St. Louis Real Estate Market 2026: A 91 Score, Undervalued, Selling at 100% of Ask

PropertyIQ scores St. Louis a 91 out of 100 as of February 28, 2026.

The median listing price is $278,175 as of February 2026. The market is 4.4% below fundamental value. A median-income household in St. Louis can qualify to buy at median price -- a combination that is uncommon in 2026.

Affordability Is the Core Story

The income needed to buy at current prices is approximately $73,938. The median household income in St. Louis is $78,225 (2023 Census). The gap is roughly $4,300. That alignment between income and entry price is what makes St. Louis structurally different from coastal markets where that gap runs $50,000 or more.

Demand Is Executing at Full Asking Price

Pending-to-active ratio: 0.6763 as of February 2026. For every 100 homes listed, 68 are going under contract. Homes average 55 days on market. The sale-to-list ratio is 100% as of November 2025. Sellers are receiving exactly what they ask for, on average. Price cuts affect only 12.36% of listings.

Prices Are Stable With Positive Momentum

Home values are up 0.5% year over year as of February 2026. Zillow forecasts 2.2% near-term appreciation as of December 2025. Home sales are rising: up 2.91% year over year. Stable prices and rising sales volume point in the same direction.

Inventory Is Growing but Absorbed

There are 4,950 homes for sale, up 10.78% year over year. The 68% pending ratio shows demand is absorbing the supply growth. New inventory is not stacking up; it is moving.

The Economic Base

Unemployment: 3.5% as of December 2025 -- at or near the national average. Average rent: approximately $1,387/month as of December 2025. Zillow median home value: approximately $264,796 as of January 2026. Monthly gross rent-to-price ratio: roughly 0.52%.

St. Louis sits alongside Detroit and Cleveland as a Midwest market where the fundamentals are intact and the entry price still makes sense for a broad population of buyers.

PropertyIQ score as of February 28, 2026. Listing and inventory data as of February 1, 2026. Rent and forecast data as of December 2025. Census data 2023. All data for informational purposes only.