Now is the perfect time to buy a house in Missouri! 23.1% of home sellers dropped their prices in Nov 2024. The number of homes for sale has also increased by 11.8% Y-O-Y. This means even more options and affordable deals for you!
What’s more, the 30-year fixed mortgage rate has fallen to 6.8% in the Show-Me State. It’s never been this easy to own a house in MO. Find your dream home today!
What Is the Best Month to Buy a House in Missouri?
The home buying season in Missouri typically peaks in May. However, the ideal time may vary based on market trends, weather, and personal preferences. Here’s a breakdown to help you decide:
| Month | Best For | Average Median Price |
| October | High Inventory Levels | $269,700 |
| May | No. of Homes Sold | $271,700 |
| January | Discounted Prices | $237,500 |
Which Is the Best Season to Buy a House in MO?
Here’s a season-wise breakdown of the best time to buy a house in Missouri:
🌸 Spring (March – May)
- Pros: This season offers an abundance of homes, with new listings typically at their highest. Stay ahead of the curve, as around 30% of annual home sales often occur during this time.
- Cons: High buyer activity means you’ll face more competition, which drives prices up by 5% to 10% compared to winter months. Stay alert to secure the best properties.
☀️ Summer (June – August)
- Pros: Planning a move before school starts? You’ll find new listings increasing by 30% to 35% compared to winter months. Monitor properties closely to find your perfect home.
- Cons: You will face intense competition as homes sell faster, with 25 days or less on the market. Plan your viewings during cooler morning or evening hours to stay comfortable.
🍂 Fall (September – November)
- Pros: Buyer activity slows down as many families finalize their move before school starts and are already settled by fall. This means you face less competition and may find more opportunities for price reductions.
- Cons: Inventory declines gradually, which leaves fewer choices by November. Watch for new listings, and when the right home becomes available, seize the opportunity.
❄️ Winter (December – February)
- Pros: The holiday season brings fewer buyers, which creates opportunities for you to negotiate. In November 2024, 23.1% of homes saw price drops, so it’s a prime time for you to score a deal.
- Cons: With limited holiday inventory, check listings often and make timely decisions. Dress warmly for showings and stay flexible with your schedule.
Missouri Housing Market Conditions
- Home Prices and Sales: The median home price has increased by 7.4% Y-O-Y, which shows strong market momentum and potential for future appreciation.
- Regional Variations: Popular neighborhoods usually see higher competition and quicker sales, while more remote areas might provide more flexibility in pricing.
- Mortgage Rates: Mortgage rates are expected to remain competitive in 2025, but you can lock in a rate now and potentially save significantly before any future interest rate hikes.
- Market Trends: Buyer preferences show a shift toward long-term factors like climate change and remote work. Smart home technology and energy-saving features have become key selling points.
Top 9 Missouri Home Buying Tips in 2025
- Research Local Markets: Real estate markets can vary significantly between cities and regions. Research trends in your target area, including median prices, inventory levels, and local taxes.
- Get Pre-Approved for a Mortgage: Mortgage rates can fluctuate in 2025. So, get a mortgage pre-approval to determine your budget and monthly payments.
- Consider the Season: The best months for deals are often when buyer demand is lower, typically in the fall or winter. For more inventory options, plan your search during the spring or early summer months.
- Check for Local Natural Disaster Readiness: Ensure the home meets regional building codes for disaster resistance (e.g., hurricanes, earthquakes). Check for necessary safety features such as storm shutters, foundation reinforcement, and flood zone status.
- Work with a Local Real Estate Agent: A local agent can guide you through buying a house in Missouri. They can provide insights into pricing trends, neighborhood dynamics, and state-specific regulations.
- Account for Additional Fees: Many homes have HOA fees that can add to your budget. Furthermore, review HOA rules and restrictions before you make a decision.
- Inspect the Property Thoroughly: Every area has its unique climate concerns. Hire a Missouri home inspector who is familiar with the region’s specific conditions.
- Leverage First-Time Buyer Programs: Look into state or local programs that offer financial assistance for down payments or closing costs. These programs can make the home-buying process more affordable.
- Factor in Living Expenses: Don’t forget to account for the cost of living in Missouri, such as utilities, insurance, and transportation. These costs vary by area, so research your location.
Is Now a Good Time to Buy a House in Missouri?
Absolutely! With stabilizing prices, rise in inventory, and year-round opportunities, Missouri’s market has something for every buyer.
Combine that with Missouri’s vibrant lifestyle, and it’s the perfect moment to turn your homeownership dreams into reality. Why wait? Start your home buying journey now!
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Frequently Asked Questions
What is the best month to buy a house in MO?
The best months to buy a house in Missouri are March to May, when listings peak. However, November to January offers a slower market, giving you more room for negotiation.
What is the best season for buying a house in Missouri?
The best season to buy a house in Missouri depends on your priorities. Spring offers a variety of options, fall provides reduced competition, and winter can offer better deals due to less competition.
How to buy a house in Missouri?
To buy a house in Missouri, research local markets and get pre-approved for a mortgage. Also, work with a local agent and factor in down payment and closing costs.
