Saint Louis, MO 63115 Real Estate Market Report

ZIP Code: 63115
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Saint Louis, MO (ZIP: 63115) is $49,000, reflecting a market that has seen a slight year-over-year decline. This decrease suggests a shift in buyer sentiment and market dynamics, as sellers may be adjusting their expectations in response to changing conditions. The current market appears to be stabilizing, with a neutral temperature indicating a balanced environment between buyers and sellers.

Transaction activity has been characterized by elevated inventory levels, suggesting excess supply relative to sales. The median days on market stands at 211 days, indicating a slower sales velocity. While the rental market is experiencing rising demand, with a median market rent of $1,512, the overall sales landscape indicates a need for sellers to remain competitive in their pricing strategies.

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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

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 MO average around 6.01% to 6.375%, which is notably lower than the 2026 historical average rate of 6.87% for this time last year.

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. $49,000 is the median sold price, indicating a down trend in property values.

2. The median days on market is 211 days, reflecting a slower sales velocity in the current market.

3. Elevated inventory levels suggest excess supply relative to transaction activity, impacting pricing strategies.

4. The median market rent of $1,512 is up, indicating strong demand in the rental sector.

5. Current interest rate pressure is moderate, which may influence buyer financing options.

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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.