Is Garden Grove Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garden Grove Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Garden Grove Township has remained a Seller's Market.

Key Takeaway

Garden Grove Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Garden Grove Township, MO

How much do homes in Garden Grove Township, MO cost?

Median Sold Price

$305,000

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$11,500(+3.9%)

Key Takeaway

Homes in Garden Grove Township have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $190K$179.9K
-5.3%
3 $239.9K$228K
-5.0%
4 $338K$395K
+16.9%
5+ $395K$470.9K
+19.2%

Summary: Garden Grove Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Cities

Garden Grove Township
+3.9%
Nixa
+3.0%
West Finley Township
+0.9%
Rosedale Township
-1.2%
North Galloway Township
-15.1%

Housing Supply in Garden Grove Township, MO

How many homes are available in Garden Grove Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2527+8.0%

Summary: The Garden Grove Township real estate market had 27 homes for sale in May 2024, a 8.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1618
+12.5%
4 66
0.0%
5+ 33
0.0%

Summary: The Garden Grove Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garden Grove Township, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Garden Grove Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.

Days on Market for Garden Grove Township, MO

How long does it take to sell a home in Garden Grove Township, MO?

Average Sale Time

May 2023May 2024CHANGE
33 Days16 Days-50.8%

Summary: Homes in Garden Grove Township had an average of 16 days on market in May 2024, down by 50.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Garden Grove Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Garden Grove Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Garden Grove Township, MO

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