Saint Louis, MO 63138 Real Estate Market Report

ZIP Code: 63138
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: 63138) shows a median sold price of $119,900, indicating a stable market with no significant price fluctuations. The neighborhood has experienced a year-over-year price trend that is up, suggesting a modest appreciation in home values. This stability in sold prices reflects a balanced market where buyers are exercising more negotiation power due to elevated inventory levels relative to sales activity.

The current market conditions reveal a median days on market of 249, indicating a slower sales velocity. This extended time frame for properties to sell may suggest that buyers are taking a more cautious approach, influenced by moderate interest rate pressure, with current mortgage rates averaging between 5.875% and 6.12%. The rental market remains robust, with a median market rent of $1,294, which continues to rise, further supported by a generally positive local economy.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Saint Louis MO 63138 area average 5.875% to 6.12%, which is 0.75% to 0.78% lower than the 6.87% average seen one year ago in February 2025.

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 stands at $119,900, reflecting a stable market with no significant fluctuations.

2. Properties are taking a median of 249 days on market, indicating a slower sales velocity and potential buyer caution.

3. The rental market is strong, with a median market rent of $1,294, which is up year-over-year.

4. Current mortgage rates range from 5.875% to 6.12%, which is lower than the previous year's rates, easing some buyer pressure.

5. The market temperature is neutral, suggesting a balanced environment with moderate transaction activity.

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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.