Saint Louis, MO 63115 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. 59,000 is the median sold price and should be treated as the primary indicator of recent market value and transaction outcomes in ZIP 63115; combined with a median days on market of 288, this suggests slower sales velocity and notable pricing friction in completed sales.
2. The gap between the median listing price 85,000 and the median sold price 59,000 suggests seller expectations are above realized transaction values and may indicate sellers should expect concessions or price adjustments to achieve closings; this spread appears to reflect softening between ask and achieved prices.
3. Local price momentum is reported as down on a year-over-year basis while the marketTemperature is neutral, implying that although prices are weakening, market balance remains relatively even and neither buyers nor sellers have a clear systemic advantage; this combination suggests careful pricing and patience are warranted rather than aggressive repositioning — neutral market.
4. Rental fundamentals are firmer: the median market rent 925 is supported by a rent year-over-year trend of up, while interestRatePressure is elevated and local 30-year fixed mortgage rates are averaging 6.53%; investors should factor rising financing pressure against improving rental income when evaluating cashflow and hold strategies.

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.