Saint Louis, MO 63138 Real Estate Market Report

ZIP Code: 63138
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.

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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 market are averaging approximately 6.37%, reflecting a period of relative stability compared to the broader volatility observed throughout early 2026.

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 primary market signal is the median sold price (115,000), which aligns exactly with the median listing price (115,000) and suggests current asking prices are tracking recent transaction values; this coincident pricing, along with the up year-over-year price trend, indicates orderly appreciation with limited seller premium.

2. Liquidity shows friction: the median days on market (420) is long and suggests slower transaction velocity despite a sample characterization of relatively constrained active supply; this combination may indicate localized pricing or condition-driven delays rather than broad market weakness, in a neutral market temperature.

3. Rental and financing context supports continued buyer interest: the median market rent (1,300) is rising (up rent year-over-year trend) while interest rate pressure is moderate and 30-year fixed rates are averaging approximately 6.37%, which together may sustain demand from rate-sensitive buyers without creating overheating.

4. The median price per square foot (101) provides a stable valuation baseline for SFR and condo comps in this ZIP; given the neutral market temperature and the aligned listing/sold prices, pricing strategy should focus on condition and presentation to reduce the long days on market rather than across-the-board price adjustments.

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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 63138 Real Estate Market Report

ZIP Code: 63138
Report Date: May 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 market are averaging approximately 6.37%, reflecting a period of relative stability compared to the broader volatility observed throughout early 2026.

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 neighborhood's primary market indicator, the median sold price of 5,163,000, confirms recent transaction strength and aligns with a broader up price trajectory year-over-year, suggesting realized values are rising rather than diverging from asking-price expectations.

2. Pricing density remains high on a per-unit basis with a median price per square foot of 6,487, which reinforces that recently completed transactions are capturing elevated dollar-per-foot valuations; this, combined with the neutral market temperature, suggests a balanced environment where sellers can achieve strong per-square-foot outcomes without runaway bidding.

3. Rents are moving in the same direction as sale prices, with a median market rent of 1,300 and a up rent year-over-year trend, indicating improving cash-flow fundamentals for buy-to-rent considerations while transaction activity remains described as moderate in velocity.

4. Interest-rate conditions present moderate headwinds: interest rate pressure is reported as moderate and local 30-year fixed mortgage rates are averaging approximately 6.37%, which may temper buyer affordability even as price momentum continues; liquidity appears balanced rather than overheated, and the current mix of elevated per-square-foot values and moderate financing pressure suggests sellers should price competitively while buyers should focus on properties with clear value drivers.

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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.