Saint Louis, MO 63104 Real Estate Market Report

ZIP Code: 63104
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

In Saint Louis, MO (ZIP: 63104), the median sold price stands at $385,000, reflecting a robust market despite mixed signals in the broader MSA. This price point underscores the strength of recent transactions, which are more indicative of market health than listing prices. The market appears to be transitioning towards a more balanced environment, as evidenced by elevated inventory levels and a median days on market of 257 days. This extended timeframe may suggest slower sales velocity, indicating a potential shift in buyer sentiment as inventory rises.

The current market temperature is classified as neutral, suggesting that while demand remains strong for desirable properties, there is a notable increase in inventory that could lead to pricing friction. Additionally, easing mortgage rates, currently at approximately 5.875%, which is 0.78% lower than the previous year's average, may enhance buyer confidence as we approach the spring season. This combination of factors indicates a market that is stabilizing, with potential opportunities for both buyers and sellers.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Saint Louis MO 63104 area at approximately 5.875% are 0.78% lower than the 6.655% average rate seen one year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $385,000 indicates strong recent transaction activity in the area.

2. With a median days on market of 257 days, the market is experiencing slower sales velocity compared to previous periods.

3. The median listing price of $355,000 suggests a pricing gap that may create pricing friction for sellers.

4. Current median market rent is $1,450, reflecting a growing rental demand in the area.

5. The market temperature remains neutral, indicating a balanced environment amidst rising inventory levels.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.