Saint Louis, MO 63115 Real Estate Market Report

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

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Executive Overview

The 63115 area of Saint Louis, MO is currently experiencing a challenging market environment, with the median sold price recorded at $37,000, reflecting a significant decline in property values. This downturn is indicative of a broader trend, as the neighborhood has decreased in value, suggesting a cooling market that may be impacting buyer sentiment and overall transaction activity. The median listing price of $65,000 further illustrates the pricing friction between seller expectations and actual market performance, creating a notable gap that may deter potential buyers.

Market activity is characterized by 273 days on market, indicating a slower sales velocity and extended timeframes for properties to sell. The elevated inventory levels suggest an excess supply relative to sales activity, which may contribute to the downward pressure on prices. Despite the broader St. Louis metro area experiencing price appreciation and strong rent growth, the conditions in this specific ZIP code appear to be diverging significantly, resulting in a cold market temperature that may require strategic adjustments for sellers and buyers alike.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels 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 market average around 6.64% as of late March 2026, showing little difference from the 6.43% average seen earlier in 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. The median sold price of $37,000 indicates a significant gap between seller expectations and market reality, contributing to pricing friction.

2. With 273 days on market, the area is experiencing slower sales velocity, suggesting potential challenges for sellers in moving properties.

3. The median listing price of $65,000 reflects elevated seller expectations in a market that is currently declining, creating a disconnect with buyer demand.

4. The market temperature is classified as cold, indicating a less favorable environment for transactions and potential buyer hesitation.

5. Elevated inventory levels suggest excess supply relative to sales activity, which may further exert downward pressure on property values.

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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.