Saint Louis, MO 63123 Real Estate Market Report

ZIP Code: 63123
Report Date: June 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.

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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.

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Key Findings

1. The neighborhood's primary market indicator is the median sold price, which is $222,000, and with the price year-over-year trend up this underscores recent transaction-level appreciation pressure in the ZIP code.

2. The gap between the median listing price ($264,000) and the median sold price ($222,000) suggests seller expectations are above recent transaction levels and may indicate pricing friction; sellers should consider market-based pricing to reduce time to contract.

3. The median days on market is 268, indicating slower sales velocity; combined with a neutral market temperature neutral, this suggests transactions may take longer and sellers should plan longer marketing windows while buyers may have more time for inspection and negotiation.

4. The median market rent is $1,585 and the median price per square foot is $210; with rent year-over-year trend up and interest rate pressure characterized as moderate, investors should balance rising rents against financing cost sensitivity when evaluating acquisition timing.

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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.

Saint Louis, MO 63123 Real Estate Market Report

ZIP Code: 63123
Report Date: June 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Key Findings

1. The primary market value indicator is the median sold price $130,000, which anchors pricing expectations for SFR and condo transactions in the area and should be used as the representative recent sale benchmark for comps (up year-over-year as reflected in broader trends).

2. Transactions show prolonged time-to-sale with the median days on market 382, which suggests slower sales velocity and potential pricing friction; sellers may need staged pricing or targeted marketing to accelerate closings (slower sales velocity).

3. Relative price efficiency is mixed: the median price per square foot $139 supports valuation discipline for smaller-footprint homes, while rising rents with median market rent $965 and a rent up year-over-year trend indicate continued investor and rental market interest that may support resale demand.

4. Market balance appears neutral overall with a neutral market temperature, moderate interest rate pressure, and a price trajectory that is up year-over-year; because the dataset is limited to the total sold properties analyzed 7, treat these signals as indicative rather than definitive and prioritize recent comparable sales and rent data when underwriting offers.

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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.