Saint Louis, MO 63121 Real Estate Market Report

ZIP Code: 63121
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: 63121) is characterized by a median sold price of $99,900, reflecting a significant decrease in market values. This decline indicates a challenging environment for sellers, as the neighborhood has decreased 8% since 2022. The median listing price stands at $107,000, suggesting a notable gap between seller expectations and actual transaction values, which may contribute to slower sales activity in the area.

The market is currently experiencing elevated inventory levels, with a median days on market of 188, indicating a slower sales velocity. Despite the broader St. Louis Metro market showing signs of normalization and price appreciation, the local dynamics in the 63121 ZIP code reveal a divergence, with excess supply relative to sales activity. The market temperature is assessed as neutral, suggesting that while buyers may have some negotiation power, the overall environment remains balanced without extreme pressures on either side.

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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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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 market average around 6.01% to 6.375%, which is notably lower than the 6.87% average seen a year ago in February 2025, suggesting current property owners locked in a relatively favorable rate if their loan originated then.

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 $99,900 reflects a significant decrease in market values, indicating potential challenges for sellers in the area.

2. With a median listing price of $107,000, there is a notable gap between seller expectations and actual market transactions, which may lead to pricing friction.

3. The median days on market of 188 suggests a slower sales velocity, indicating that properties are taking longer to sell in this market.

4. The market is characterized by elevated inventory levels, which may contribute to excess supply relative to sales activity, impacting overall market liquidity.

5. Despite the local challenges, the broader market context remains neutral, suggesting a balanced environment where buyers have some negotiation power.

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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.