 7.37 percent, affordability remains a challenge despite the lower asking prices.

Market Dynamics: Supply, Demand, and Timing

Inventory has grown, with 4,392 homes currently on the market in St Louis County. Over the past twelve months, 13,082 homes have sold, and September 2026 saw 1,092 home sales, a slight decrease of 2.76 percent from 1,123 in September 2025. This dip in sales volume, combined with the increase in active listings, suggests a market that is shifting toward balance.

The months of supply metric currently sits at 4.02. Generally, a market with under four months of supply is considered to favor sellers, while over six months leans toward buyers. At just over four months, St Louis County is in a transitional phase. Sellers still have the advantage, but buyers are gaining leverage as inventory increases and homes take longer to sell.

The median days on market is now 53 days. This means it is taking longer for homes to go under contract compared to the rapid sales pace seen in hotter markets. For sellers, patience is more important than ever, and strategic pricing is crucial. For buyers, the longer market time can mean more negotiation room and less pressure to make immediate decisions.

Key Takeaways for Agents and Consumers

For real estate agents, these dynamics require a nuanced approach. Sellers need guidance on setting realistic prices in light of the drop in asking prices and increased competition. Buyers need help navigating higher mortgage rates and identifying value as more inventory becomes available. Agents who focus on clear communication, accurate pricing strategies, and strong negotiation skills will serve both their clients and their business well in this evolving market.

For consumers, the current environment means carefully weighing the pros and cons. Sellers can still capture gains over last year, but should not expect the rapid price growth or quick sales of previous months. Buyers will find more options and less competition at the offer table, but must be mindful of higher borrowing costs. The chart below, available exclusively from MORE, REALTORS®, offers additional insights into these trends and can help both buyers and sellers make informed decisions.

More St. Louis real estate coverage

• St. Louis Homes Sell in 21 Days Median, but Time on Market Swings Sharply by Price
• Jefferson County Home Prices Rise 3.97 Percent to $301,500, Inventory Up in October 2026 Market Update
• 37.2% of St. Louis Homes Sold Over Asking: What It Means for Buyers and Sellers
• Nearly Half of St. Louis Sellers Cut Asking Prices, with Average Reductions Over $24,000

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 →]]>

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 most popular price ranges. Waiting too long to make a decision can mean missing out. The median tells you what is typical, while the average, at 39.3 days, gets pulled up by a smaller group of homes that linger much longer on the market. That gap matters, because it shows that most homes sell faster than the average suggests.

Why the Median Matters More Than the Average

The difference between the median (21 days) and the average (39.3 days) is not just a statistical quirk. It reflects the reality that while many homes sell fast, a minority sit unsold for months. Relying on the average alone can give buyers and sellers a distorted view, making the market look slower than it is for most transactions. A year earlier, the median was 23 days and the average was 39 days, so the typical sale has actually sped up slightly.

Here’s how the 35,343 closed sales broke down by time on market:

• A week or less: 36.3% (12,845 sales)
• 8 to 14 days: 8.1% (2,880 sales)
• 15 to 30 days: 14.0% (4,948 sales)
• 31 to 60 days: 20.8% (7,336 sales)
• 61 to 90 days: 8.8% (3,115 sales)
• More than 90 days: 11.9% (4,219 sales)

For agents and sellers, this breakdown is a reality check. Over a third of homes sell in a week or less, and nearly 60 percent sell within a month. If your listing is still on the market after two months, it is in a small minority.

Price Drives How Fast Homes Sell

The time it takes to sell a home in St. Louis varies sharply by price. The fastest-moving segment is homes priced at $600,000 and up, with a median of just 9 days and an average of 38.4 days across 3,697 sales. In contrast, homes under $150,000 had a median of 32 days and an average of 50.9 days over 5,957 sales. That is a difference of more than three weeks in the typical selling time between the lowest and highest price bands.

Here are the median days on market by price band:

• Under $150,000: 32 days
• $150,000 to $249,999: 26 days
• $250,000 to $399,999: 17 days
• $400,000 to $599,999: 15 days
• $600,000 and up: 9 days

For buyers, this means higher-priced homes are moving extremely quickly, and hesitation can be costly. For sellers in the lower price ranges, the process may take longer, but the majority still sell within a month.

