The Missouri housing market is showing steady growth, with home prices continuing their upward trend and a slight pickup in sales activity compared to last year, though still trailing pre-pandemic numbers. It’s clear that while things are looking pretty good, there are definitely some nuances to understand. It’s not the frenzied, bidding-war-every-time market we saw a couple of years ago, but nor is it a buyer’s free-for-all. It feels more… balanced, with some areas showing more heat than others.

Missouri Housing Market Update and Trends

Let’s break down what this means for anyone thinking about buying or selling a home in Missouri right now.

Home Sales: A Gradual Climb Back

Looking at the year-to-date figures from Missouri REALTORS®, it's encouraging to see that 2025 is outperforming 2024 in terms of the number of residential properties sold. We’ve sold 67,866 homes year-to-date by November 2025, a small but positive increase of 0.9% compared to the same period in 2024. This shows that people are still actively buying homes across the state.

However, when you stack these numbers up against November 2023, we’re seeing a slight dip. In November 2025, we sold 5,480 homes, which is 4.9% fewer than the 5,760 homes sold in November 2024, and a tiny bit less than November 2023 (-0.1%). This suggests that while the overall year is improving, month-to-month activity can fluctuate. From my experience, this often happens as the weather cools down and folks tend to wait for the spring market.

What I find really interesting is the comparison to earlier years. Year-to-date sales are currently 12.2% lower than they were in 2022. This is a stark reminder that while sales are improving, we haven't quite reached the peak activity levels we experienced a few years ago. It’s not necessarily a bad thing; a more stable market can be healthier in the long run.

Home Prices: Still on the Rise

This is where things get really interesting for homeowners, and perhaps a bit challenging for buyers. The median residential property selling price has seen consistent growth. Year-to-date, we’re looking at a median price of $275,000 by November 2025. That’s a solid 5.8% jump from 2024 and a more significant 10.0% increase compared to 2023.

Looking at the monthly figures, the median selling price in November 2025 was $279,900. This is 7.7% higher than in November 2024 and a healthy 15.5% higher than in November 2023. Even the average selling price has climbed, reaching $336,090 in November 2025, up 5.1% from last year and 14.1% from two years ago.

My take on this is that while inventory is still a factor, the underlying demand, coupled with the general economic climate, is keeping prices strong. This is great news if you’re thinking of selling, as your home has likely appreciated. For buyers, it means you’ll need to be prepared for these higher price points and potentially bring a bit more to the table.

Housing Supply: A Mixed Bag

The number of available homes is a key piece of the puzzle, and here, the picture is a bit more mixed.

Let’s look at the number of listings from reporting MLSs:

Month	Number of Listings
July-25	15,281
August-25	15,594
September-25	15,701
October-25	16,220
November-25	14,184

As you can see, listings typically build through the summer and fall, peaking in October before a seasonal dip in November. This seasonal trend is normal. What I'm watching closely is whether this number starts to significantly outpace demand.

The fact that 19.2% of listings were pending in November 2025 gives us a good indication of how quickly homes are moving once they hit the market. This isn't a sky-high percentage, suggesting a reasonable pace.

The number of days on market is also a good indicator. In November 2025, homes took an average of 47 days to sell. This is a 14.6% increase from November 2024 and a 30.6% increase from November 2023. This is a very significant trend. It means homes are sitting on the market longer than they have been in recent years. For buyers, this can be a good thing as it allows more time to consider their options and negotiate. For sellers, it means patience might be needed, and pricing strategically is more important than ever.

Market Trends: What’s My Expert Opinion?

Beyond the raw numbers, I see several trends shaping the Missouri housing market:

• Sustained Demand: Despite economic shifts, the desire for homeownership remains strong in Missouri. People are still moving, families are growing, and the state offers a good quality of life and often more affordable options than larger coastal cities.
• Interest Rate Sensitivity: While not explicitly provided in the data, I know from working with clients that interest rates play a huge role. Even small shifts can influence buyer affordability and, consequently, demand. It’s a constant factor we monitor.
• Regional Differences: It’s crucial to remember that Missouri is not a monolith. The market in Kansas City is going to look different from the market in St. Louis, which will look different from a rural town. Some areas are experiencing much tighter inventory and faster appreciation than others. My advice is always to look at the hyper-local data when making a decision.
• The REALTOR® Factor: The data also includes the number of Missouri REALTORS®. We’re seeing a slight decrease in membership from November 2023 to November 2025 (-3.3%). This isn't necessarily a sign of a struggling market, but it can reflect shifts in the profession. Having a good, local REALTOR® is more important than ever to navigate these market conditions.

In summary, the Missouri housing market is in a healthy, albeit more moderate, growth phase. Prices are appreciating, and sales are picking up year-over-year, though homes are taking a bit longer to sell. This offers a more balanced environment for both buyers and sellers compared to the overheated market of the recent past.

Missouri Home Price Forecast for 2026 and 2027: A Look Ahead

Forecasting home prices is always a bit of an art and a science. While I don't have crystal ball access, I can use the current data and broader economic indicators to make some informed predictions.

For 2026:

I anticipate that the positive momentum in home prices we're seeing now will likely continue into 2026. We'll probably see continued, though perhaps more moderate, appreciation.

• Reasoning: The factors driving prices now – steady demand, limited new construction in many areas, and still-tight inventory in desirable locations – aren't likely to disappear overnight. While interest rates are a big mover, if they stabilize or even slightly decrease from current levels, that will continue to support buyer affordability.
• My Expectation: I wouldn't be surprised to see the median home price in Missouri climb another 2% to 5% by the end of 2026. This is a healthy, sustainable growth rate, not the explosive double-digit hikes we’ve witnessed in recent years. This means a home that sold for $275,000 in late 2025 might be valued in the range of $280,500 to $288,750 by the end of 2026.

For 2027:

Looking further out to 2027 becomes even more speculative, as more variables can come into play. However, my current outlook is for a continued trend of steady, sustainable appreciation.

• Reasoning: By 2027, if the economy remains relatively stable and interest rates have found a more consistent rhythm, the market should have settled into a more predictable pattern. The era of rapid price spikes is likely behind us, replaced by a more organic growth driven by population changes and economic opportunities within the state.
• My Expectation: I would project another 2% to 4% increase in the median home price for 2027. This suggests that homes will continue to be a good investment, but the rapid wealth accumulation seen in earlier years will likely be less pronounced. Applying this to our 2026 estimate, a home valued at, say, $285,000 at the end of 2026 could be worth between $290,700 and $296,400 by the end of 2027.

So, while I don't have exact numbers etched in stone, my professional opinion is that we're heading towards a period of stable, healthy appreciation in the Missouri housing market for 2026 and 2027, rather than a boom or bust cycle. It’s a good time to be strategic, whether you’re buying or selling.