Saint Louis, MO 63116 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. The primary market indicator is the median sold price of $139,000, which establishes recent transaction value and suggests that completed sales are tracking below asking levels where the median listing price of $159,000 indicates a pricing gap that may reflect seller optimism or adjustment time; pricing friction may be present given the spread between listings and sales.
2. The median days on market of 234 points to slower sales velocity and extended marketing timelines for SFR and condominium properties, which may indicate softening tactical liquidity even as transactions continue to occur.
3. The median price per square foot of $174 combined with a median market rent of $1,050 supports rent growth context—rent year-over-year trend is up—suggesting rental demand remains a positive local economic signal for investors evaluating cash-flow potential.
4. Market context shows price year-over-year trend is up while overall market temperature is neutral and interest rate pressure is moderate; the current 30-year fixed mortgage rate averaging 6.53% may constrain some buyer budgets and appears consistent with more measured price appreciation and balanced inventory conditions.

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.