Market Update
Understanding the 2025 St. Louis Housing Market: What You Need to Know
1. Where things stand today
The St. Louis metro housing market is showing a mix of strength and slowing activity. Home values are up modestly, but sales volume and inventory trends suggest a more cautious landscape. For example:
The typical home value in the region is about $266,378, up ~2.3 % over the past year. Zillow
The number of homes sold year-to-date was down ~6.25% compared to the same period last year. St Louis Real Estate News
In St. Louis County, the median sold price in April-May 2025 reached ~$285,000, a 7.5% increase over the prior year, even as sales declined ~12%. St Louis Real Estate News
2. What’s driving the trends
Several forces are shaping the current market:
Tight supply: Inventory remains constrained in many neighborhoods, which helps support pricing.
Demand still present: Buyers remain active, especially for well-priced properties.
Interest rates & economic headwinds: With borrowing costs elevated and economic uncertainty, some buyers and sellers are pausing or adjusting expectations.
Local strengths: St. Louis remains relatively affordable compared to many metro areas which draws both first-time buyers and investors. bhhsselectstl.com+1
3. Implications for sellers
If you’re considering selling your home:
You’re still in a good position: Prices are rising in many parts of the metro, meaning you could capture strong value.
Price it right: Even with rising values, fewer homes are moving, so pricing, condition, and presentation matter more than ever.
Speed matters: Good homes in the right neighborhoods are selling quickly; you’ll want to be ready with listing strategy, staging, and paperwork.
4. Implications for buyers
If you’re buying:
Actively monitor listings: With competition and relatively low inventory, being pre-approved and ready to move helps.
Focus on value: Since price appreciation is modest, make sure you’re buying with your long-term goals in mind (5-10 years +) rather than expecting rapid price jumps.
Consider condition and location: With fewer “bargain” listings, upgrades, property condition and neighborhood fundamentals matter more for long-term value.
5. Why appraisals matter now more than ever
For both buyers and sellers, a trusted appraisal by someone like Dan Crowley is crucial. Here’s why:
Knowing the true market value helps sellers price competitively without leaving money on the table.
Buyers benefit from clarity — knowing you’re not over-paying and have a realistic basis for negotiation.
Lenders and refinancing clients need accurate valuations in shifting market conditions.
In a market where price growth is modest, your appraisal professional’s local knowledge and experience become a significant advantage.
✅ Bottom line
The 2025 St. Louis housing market is solid but not explosive. Price increases are moderate, and buyers/sellers are operating in a more tempered environment than the frenzied years past. Whether you’re selling, buying, or refinancing, the key is trusted guidance, local expertise, and a realistic understanding of your property’s value.
If you’d like to discuss what this means for your home or property — how to prepare, value it, or decide your next steps — feel free to reach out and schedule a consultation.
