Is Gravois Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gravois Township has remained a Seller's Market.
Housing Prices in Gravois Township, MO
How much do homes in Gravois Township, MO cost?
Median Sold Price
$278,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gravois Township was $278,000 in May 2024, up 10.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.7K | $131K | +18.3% |
2 Bedrooms | $199K | $217.9K | +9.5% |
3 Bedrooms | $266.8K | $290.3K | +8.8% |
4 Bedrooms | $385K | $390K | +1.3% |
5+ Bedrooms | $471.5K | $595K | +26.2% |
Summary: Gravois Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
Gravois Township | $250.8K | $278K | +10.8% |
Crestwood | $290K | $306.5K | +5.7% |
Grantwood Village | $548.5K | $574K | +4.6% |
Housing Supply in Gravois Township, MO
How many homes are available in Gravois Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 106 | 0.0% |
Summary: The Gravois Township real estate market had 106 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 26 | -7.1% |
3 Bedrooms | 52 | 55 | +5.8% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Gravois 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 decreased by 7.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 43 | +19.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Gravois Township in May 2024, up by 19.4% month-over-month. Of the 43 sold homes, 33% were sold under asking, 16% were sold at asking, and 51% were sold over asking.
Days on Market for Gravois Township, MO
How long does it take to sell a home in Gravois Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 22 Days | +76.7% |
Summary: Homes in Gravois Township had an average of 22 days on market in May 2024, up by 76.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in Gravois Township; 72% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.