How Location Affects Market Time

Average days on market also varies by county. St. Louis County, Missouri, saw the fastest pace at 31.9 days on average, followed by St. Charles County at 33.5 days. The slowest average was in Monroe County, Illinois, at 51.3 days. These numbers reinforce that both price and location shape how long a sale takes, and that the median is a better guide for most sellers and buyers than the average.

Whether you are an agent advising clients or a family planning a move, knowing the typical time on market, especially by price range, can help set realistic expectations and support smarter decisions. The St. Louis area remains a market where most homes sell fast, but the details matter.

More St. Louis real estate coverage

• St. Louis Metro Home Sales Up 3.66 Percent Year-to-Date: What It Means for Buyers and Sellers
• Compass Sues CRMLS: Is This About Homeowner Choice or Giving Big Brokerages More Control Over Listings?
• Fastest Selling Zip Codes in St. Louis: Where Homes Are Moving Quickest Right Now
• Jefferson County Home Prices Rise 3.97 Percent to $301,500, Inventory Up in October 2026 Market Update

This article is provided for general information only and is not legal advice. It summarizes a source document and may not reflect the most recent changes to the law, and it is not a substitute for advice from a licensed attorney about your own situation. Consult an attorney before acting on anything described here.

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

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 this year’s pace of home sales is typical or if it represents a significant departure from the recent past. The year-to-date figure of 26,661 homes sold is not only up from last year’s 25,720 but, when measured against four years ago, this year represents an increase of 0.00 percent. In other words, the current sales pace is almost exactly where it stood four years back, suggesting a return to a level that might be considered a new normal for the St. Louis metro area.

It’s important to note that, according to the available data, there were zero sales recorded at this point in September for the years 2024, 2023, and 2022. This could be due to data collection differences or reporting lags, but the consistent comparison available is with last year and four years ago. The year-over-year growth of 3.66 percent in closed transactions shows a modest, steady market rather than dramatic swings in activity.

What Increased Home Sales Mean for Buyers and Sellers

For buyers, a higher number of home sales typically translates to more active listings and potentially more choices. As of now, there are 12,419 homes on the market across the St. Louis metro area. This inventory equates to 4.13 months of supply, a figure that suggests the market is balanced, though it leans slightly in favor of sellers. The median time on the market stands at 54 days, which means homes are taking just under two months to sell on average. This is a key metric for buyers deciding how quickly to act and for sellers gauging how long their home might be listed before going under contract.

For sellers, the increase in transaction volume means there are more buyers completing purchases, but also more homes being listed. With 12,419 homes currently available, sellers face real competition. The 4.13 months of supply indicates that while homes are moving, they are not flying off the shelves overnight. Sellers should expect to compete on presentation, condition, and marketing, working closely with their real estate professionals to stand out. The median 54 days on market further underscores that patience and preparation are required in today’s environment.

For agents, these numbers highlight the importance of accurate pricing and strategic marketing. With transaction volume up, opportunities abound, but so does the need for diligence and client education. Buyers may find themselves with more options but should be prepared for steady demand, especially with the current 30-year fixed mortgage rate at 7.37 percent influencing affordability and purchasing decisions.

Putting the Numbers in Context

In summary, the St. Louis metro area is experiencing a modest but meaningful increase in home sales so far in 2026, bringing transaction volume back to levels seen four years ago. For both buyers and sellers, this means a market that is active but not overheated, with a healthy number of listings and a balanced pace of sales. Agents and consumers alike benefit from understanding these trends and using them to inform their strategies in the months ahead.

For those interested in a detailed look at the full sales history, MORE, REALTORS® provides a comprehensive chart at the end of this article. Staying informed about transaction volume helps all participants in the St. Louis real estate market make confident, data-driven decisions.

