St. Louis Real Estate Market Update

October’s St. Louis housing numbers point to more options for buyers and more competition for sellers. Inventory increased and sales slowed compared with last year, while median sale prices rose for both single-family homes and townhouses and condos. Homes are still selling, but buyers have more room to weigh their choices.

Here’s what the numbers mean for your next move.

The St. Louis Market at a Glance

All percentage changes below are compared with October 2025.

Single-Family Homes

• Median sales price: $323,000, up 2%
• Pending sales: 1,225, down 12.6%
• Closed sales: 1,269, down 18%
• New listings: Down 7.6%
• Homes for sale: 3,815, up 11.9%
• Average days on market: 33 days, compared with 29 last year
• Months of inventory: 2.9 months, up 16%

Townhouses and Condos

• Median sales price: $229,900, up 9.5%
• Pending sales: 177, down 27.2%
• Closed sales: 193, down 19.9%
• New listings: Down 13.6%
• Homes for sale: 892, up 14.4%
• Average days on market: 48 days, compared with 45 last year
• Months of inventory: 4.1 months, up 20.6%

Fewer new listings arrived on the market, yet the total number of available homes increased. With fewer properties going under contract, buyers have a larger selection to consider.

What This Means for Buyers

More Breathing Room—and Opportunities to Negotiate

If your last home search felt like a race, these numbers suggest a different experience may be possible. More inventory and longer selling times can give you room to compare properties, revisit a favorite, and consider the costs of any needed improvements.

Depending on the property and its competition, there may also be opportunities to negotiate repairs, closing costs, or the purchase price. Townhouse and condo buyers may find more flexibility, with 4.1 months of inventory compared with 2.9 months for single-family homes.

That doesn’t mean every seller is ready to accept a discount. Median sale prices remain above last year in both categories, and conditions can vary considerably by neighborhood and price range.

My advice for buyers: Look closely at how long a home has been listed, how it compares with other available properties, and what your total monthly payment would be. Use the additional breathing room to make an informed decision.

What This Means for Sellers

Give Buyers a Reason to Choose Your Home

Rising median prices are encouraging, but they don’t tell us how much any individual home has appreciated. The mix of properties sold can move the median, especially in a smaller category like townhouses and condos.

For sellers, the more immediate consideration is competition. Buyers have more homes to choose from and may be less willing to overlook deferred maintenance or an ambitious asking price.

Preparing your home thoughtfully, presenting it well online, and pricing it against current alternatives can help it stand out. It’s also wise to build some flexibility into your moving timeline: October’s average selling time was 33 days for single-family homes and 48 days for townhouses and condos.

My advice for sellers: Review both recent sales and the homes buyers will tour alongside yours. Pay attention to showing activity and feedback so you can respond early if your strategy needs adjusting. We have tools and systems to help guide you through all of this. 

What About the National Market?

The national figures included with this update cover September, while the local numbers above cover October.

According to the supplied National Association of REALTORS® summary, September existing-home sales increased 1.5% from August but declined 2.2% from a year earlier. Heading into October, national inventory totaled 1.60 million homes, a 4.8-month supply. The national median sale price was $417,500, up 1.3% year over year.

The national and local figures share a theme: more available homes can coexist with higher median sale prices. Slower sales don’t automatically translate into falling prices.

Planning Your Next Move

October’s numbers suggest buyers have gained some flexibility, while sellers need to account for greater competition. Your experience will depend on your neighborhood, price point, property condition, and timing.

Thinking about buying or selling in St. Louis? Contact the Dawn Griffin Group. We’ll help you compare the homes, sales, and competition that matter to your move—and build a plan around your goals.

Source: Supplied October 2026 St. Louis market statistics and accompanying National Association of REALTORS® September summary. Local comparisons are year over year.