Saint Louis, MO 63121 Real Estate Market Report

ZIP Code: 63121
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

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.

---

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

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 for properties in Saint Louis MO are 6.49%, which is 0.62% higher than the 5.87% average observed in February 2026.

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 value indicator is the median sold price, $92,500, which serves as the representative recent sale level and—when compared to the higher median listing price of $115,450—suggests pricing friction between seller expectations and transaction outcomes.

2. The median days on market is 384, signaling materially slower sales velocity that may provide buyers with greater negotiation leverage and indicates a longer time horizon to convert listings into closed sales; this pace appears consistent with softening demand.

3. Price year-over-year trend is down while the market temperature remains neutral, implying downward price pressure without a pronounced market imbalance—expect measured price concessions rather than rapid repricing.

4. Current financing and rental signals reinforce caution: the published 30-year fixed rate for properties in Saint Louis is 6.49%, which is 0.62% higher than the 5.87% average observed in February 2026, and rent year-over-year trend is down with a median market rent of 1,190, together suggesting elevated cost of capital and softer rental demand that may constrain near-term buyer competition.

---

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.