More St. Louis real estate coverage

• St. Louis Metro Area Real Estate Trends: A Look at YTD Home Sales in 2025
• St. Louis Metro Area Real Estate Trends: A Look at YTD Home Sales in 2025
• St. Louis Metro Area Real Estate Trends: A Look at YTD Home Sales in 2025
• From Record Peaks to New Norms: January Home Sales Trends in St. Louis

As I reported in my October 6 Continue Reading →]]> 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 article, CRMLS Sues Compass First in Battle Over Private Listings and MLS Cooperation, CRMLS wasn’t willing to simply wait around for Compass to make good on its threats. CRMLS asked a federal court to declare its cooperation rules lawful and prevent Compass from pursuing the threatened antitrust claims. Now we have lawsuits on both sides, and what started as a dispute over private listings has become a legal fight that could have implications for MLS organizations throughout the country, including MARIS here in St. Louis.

What I find most troubling about Compass’s position is that it seems to want the benefits of MLS cooperation without necessarily providing the same cooperation in return. The MLS works because competing brokers agree to share their listings, making them available to other brokers and their buyers. Compass wants to continue benefiting from that shared inventory while having the ability to publicly market some of its own listings outside the MLS. Compass argues this gives sellers more choices, but I think there’s a legitimate question about whether it also gives large brokerages an advantage over smaller competitors and the buyers they represent.

Compass makes some attention-getting claims in its lawsuit, including that homes marketed through its phased marketing program sold for 4.6% more, spent 34% fewer days on the MLS and experienced 29% fewer price reductions than homes placed directly into the MLS. However, those are Compass’s own figures, and they don’t establish that its marketing approach caused those results. More importantly, even if a particular marketing strategy benefits some sellers, that doesn’t automatically mean an MLS rule requiring cooperation when a property is publicly marketed violates antitrust law.

Another interesting part of Compass’s complaint is its argument that CRMLS is controlled by competing brokers who are using the MLS to restrict competition. Of course MLS organizations are governed by real estate professionals, and those professionals often compete with one another. That’s been the nature of the cooperative MLS model for decades. The legal question is whether the rules they adopt unlawfully restrict competition, not simply whether competing brokers serve on the board. CRMLS maintains that its rules are intended to preserve the cooperation and transparency that make the MLS valuable to consumers.

Here’s why this matters to St. Louis homeowners and buyers. Imagine you’re looking for a home in St. Louis and working with an agent you trust. You find a property being publicly advertised by another brokerage, but that property isn’t available through the MLS your agent uses. Compass says buyers and agents outside its brokerage can still request information and access its listings, but that doesn’t necessarily provide the same level of visibility or convenience as having those listings available through the cooperative MLS system. It also raises the question of why buyers should have to take additional steps to learn about a publicly marketed home simply because they’ve chosen to work with a different brokerage.

I have no problem with a homeowner deciding to keep a property private. There are legitimate reasons for doing that, and sellers should have that choice. But when a brokerage starts publicly advertising a property, I believe that’s a different situation entirely. At that point, it seems reasonable to expect a brokerage participating in the MLS cooperative to share that listing with the other brokers who contribute their own listings to the same system. After all, cooperation is supposed to work both ways.

Here in St. Louis, MARIS provides that cooperative marketplace, allowing brokers of all sizes to compete for buyers and sellers while sharing access to property listings. Having been in this business for more than 45 years, I’ve seen firsthand how important that cooperation is, particularly for independent brokerages and their clients. If the industry moves toward a system where the largest brokerage companies can build their own inventories of publicly marketed properties outside the MLS while still accessing everyone else’s listings, I have a hard time seeing how that improves competition or benefits buyers.

Ultimately, I believe CRMLS is defending an important principle here. Real estate brokers should compete based on the quality of their service, knowledge, expertise and the value they provide consumers, not on their ability to control access to homes for sale. Compass certainly has the right to challenge rules it believes violate antitrust law, and the courts will decide those legal questions. However, I think CRMLS has a strong argument that requiring brokers to cooperate when they publicly market listings is fundamentally different from preventing competition.

