St. Louis is shifting toward balance. In September 2026 the City and County median price was $340,000, up 7.3% from a year earlier, while inventory rose 15.4% to 3,692 homes (2.8 months of supply) and homes averaged 31 days on market. Prices are still rising, but buyers have more choices and more room to negotiate than last year.
The latest numbers
| Measure | September 2026 | Change from a year ago |
|---|---|---|
| Median price (City + County) | $340,000 | +7.3% |
| Homes for sale | 3,692 | +15.4% |
| Months of supply | 2.8 | +16.7% |
| Average days on market | 31 | up from 29 |
| Closed sales | 1,302 | -4.9% |
| Pending sales | 1,176 | -16.1% |
Source: St. Louis REALTORS, September 2026 report. Condos: median $217,500 (-4%), 60 days on market.
What it means
Months of supply under about 4 months usually favors sellers; 6 or more favors buyers. At 2.8 months, St. Louis still leans toward sellers, but supply is climbing and pending sales are down, so the balance is moving.
Rates
The 30-year fixed averaged 7.24% the week of 10/29/2026 (Freddie Mac PMMS). Purchase applications rose 4% that week but were 18% below a year earlier (MBA). Buyers are focused on the monthly payment.
For sellers
- Price to recent sales, not last year's headlines
- Presentation and condition decide which homes get the showings
- A seller credit used as a rate buydown can do more than the same dollars off the price
For buyers
- More homes to choose from and more time to decide
- Room to negotiate repairs, credits and terms
- Get lender-ready before you shop
Your neighborhood may differ
Metro averages hide big differences. Ask for your neighborhood's numbers, or see the Concord Oaks report.
Get your local plan
Your Clear Path Plan uses your blocks, not the metro average. Get your Clear Path Plan.
How to read these numbers
- Median price shows the middle of all sales; your neighborhood may differ.
- Days on market shows how long homes take to go under contract on average.
- Months of supply compares inventory with the pace of sales.
- Pending sales hint at next month's closings.
What would change the picture
- Mortgage rates moving meaningfully up or down
- A jump in new listings in spring
- Local job news (no major new St. Louis layoff or hiring announcement was found in early November 2026)
We update this page monthly when St. Louis REALTORS publishes new numbers.
Neighborhood examples
- Concord (63128): Redfin showed a median of 8 days on market in September 2026, much faster than the metro average.
- Soulard (63104): Realtor.com showed a median of 58 days on market in early November 2026.
- City of St. Louis: median sale price about $249,881 and 23 median days on market in September 2026 (Redfin).
Same metro, very different speeds. That is why a plan for your home uses your neighborhood's numbers.
How St. Louis compares nationally
Nationally, existing-home sales were 3.98 million (annualized) with 4.9 months of supply and a median price of $429,100 in September 2026 (NAR). St. Louis has lower prices and less supply than the national average, which keeps it more balanced than many markets.
Rates and the Fed
The Federal Reserve held rates at its October 28 meeting; the next meeting is December 8 to 9. Mortgage rates move with the bond market, so watch weekly changes and talk with your lender before you lock.
Market data based on information from Mid America Regional Information Systems, Inc. for the period 9/1/2026 through 9/30/2026, as reported by St. Louis REALTORS. Information deemed reliable but not guaranteed.
Bottom line for this month
Prices are still higher than a year ago, but buyers have more homes to choose from and more time to decide. Sellers who prepare well and price to recent local sales are still selling. Buyers who are preapproved can negotiate terms that would have been hard to get a year ago.
Frequently asked questions
Are home prices going down in St. Louis?
As of September 2026, the City and County median was up 7.3% year over year, while condo prices were down 4% (St. Louis REALTORS).
How many months of inventory does St. Louis have?
About 2.8 months in September 2026, up from a year earlier.
Is now a good time to buy in St. Louis?
More inventory gives buyers more choice and negotiating room. The right time depends on your budget and plans.
How long do homes take to sell in St. Louis?
Homes averaged 31 days on market in September 2026 (St. Louis REALTORS). See the full timeline guide.
About the author: Stephanie Muhlenfeld, PMP, REALTOR® with LPT Realty. Stephanie helps buyers and sellers across St. Louis City and St. Louis, St. Charles, Jefferson and Franklin Counties move with a plan, not pressure. (314) 597-7494.
LPT Realty (417) 813-1762