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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gravois Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Gravois Township, MO

How much do homes in Gravois Township, MO cost?

Median Sold Price

$285,200

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,233(+7.6%)

Key Takeaway

Homes in Gravois Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Gravois Township was $285,200 in November 2024, up 7.6% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147K$145.5K
-1.0%
2 $207.5K$213.2K
+2.8%
3 $275K$305K
+10.9%
4 $399.5K$398K
-0.4%
5+ $597.5K$692.4K
+15.9%

Summary: Gravois Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Gravois Township
+7.6%
Crestwood
+4.2%
Oakland
-1.2%
Grantwood Village
-18.4%

Housing Supply in Gravois Township, MO

How many homes are available in Gravois Township, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
144126-12.5%

Summary: The Gravois Township real estate market had 126 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 4032
-20.0%
3 7667
-11.8%
4 2120
-4.8%
5+ 56
+20.0%

Summary: The Gravois Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5245-13.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gravois Township, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.

Summary: A total of 45 homes were sold or pending in Gravois Township in November 2024, down by 13.5% month-over-month. Of the 45 sold homes, 36% were sold under asking, 13% 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

Nov 2023Nov 2024CHANGE
22 Days13 Days-41.6%

Summary: Homes in Gravois Township had an average of 13 days on market in Nov 2024, down by 41.6% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 45 homes were sold in Gravois Township; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% 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 17 Days Ago

Newest Listings in Gravois Township, MO

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