We’ll have to see how the courts handle these competing lawsuits, but the stakes are significant. A ruling against CRMLS could have consequences for MLS cooperation rules across the country, while a ruling in its favor could strengthen the ability of MLS organizations to require participating brokers to share publicly marketed listings. Either way, this is a legal battle that deserves the attention of St. Louis homeowners, buyers and real estate professionals, because the outcome could help shape how homes are marketed and sold for years to come.

Read the complete 49-page federal antitrust lawsuit filed by Compass against CRMLS on October 16, 2026.

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The data, compiled by MORE, REALTORS®, ranks only those areas with at least 15 Continue Reading →]]>

The St. Louis real estate market continues to show brisk activity, with certain zip codes standing out for their exceptionally fast-moving listings. Topping the list this month is zip code 63143 in St. Louis City, where homes are selling at a remarkable pace. With 15 listings averaging just 23 days on the market and an average asking price of $296,240, 63143 demonstrates the kind of demand that both buyers and sellers need to pay attention to in today’s market.

Top Five Fastest Selling Zip Codes

The data, compiled by MORE, REALTORS®, ranks only those areas with at least 15 homes currently for sale. This approach ensures that the rankings reflect true market conditions and are not skewed by a single quick sale in a very small area. Here’s how the top five zip codes stack up this month:

• 63143 (St. Louis City): 15 listings, 23 days on market, $296,240 average asking price
• 63088 (St. Louis): 22 listings, 26 days on market, $380,973 average asking price
• 63109 (St. Louis City): 72 listings, 33 days on market, $294,161 average asking price
• 62294 (Madison-IL): 24 listings, 40 days on market, $482,638 average asking price
• 63077 (Franklin): 22 listings, 41 days on market, $341,520 average asking price

In 63088, 22 listings are averaging just 26 days on the market, with an average asking price of $380,973. Meanwhile, 63109 in St. Louis City sees 72 active listings moving within an average of 33 days, and the average asking price there is $294,161. Across the river in Madison County, Illinois, zip code 62294 has 24 listings averaging 40 days on the market and an average asking price of $482,638, while 63077 in Franklin County rounds out the top five with 22 listings averaging 41 days and an average asking price of $341,520.

What a Fast Market Means for Buyers and Sellers

For buyers, a short average time on the market means competition is fierce. In zip codes like 63143, where homes are selling in just over three weeks on average, buyers need to be prepared to act quickly. This often means having financing pre-approved, being ready to tour homes as soon as they are listed, and making strong, competitive offers. Hesitation can lead to missing out on desirable properties, as listings in these areas simply do not last long.

Sellers in these fast-moving zip codes can benefit from the high demand, but that does not mean pricing can be set at any level. Even in a quick market, overpricing a home can result in it sitting unsold while comparable properties move. The key is to work with a knowledgeable real estate agent who understands local pricing trends and can help set a price that attracts competitive offers without leaving money on the table. Homes that are priced correctly and presented well are the ones that sell fastest, as the data in these top zip codes clearly shows.

For agents, understanding which areas are moving fastest is crucial for advising clients. It can help buyers prioritize their search and give sellers realistic expectations about how quickly their home may sell. It also underscores the importance of professional marketing and pricing strategies in a market where days on market are consistently low.

Complete List of Fastest Selling Zip Codes

The complete list of the fastest selling zip codes in the St. Louis metropolitan area, including those in Madison and St. Clair counties in Illinois as well as several Missouri counties, is available at the end of this article. These rankings provide valuable insight for anyone considering buying or selling a home, as well as for real estate professionals who need to stay on top of local market trends.

Whether you are a buyer hoping to secure your next home or a seller looking to maximize your return, understanding where homes are selling fastest can help you make more informed decisions. For more detailed information and expert guidance, the professionals at MORE, REALTORS® are always ready to assist.

