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Commonly Asked Questions about Missouri Real Estate

Missouri has an affordability score of 5, meaning it takes 5 years of the median household income ($57,290) to afford Missouris median home sale price ($289,100). Because of this, we rank Missouri as the 10th most affordable state for buyers based strictly on prices compared to income.
The median listing home price in Kansas City, MO was $275K in July 2024, trending down -1.4% year-over-year. The median listing home price per square foot was $166. The median home sold price was $292.4K.
The 10 Most Affordable Cities in Missouri Sikeston. Jennings. Carthage. Home Price to Income Ratio: 2.15% Neosho. Home Price to Income Ratio: 2.44% Kirksville. Home Price to Income Ratio: 3.53% Lebanon. Home Price to Income Ratio: 2.5% West Plains. Home Price to Income Ratio: 2.7% Webb City. Home Price to Income Ratio: 1.99%
The months from March to June are the best time to buy a house in Missouri. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.
$251,455. The average Missouri home value is $251,455, up 3.5% over the past year and goes to pending in around 8 days.
The median home price in Missouri is $271,400 in May 2024. This marks a 6.1% increase year-over-year. This median home price is the highest rates have docHubed since mid-2021, though some areas have a lower sale pricefor example, St. Louis has a median sold price of $212,000 ing to Realtor.com.
Yes. This is the best time to buy a house in California. With the current trend in the CA housing market, youll find better deals on your dream home during Q2 2024. As per Fannie Mae, mortgage rates may drop more in Q2 of 2024 due to economic changes, inflation, and central bank policy adjustments.
The Missouri housing market isnt that competitive. The median home sales price in June 2024 has increased in the past 3 months to $282,200. Thats up 5.7% and $15,100 higher than June 2023 of last year. That is higher than the national median home sales price of $442,525.