Saint Louis, MO 63116 Real Estate Market Report

ZIP Code: 63116
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Saint Louis, MO (ZIP: 63116) is characterized by a median sold price of $195,000, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. The market is transitioning from a seller's advantage towards a more balanced state, with desirable properties still attracting significant interest despite the overall conditions.

Current inventory levels are elevated, suggesting excess supply relative to sales activity. The median days on market stands at 159 days, indicating slower sales velocity. This extended timeframe may reflect a cautious buyer sentiment in the face of moderate interest rate pressure, currently around 6.12%, which is slightly below the recent average. Overall, the market appears to be stabilizing, with robust rental demand contributing to the overall health of the real estate landscape.

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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

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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 63116 area around 6.12% are slightly lower than the recent 2026 average of 6.18%, suggesting a minor cost opportunity for new financing.

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 $195,000 indicates a stable market with positive appreciation trends.

2. With 159 days on market, the sales velocity is slower, suggesting a cautious buyer sentiment.

3. The median listing price of $187,500 reflects pricing friction, as it is lower than the sold price, indicating seller expectations may need adjustment.

4. Rental demand remains strong, with a median market rent of $1,294, supporting the overall market stability.

5. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

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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.