Saint Louis, MO 63118 Real Estate Market Report

ZIP Code: 63118
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: 63118) stands at $234,000, reflecting the actual market transactions and indicating a stable yet cautious environment. Despite this, the neighborhood has experienced a price trend that is down over the past year, suggesting a potential adjustment in buyer expectations and market dynamics. The current median listing price of $229,500 indicates a slight gap between asking and selling prices, which may contribute to a slower sales velocity as buyers navigate elevated inventory levels.

With a median days on market of 212, properties are taking longer to sell, which may signal caution among sellers and buyers alike. The market temperature is currently neutral, reflecting a balance between supply and demand, although the elevated inventory relative to sales activity indicates a potential for pricing friction in the near term. Rental growth remains strong, with a median market rent of $1,300, suggesting that while the sales market faces challenges, the rental market is still robust, potentially attracting investors looking for stable returns.

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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 63118 area around 5.875% are notably lower than the 6.5% to 7.0% range seen for typical 2026 originations.

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. $234,000 is the median sold price, indicating a stable market despite a down trend over the past year.

2. Properties are spending an average of 212 days on market, reflecting a slower sales velocity and potential buyer hesitation.

3. The median listing price of $229,500 suggests a gap with sold prices, which may contribute to pricing friction in negotiations.

4. The market temperature is neutral, indicating a balance between supply and demand, though elevated inventory levels may pressure pricing.

5. Rental growth is strong with a median market rent of $1,300, highlighting a resilient rental market amidst sales challenges.

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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.