St. Louis hosted the 1904 Summer Olympics so long ago that Realtor.com's Reynolds doubts the Games had any economic impact that remains to this day.
"I think the [effects] really depend on how far back you're looking," she says.
Realtor.com found that St. Louis median asking prices rose only a paltry 1.25% over the past year, to $166,000.
The Gateway to the West has some things going for its housing market, though.
For instance, the city's 7.5% May jobless rate beat America's 8.2% overall rate, while the number of local homes listed for sale on Realtor.com dropped 18.1% over the past year. Those factors are usually positive signs for future home-price appreciation.