Markets › Missouri
Missouri housing market
In the Show-Me State, part of the Census Bureau's West North Central division, Pecan Street tracks four markets. Median sale prices run from $220K in Springfield to $311K in Columbia as of Aug 2026. Three of four are higher than a year earlier and one is lower; St. Louis leads at +5.9% and Columbia trails at -9.3%.
Homes sit longest in Springfield (52 median days on market) and sell fastest in Kansas City (50 days). The share of active listings with a price cut runs from 35% in Columbia to 41% in St. Louis. Price-to-rent ratios run from about 12 in Springfield to 18 in Columbia, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Columbia metro has the 4th-slowest year-over-year price growth. Missouri's unemployment rate was 3.5% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Columbia | $311K | -9.3% | 51 | 35% | ≈ 18 |
| Kansas City | $310K | +3.2% | 50 | 40% | ≈ 13 |
| Springfield | $220K | +1.1% | 52 | 39% | ≈ 12 |
| St. Louis | $263K | +5.9% | 50 | 41% | ≈ 13 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.