The real estate market in St. Louis has changed a lot over the last year, as it has everywhere else in the country. Home prices and the rate of sales have risen significantly, as the number of new listings has dropped. Nine charts and visualizations recently published in the Post-Dispatch show exactly how the market has changed over the last 12 months.
Some of the charts showcase data that we’ve followed for the last few months, for instance the rise in the median home price in the St. Louis metro area over the last year. It has risen steadily from $165,080 in March of 2020 up to $216,171 as of May 1, 2021.
Perhaps the most interesting charts are those broken down by ZIP code. For instance, while rent has remained fairly steady over the last year in much of the metro, it has shifted dramatically in certain neighborhoods. Between December and April, for instance, rent in and around Forest Park Southeast (63110) dropped around 50% from over $3,000 to $1,426.
Also, while the median home price has risen in the city overall, there are of course vast differences in price across the metro. Clayon and Ladue are the priciest neighborhoods in the region with a median home price of $901,358 and $972,016 respectively. This is in contrast to the lowest numbers reported in East St. Louis, where the median home price can be as low as $33,301 or the Walnut Park East neighborhood (63120), where the average home is $22,314.
It should be noted as well that the data shows that several traditionally affordable neighborhoods and areas have become less so over the last year. Cahokia, for instance, saw a staggering 37.8% increase in home prices, although the median price is still at a quite low $43,127.