Is Crestwood, 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, Crestwood has remained a Seller's Market.
Key Takeaway
Crestwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crestwood, MO
How much do homes in Crestwood, MO cost?
Median Sold Price
$306,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Crestwood have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Crestwood was $306,500 in May 2024, up 5.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $186.2K | N/A |
| 2 Bedrooms | $225.5K | $229K | +1.6% |
| 3 Bedrooms | $285K | $315K | +10.5% |
| 4 Bedrooms | $351K | $400K | +14.0% |
| 5+ Bedrooms | $332.4K | $360K | +8.3% |
Summary: Crestwood 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 increased by 1.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Gravois Township | $250.8K | $278K | +10.8% |
| Jefferson Township | $373.3K | $405.2K | +8.5% |
| Crestwood | $290K | $306.5K | +5.7% |
| Grantwood Village | $548.5K | $574K | +4.6% |
Housing Supply in Crestwood, MO
How many homes are available in Crestwood, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Summary: The Crestwood real estate market had 32 homes for sale in May 2024, a 5.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Crestwood 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 increased by 14.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crestwood, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Crestwood in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for Crestwood, MO
How long does it take to sell a home in Crestwood, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 13 Days | -17.7% |
Summary: Homes in Crestwood had an average of 13 days on market in May 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crestwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Crestwood; 80% of homes were sold within 30 days, 20% 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.