Saint Louis, MO 63121 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 neighborhood's primary market indicator, the median sold price, is $81,500, which reflects recent transaction-level value and suggests modest appreciation consistent with the area's steady growth; however, the market shows prolonged selling timelines given the median days on market of 399, indicating slower sales velocity rather than rapid turnover.
2. There is a noticeable divergence between the median listing price of $104,900 and the median sold price of $81,500, which may indicate pricing friction or elevated seller expectations relative to completed transactions and appears to give buyers negotiating leverage in many cases.
3. Market fundamentals show mixed but stable signals: the price year-over-year trend is up and rent year-over-year trend is up, supporting continued demand for SFR and condominium assets, while the market temperature is neutral, suggesting a balanced buyer-seller dynamic rather than a strong one-sided market. up
4. Financing and carrying-cost considerations are a headwind: interest rate pressure is elevated and local 30-year fixed mortgage rates average 6.6%, which may temper buyer affordability and slow transaction velocity despite rising rents and stable prices; this combination points to cautious purchasing behavior and potential opportunities for investors focused on rental income given the median market rent of $1,195. elevated

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.