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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olivette is a seller's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Olivette was a Neutral Market.

Key Takeaway

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

How much do homes in Olivette, MO cost?

Median Sold Price

$525,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$100,000(+23.5%)

Key Takeaway

Homes in Olivette have sold for 23.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $134K$145K
+8.2%
3 $395K$400K
+1.3%
4 $587.5K$600K
+2.1%
5+ $882.5K$1.1M
+32.7%

Median Sold Price Compared To Nearby Cities

Olivette
+23.5%
Overland
+13.3%
University City
+11.9%
Ladue
+6.0%
Creve Coeur Township
+5.3%

How many homes are available in Olivette, MO?

Number of Homes For Sale

Oct 2022Nov 2022%
3431-8.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 44
0.0%
3 1211
-8.3%
4 1212
0.0%
5+ 64
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
810+25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olivette, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
28 Days40 Days+40.8%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Olivette, MO

Olivette, MO has 31 homes on the market. The number of homes for sale in Olivette, MO decreased by 8.8% between October 2022 and November 2022. The median list price of listings available in November 2022 was $525,000, while the average time on the real estate market was 40 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 8.2% more expensive, 3 bedrooms properties prices increased by 1.3%, prices of 4 bedrooms properties increased by 2.1%, prices of 5 bedrooms properties increased by 32.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 8.3%, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory decreased by 33.3%. In November 2022 more than 2 listings in Olivette, MO were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below.

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