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) is characterized by a median sold price of $119,900, reflecting a steady demand despite a backdrop of elevated inventory levels. The neighborhood has increased up since 2023, indicating a positive trend in home values. However, homes are selling slightly below their listing prices, suggesting some pricing friction in the market.

The median days on market stands at 252, indicating a slower sales velocity, which may suggest that buyers are taking their time to make decisions. The overall market temperature is described as neutral, pointing to a balanced environment where both buyers and sellers have opportunities, yet the presence of elevated inventory relative to sales activity may indicate a need for sellers to adjust expectations to facilitate transactions.

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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 around 6.07% compared to 6.23% one year ago, indicating a slight cost opportunity for new financing.

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 $119,900 indicates a stable market with positive price growth since 2023, reflecting a strong demand.

2. With a median days on market of 252, the market is experiencing slower sales velocity, suggesting buyers are cautious and taking longer to finalize purchases.

3. The median listing price of $117,450 shows that homes are selling slightly below their asking prices, indicating potential pricing friction in negotiations.

4. The median market rent is $1,294, which may signal a growing rental demand in the area, supporting overall market stability.

5. Current mortgage rates average around 6.07%, slightly lower than the previous year's 6.23%, providing a cost opportunity for new financing.

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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.