Complete list of the fastest selling zip codes:

• 1. 63143 (St Louis, St Louis City): 15 listings, 23 days, $296,240
• 2. 63088 (St Louis): 22 listings, 26 days, $380,973
• 3. 63109 (St Louis City): 72 listings, 33 days, $294,161
• 4. 62294 (Madison-IL): 24 listings, 40 days, $482,638
• 5. 63077 (Franklin): 22 listings, 41 days, $341,520
• 6. 62035 (Madison-IL): 19 listings, 41 days, $276,942
• 7. 63005 (St Louis): 42 listings, 44 days, $1,211,595
• 8. 62234 (Madison-IL, St Clair-IL): 41 listings, 44 days, $242,607
• 9. 62258 (St Clair-IL): 23 listings, 45 days, $357,326
• 10. 63139 (St Louis City): 59 listings, 46 days, $322,574

More St. Louis real estate coverage

• Fastest Selling Zip Codes in the St. Louis Metro Area
• Affton 101 Tops List of Fastest Selling School Districts in St. Louis Metro
• St. Louis Metro Home Sales Surge in 2026: A Promising Market for Buyers and Sellers
• Discover the Fastest Selling Zip Codes in the St. Louis Metro Area

The 30 year fixed mortgage rate currently stands at 7.45%. Compared to the previous reading, this rate has moved by -0.01%. Mortgages across all tracked products are at elevated levels above 7%, reflecting a national trend of rising rates as reported by Mortgage News Daily. These average rates offer a clear reference point for both St. Louis home buyers and real estate professionals weighing financing, pricing, and affordability in the local market.

For home buyers in St. Louis, a 30 Continue Reading →]]>

30 Year Fixed Mortgage Rate Overview

The 30 year fixed mortgage rate currently stands at 7.45%. Compared to the previous reading, this rate has moved by -0.01%. Mortgages across all tracked products are at elevated levels above 7%, reflecting a national trend of rising rates as reported by Mortgage News Daily. These average rates offer a clear reference point for both St. Louis home buyers and real estate professionals weighing financing, pricing, and affordability in the local market.

How Current Mortgage Rates Affect St. Louis Buyers and Sellers

For home buyers in St. Louis, a 30 year fixed mortgage rate of 7.45% has a direct impact on monthly payments and overall purchasing power. Higher mortgage rates mean larger monthly principal and interest payments for the same loan amount compared to periods of lower rates. Here is what this means in practical terms:

• On a $200,000 home with 20% down, the monthly principal and interest payment at 7.45% for a $160,000 loan is $1,113.
• On a $300,000 home with 20% down, the monthly principal and interest payment at 7.45% for a $240,000 loan is $1,670.
• On a $400,000 home with 20% down, the monthly principal and interest payment at 7.45% for a $320,000 loan is $2,227.

For buyers considering a shorter loan term, the 15 year fixed mortgage rate is at 7.14%. The corresponding monthly payments, based on the same home prices and down payment, are:

• $1,451 per month for a $160,000 loan on a $200,000 home
• $2,176 per month for a $240,000 loan on a $300,000 home
• $2,901 per month for a $320,000 loan on a $400,000 home

With rates at these levels, buyers often find their maximum loan qualification amount is lower than it would be at lower rates, which can lead to reevaluating price ranges or down payment strategies. Monthly payment is often the most important factor in a buyer’s decision, so understanding where payments land at prevailing rates is essential for setting expectations and making informed choices.

For sellers, current mortgage rates directly shape the pool of potential buyers for any listing. Elevated rates mean that fewer buyers may qualify for higher-priced homes, and some may need to adjust their search to lower price points. Sellers and their agents should be mindful that affordability is top-of-mind for buyers, and pricing a home realistically in relation to current financing costs can be critical for a successful sale. In some cases, sellers may consider offering concessions toward buyer closing costs or rate buydowns to help offset the impact of high rates, though these strategies should be weighed carefully in consultation with a knowledgeable agent.

It is important for both buyers and sellers to recognize that the rates quoted here are national averages, not guaranteed offers to any individual borrower, and that actual rates may vary based on credit profile, loan type, and lender policies. The information provided here is intended for reference to help frame expectations and guide conversations between consumers and real estate professionals.

