Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Yes, if you negotiate. Buyers have the upper hand in Saint Louis right now.
You have the upper hand in Saint Louis. Most homes for sale still have no buyer. Sellers are competing for you. Use it.
Only 68 out of every 100 homes for sale have found a buyer. The other 32 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Saint Louis home takes 47 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 2,292 homes for sale in Saint Louis. That is 2.6 times the tightest month on record, but below the peak of 3,498. Supply is growing against last year.
Asking prices are 26.3% below their Feb 2021 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Saint Louis prices rose in only 72 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.
There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.
In Saint Louis, 42 out of every 100 households rent. That is nearly half. The renter share is shrinking. Five years ago it was 43 in 100. Saint Louis lost about 2,700 renter households in five years. Renter households average 1.9 people. Singles and couples rent here. Two bedrooms beat four.
Households grew 1% in five years. The housing stock held flat. Demand is outrunning supply. 11.9% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.
The median Saint Louis household earns $76,324 a year. Incomes here have grown 4.6% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 3.4 times the median income. Locals can afford to buy here. Your exit buyer can be a family, not just another investor. A tenant on the median income can pay about $1,908 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Yes, if you negotiate. Buyers have the upper hand in Saint Louis right now. 68 out of every 100 homes for sale have a buyer, 17% of sellers have cut their price, and a typical home takes 47 days to sell.
Asking prices are 26.3% below their Feb 2021 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
Assume -0.6% a year. Saint Louis grew 2.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Saint Louis loses about 0.6% a year. That is the number to type in. Prices fell 5.2% over the last year. That is a timing signal, not a trend.
A typical Saint Louis home takes 47 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
In Saint Louis, 42 out of every 100 households rent. That is nearly half. The renter share is shrinking. Five years ago it was 43 in 100. 11.9% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.
A tenant on the median income can pay about $1,908 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Saint Louis household earns $76,324 a year.
63108. Only 36 out of 100 homes there have a buyer. 21% of sellers there have cut their price, and a typical home takes 77 days to sell.
Where it isn't: 63124 ranks #207 in the country for buyer demand. Expect the least room to negotiate there.
No ZIP is on both lists. In Saint Louis you pick leverage or growth. You cannot have both.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 63107 | +57.8% | $62 | 0.56 | 16 |
| 63132 | +27.2% | $251 | 1.74 | 16 |
| 63134 | +26.4% | $120 | 0.41 | 43 |
| 63131 | +20.8% | $321 | 1.01 | 38 |
| 63114 | +20.1% | $141 | 0.81 | 52 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Saint Louis has 58 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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