$772 Closing Credit*
$65,000
Listing Office: Keller Williams Chesterfield
Is Gravois Park, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Gravois Park was a Neutral Market.
Key Takeaway
Gravois Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gravois Park, MO
How much do homes in Gravois Park, MO cost?
Median Sold Price
$159,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,000(-11.7%)
Key Takeaway
Homes in Gravois Park have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Gravois Park was $159,000 in October 2024, down 11.7% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $108.2K | +24.4% |
| 2 Bedrooms | $129.7K | $98.9K | -23.7% |
| 3 Bedrooms | $258K | $218K | -15.5% |
| 4 Bedrooms | $135K | $265K | +96.3% |
| 5+ Bedrooms | - | $455K | N/A |
Summary: Gravois Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 23.7%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 96.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Marine Villa | $126K | $139.5K | +10.7% |
| South City | $225.2K | $234.6K | +4.2% |
| Tower Grove East | $333K | $340K | +2.1% |
| Benton Park West | $274.2K | $275K | 0.3% |
| Gravois Park | $180K | $159K | -11.7% |
Housing Supply in Gravois Park, MO
How many homes are available in Gravois Park, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Gravois Park real estate market had 23 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Gravois Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gravois Park, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Gravois Park in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Gravois Park, MO
How long does it take to sell a home in Gravois Park, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 16 Days | +16.7% |
Summary: Homes in Gravois Park had an average of 16 days on market in Oct 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gravois Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Gravois Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.