Is Grover, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grover is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Grover, MO

How much do homes in Grover, MO cost?

Median Sold Price

$425,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+4.9%)

Key Takeaway

Homes in Grover have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Grover was $425,000 in May 2024, up 4.9% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$215K
N/A
2 $160.2K$173.5K
+8.3%
3 $400K$392.5K
-1.9%
4 $440K$499K
+13.4%
5+ $645K$551.2K
-14.5%

Summary: Grover 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 8.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Cities

Chesterfield Township
+5.6%
Wildhorse Township
+5.6%
Grover
+4.9%
Wildwood
+2.9%
Glencoe
+1.2%

Housing Supply in Grover, MO

How many homes are available in Grover, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3846+21.1%

Summary: The Grover real estate market had 46 homes for sale in May 2024, a 21.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 128
-33.3%
3 1211
-8.3%
4 1022
+120.0%
5+ 45
+25.0%

Summary: The Grover 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 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 120%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grover, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Grover in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.

Days on Market for Grover, MO

How long does it take to sell a home in Grover, MO?

Average Sale Time

May 2023May 2024CHANGE
22 Days15 Days-31.7%

Summary: Homes in Grover had an average of 15 days on market in May 2024, down by 31.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 14 homes were sold in Grover; 79% of homes were sold within 30 days, 21% 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 19 Days Ago

Newest Listings in Grover, MO

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