Saint Louis, MO 63138 Real Estate Market Report

ZIP Code: 63138
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Saint Louis, MO (ZIP: 63138) reflects a notable decline in home values, with the median sold price currently at $115,500. This represents a significant shift in the market, as the area has seen a downward trend in prices, indicating a potential buyer's market. The median listing price stands at $140,000, suggesting a gap between seller expectations and actual market performance, which may lead to pricing friction as sellers adjust their strategies to attract buyers.

Transaction activity appears to be moderate, with median days on market recorded at 321 days, indicating slower sales velocity and a potential oversupply of properties. The market temperature is classified as neutral, suggesting that while there is some activity, the balance between supply and demand is not favoring either side significantly. This environment may encourage buyers to negotiate more favorable terms as they navigate through elevated inventory levels and declining prices.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Saint Louis MO market average 6.55% APR, which is 0.26% higher than the 6.29% average from one week prior.

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 $115,500 reflects a decrease in home values, indicating a shift towards a buyer's market.

2. With a median listing price of $140,000, there is a notable gap between seller expectations and market realities, leading to potential pricing friction.

3. The median days on market of 321 days suggests slower sales velocity and elevated inventory levels, which may pressure sellers to adjust their pricing strategies.

4. The median market rent is at $1,294, which, along with the declining trend in rents, may indicate softening demand in the rental market.

5. Current mortgage rates at 6.55% APR are moderate, adding pressure on affordability and potentially impacting buyer 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.