Comparing Loan Options: 30 Year, 15 Year, FHA, and Adjustable Rates

St. Louis buyers have several mortgage options available, each suiting different needs and financial situations:

• 30 Year Fixed: With a current average rate of 7.45%, this loan spreads payments over 30 years, resulting in lower monthly payments compared to shorter-term loans. It is popular for buyers seeking stability and predictable costs over a long period.
• 15 Year Fixed: At 7.14%, this option features higher monthly payments but allows borrowers to pay off their home faster and pay less total interest over the life of the loan. It tends to suit buyers with higher income or those focused on building equity quickly.
• 30 Year Jumbo: The jumbo loan rate is currently 7.62%. Jumbo loans are for amounts above conforming loan limits and are often used for higher-priced homes. Requirements can be more stringent, and rates are typically higher than conforming loans.
• 30 Year FHA: Averaging 7.13%, FHA loans are government-backed and generally designed to help buyers who may have lower credit scores or smaller down payments. These can be useful for first-time buyers, but come with additional mortgage insurance requirements.
• 7/6 SOFR Adjustable: Currently at 6.85%, this adjustable-rate mortgage starts with a fixed rate for seven years, then adjusts every six months. It can offer lower initial payments but involves more risk if rates rise in the future. Some buyers use this product if they plan to move or refinance before the rate adjusts.

The best loan type depends on individual circumstances, risk tolerance, and how long the buyer expects to hold the mortgage. Real estate agents and loan officers can help clients compare options and understand the implications of each choice.

Why Tracking Mortgage Rates Matters in St. Louis Real Estate

Keeping up with mortgage rates is crucial for everyone involved in the St. Louis real estate market. Home buyers need to understand how rates affect affordability and qualification, while sellers and their agents must recognize how rate-driven shifts in buying power influence demand for their listings. Real estate professionals rely on up-to-date rate information to provide accurate advice, set realistic expectations, and structure deals that work for all parties.

For a full historical look at mortgage rate movements and trends, use the rate chart button below to see the complete data. Regularly updating this information ensures that buyers, sellers, and agents can make decisions based on the most current and accurate market conditions.

All rate averages cited are from Mortgage News Daily and are not quotes for any specific borrower. For custom loan scenarios, consumers should consult directly with lenders or mortgage professionals. This page is published by Dennis Norman of MORE, REALTORS®, and is intended as a resource for both consumers and real estate professionals in the St. Louis area.

*Rates shown are national averages from Mortgage News Daily’s Rate Index and are updated as of October 15, 2026. Individual rates may vary based on factors including loan amount, down payment, credit score, property type, occupancy status, and market conditions. Contact a licensed mortgage professional for personalized rate quotes.

With 841 homes currently on the market and 2,991 homes sold over the past twelve months, Continue Reading →]]>

Jefferson County homes sold for a median price of $301,500 in September 2026, up 3.97 percent from $290,000 in September 2025, according to the chart below, available exclusively from MORE, REALTORS®. This steady year-over-year price growth shows market resilience even as monthly figures show a decrease from August 2026, when the median was $315,000. For buyers and sellers alike, these numbers underscore the importance of understanding current market dynamics before making a move.

Supply and Demand: A Seller’s Market, But with a Shift

With 841 homes currently on the market and 2,991 homes sold over the past twelve months, Jefferson County’s inventory translates to 3.29 months of supply. Generally, anything under four months is considered a seller’s market, while over six months tips in favor of buyers. At 3.29 months, sellers still have the upper hand, but the market is not as tight as it was during peak periods in recent years. Buyers are seeing a bit more breathing room, but competition remains significant for well-priced properties.

Median days on market is now at 50 days, a figure that provides critical insight for both sides of a transaction. For sellers, this means properties are taking longer to move compared to ultra-fast markets of the past, so patience and strategic pricing are key. For buyers, 50 days on market suggests there is time to consider options, but homes are still moving at a moderate pace, especially those that are priced right and presented well.

Pricing Trends and What They Mean for Your Transaction

The median asking price for homes listed in Jefferson County is $324,900, up 9.58 percent from $296,500 in September 2025. This gap between asking and sold prices highlights the importance of accurate pricing strategies for sellers. Overpricing a home could result in extended days on market, while buyers may find opportunities to negotiate, especially if a property has been listed for a while.

