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 real estate market in Saint Louis, MO (ZIP: 63118) has experienced a decrease in market activity, with the median sold price currently at $234,500. This reflects a challenging environment for sellers, as the neighborhood has decreased 8% since 2022. The current market conditions suggest a shift towards a more balanced environment, although the area has seen significant year-over-year price declines, which may indicate a need for sellers to adjust their expectations.

Transaction velocity appears to be slower, with properties remaining on the market for an extended period, averaging 200 days before sale. The elevated inventory levels suggest excess supply relative to sales activity, which could further pressure pricing as buyers have more options to choose from. As interest rates ease, there may be potential for increased buyer demand, but the current market temperature remains neutral, reflecting a cautious approach from both buyers and sellers.

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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 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 market average around 6.00% to 6.07%, which is 0.77% to 0.96% lower than rates observed one year ago.

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 $234,500 indicates a challenging market for sellers, with prices having decreased 8% since 2022.

2. Properties are taking an average of 200 days on market, suggesting a slower sales velocity and potential pricing friction.

3. The median listing price of $210,000 shows a notable gap compared to the sold price, indicating that sellers may need to adjust their expectations to align with market realities.

4. With elevated inventory levels, there is excess supply relative to sales activity, which may continue to exert downward pressure on prices.

5. The median market rent of $1,300 is on the rise, suggesting a potential opportunity for investors despite the overall price declines in the sales market.

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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.