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Missouri median home price reaches $300,000 in July

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Missouri’s real estate market recorded continued growth in sales prices and annual dollar volume in July, according to a new report from Missouri Realtors.

The association’s July 2026 Market Statistics Report indicates 7,597 residential properties were sold across the state during the month.

Prices maintained an upward trajectory compared to the previous year. The median sales price for a home in Missouri reached $300,000, a 5.3% increase compared to July 2025. The average residential sale price also increased, climbing 2.5% to $355,560.

Total dollar volume generated by residential sales reached over $2.7 billion in July, representing a 7.2% increase compared to the same month last year. However, volume dipped 5.3% compared to June, when the market generated $2.8 billion.

The report also cited financing trends from the Federal Reserve Bank of St. Louis. The average 30-year fixed mortgage interest rate for July was 6.66%. Rates remained virtually steady heading into late summer, sitting at 6.65% as of Aug. 20.

For a full report on the data, including additional resources, visit the Missouri Realtors Market Statistics page at www.missourirealtor.org/news-events/missouri-market-statistics.

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