Sales activity is also on the rise, with 256 homes sold in September 2026, a 4.92 percent increase from 244 in September 2025. This uptick in transactions signals that demand remains strong, even as buyers face a 30-year fixed mortgage rate of 7.45 percent. Higher rates may influence affordability, but the continued pace of sales shows that motivated buyers are still active in the market.

Key Takeaways for Buyers, Sellers, and Agents

For buyers, the current market means acting decisively when the right property becomes available, but also taking the time to evaluate options as homes are staying on the market longer than in recent years. Sellers should be aware that while demand remains healthy, pricing competitively and preparing homes for sale are more important than ever to attract serious offers quickly.

For real estate agents, these trends reinforce the value of providing clients with up-to-date, hyper-local data and strategic guidance. Understanding the nuances behind the months of supply, median days on market, and the spread between list and sale prices can make the difference in helping clients achieve their goals in a changing market.

For a detailed breakdown of these numbers and more, see the chart below, available exclusively from MORE, REALTORS®. Staying informed is essential, whether you are buying, selling, or advising clients in Jefferson County’s evolving real estate landscape.

More St. Louis real estate coverage

• 37.2% of St. Louis Homes Sold Over Asking: What It Means for Buyers and Sellers
• Jefferson County Real Estate Market Update: September 2026
• August 2026 Jefferson County Real Estate Market Update: Rising Home Prices and Market Trends
• Jefferson County Real Estate Market Update: July 2026

For buyers, the fact that more than a third of homes are selling above asking means competition is still real, even if it is not as intense as it was Continue Reading →]]>

In the past year, 37.2% of homes sold in the St. Louis metropolitan area closed for more than their asking price, according to data from MORE, REALTORS®. With over one in three sales topping the list price, both buyers and sellers face a market that still rewards strong pricing strategies and competitive offers, even as the frenzy of recent years has cooled.

What Selling Over Asking Means for Buyers

For buyers, the fact that more than a third of homes are selling above asking means competition is still real, even if it is not as intense as it was in 2022 when 50.3% of homes sold over asking. In the October 2025 through September 2026 period, homes that sold above list went for an average of $18,790 more than the asking price. That is a meaningful gap, and it can be the difference between winning and losing a home in a multiple-offer situation.

Buyers should be aware that while 37.2% of homes sold over asking, another 21.0% sold right at the asking price. That means nearly 60% of buyers paid at or above list. In practical terms, buyers should be prepared for the possibility that a strong offer may need to include a price above the list, especially in the most competitive areas or for move-in ready homes. At the same time, with 42.8% of homes selling below asking, there are still opportunities for negotiation, particularly if a home has been on the market for a while or needs work.

Across all sales, the average sale price was 99.5% of the asking price. That means most buyers are paying close to what sellers are asking, but not always more. Compared to the previous year, when the average sale was 99.6% of asking, buyers are seeing only a slight shift in their favor.

What Selling Over Asking Means for Sellers

For sellers, the data shows that pricing strategy remains crucial. Setting a realistic asking price can still generate multiple offers and push the final sale above list. However, the days when more than half of homes sold over asking are behind us. The share of homes selling over asking has dropped each year since 2022, when it was 50.3%, to 45.3% in 2023, 41.1% in 2024, and now 37.8% in 2025. In 2026, the share ticked up slightly to 38.5%, but the overall trend is clear: the market is still strong, but no longer overheated.

For sellers, this means it is important to price homes at market value rather than aiming high and hoping for a bidding war. Overpricing can result in a home sitting on the market and eventually selling below asking. At the same time, with an average premium of $18,790 for homes that do sell over list, there is still real upside for well-prepared, well-marketed properties.

