Saint Louis, MO 63104 Real Estate Market Report

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

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Executive Overview

The real estate market in Saint Louis, MO (63104) is currently characterized by a median sold price of $364,450, reflecting a stable market despite the presence of elevated inventory levels. The neighborhood has experienced an upward trend in prices, with the market showing signs of moderate appreciation. This indicates that while demand remains steady, the increase in inventory may be creating some pricing friction for sellers.

Transaction activity appears to be moderate, with properties spending an average of 323 days on the market. This extended duration suggests a slower sales velocity, which may be attributed to the excess supply relative to sales activity. The median listing price stands at $385,000, indicating a notable gap between seller expectations and actual market performance, which could influence buyer sentiment moving forward.

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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 Saint Louis are averaging 6.54%, which is 0.16% higher than the 6.38% average seen in early March 2026.

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. $364,450 is the median sold price, indicating a stable market with moderate price appreciation.

2. The median listing price of $385,000 suggests potential pricing friction as it exceeds the sold price, which may impact buyer interest.

3. Properties are taking an average of 323 days on the market, reflecting a slower sales velocity and potential buyer hesitance.

4. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers, but with signs of elevated inventory levels.

5. $1,450 is the median market rent, which is trending up, indicating a strong rental market that supports overall demand.

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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.