• St Louis County, Missouri: 41.0% sold over asking
• St Charles County, Missouri: 38.5% sold over asking
• Jefferson County, Missouri: 43.1% sold over asking
• Madison County, Illinois: 33.7% sold over asking
• St Clair County, Illinois: 31.7% sold over asking
• The City of St. Louis: 33.3% sold over asking
• Franklin County, Missouri: 32.7% sold over asking
• Lincoln County, Missouri: 34.4% sold over asking

These numbers show that the likelihood of selling over asking varies by county, with Jefferson County leading the way at 43.1% and Franklin County at the lower end with 32.7%.

How Agents and Clients Can Use This Data

Whether you are a buyer, seller, or real estate agent, understanding these trends is essential for setting expectations and strategy. Agents can use this data to help sellers set realistic prices and to guide buyers on when and how much to offer. For buyers, knowing that more than a third of homes still sell over asking can help avoid disappointment and ensure competitive but informed offers. For sellers, it is a reminder that while the market remains strong, careful pricing and preparation are more important than ever.

With 35,150 closed sales in the past year and an average sale price at 99.5% of asking, the St. Louis market remains active and competitive. Both buyers and sellers benefit from understanding the numbers and working with professionals who know how to interpret them in real time.

More St. Louis real estate coverage

• Nearly Half of St. Louis Sellers Cut Asking Prices, with Average Reductions Over $24,000
• O’Fallon Home Prices Hold at $380,000 Median as Sales Volume Rises: Market Update September 2026
• Metro East Home Prices Jump 6.98 Percent to $230,000, Inventory Remains Tight in October 2026
• St Charles County Median Home Price Hits $370,000, Up 4.23 Percent Year Over Year, October 2026 Market Update

Video walkthroughs have become an invaluable tool for homebuyers. Unlike traditional photographs, these videos provide a comprehensive view of a property. They allow viewers to understand how rooms connect, assess the steepness of stairs, and gauge the true size of spaces. This visual Continue Reading →]]> The St. Louis home tour video map now features a remarkable 8,984 video tours across 313 markets, offering potential buyers and curious viewers an extensive look into the region’s real estate. With 201 new tours added in the last 30 days, including 56 in the past week alone, the map continues to expand its reach and utility.

Video walkthroughs have become an invaluable tool for homebuyers. Unlike traditional photographs, these videos provide a comprehensive view of a property. They allow viewers to understand how rooms connect, assess the steepness of stairs, and gauge the true size of spaces. This visual clarity can be crucial for making informed decisions, especially when considering properties from afar.

Among the markets contributing the most new tours, St. Louis, MO, leads with 66 additions. Other notable areas include Ballwin, MO, with 13 new tours, and Saint Charles, MO, which added 11. These areas continue to draw interest, offering a wide variety of homes for different tastes and needs.

The most watched tours highlight the appeal and curiosity surrounding certain properties. The tour of 1410 Fournier Dr in Crestwood, MO, tops the list with an impressive 187,422 views. Other popular tours include 1225 Woodside Drive in Arnold, MO, with 35,126 views, and 3537 Crittenden St in St. Louis, MO, with 32,952 views. These videos not only showcase available homes but also provide insight into what has been sold, giving a realistic view of neighborhoods and streetscapes.

Whether you’re actively searching for a new home or simply exploring the market, the St. Louis home tour video map is a valuable resource. We invite you to search the map by address and discover the unique properties within the St. Louis metro area.

Newest St. Louis area tours

• 7449 Washington Avenue in University City, MO (Oct 13)
• 2908 Westminister Drive in Saint Charles, MO (Oct 13)
• 105 Providence Ridge Court in Wentzville, MO (Oct 13)
• 1154 King Carey Drive in St Louis, MO (Oct 13)
• 6028 Minnesota Avenue in St Louis, MO (Oct 13)
• 4980 Lockwig Trl in Florissant, MO (Oct 13)

Markets adding the most tours

• St Louis, MO: 66 new tours in the last 30 days
• Ballwin, MO: 13 new tours in the last 30 days
• Saint Charles, MO: 11 new tours in the last 30 days
• Wentzville, MO: 9 new tours in the last 30 days
• Pacific, MO: 9 new tours in the last 30 days
• Florissant, MO: 8 new tours in the last 30 days

Search the St. Louis home tour video map