Is Tower Grove East, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tower Grove East has remained a Seller's Market.
Key Takeaway
Tower Grove East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tower Grove East, MO
How much do homes in Tower Grove East, MO cost?
Median Sold Price
$320,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tower Grove East have sold for 3% less than they did a year ago.
Summary: The median home sold price in Tower Grove East was $320,000 in April 2024, down 3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $169.5K | -10.8% |
| 2 Bedrooms | $224.9K | $179K | -20.4% |
| 3 Bedrooms | $323.2K | $324.9K | 0.5% |
| 4 Bedrooms | $380K | $450K | +18.4% |
| 5+ Bedrooms | $415K | $480K | +15.7% |
Summary: Tower Grove East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 20.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Tower Grove South | $275K | $281.5K | +2.4% |
| Fox Park | $309K | $315K | +1.9% |
| Benton Park West | $272.5K | $274.9K | +0.9% |
| Tower Grove East | $330K | $320K | -3.0% |
| Compton Heights | $437.5K | $407.5K | -6.9% |
Housing Supply in Tower Grove East, MO
How many homes are available in Tower Grove East, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Summary: The Tower Grove East real estate market had 21 homes for sale in April 2024, a 31.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Tower Grove East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tower Grove East, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Tower Grove East in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Tower Grove East, MO
How long does it take to sell a home in Tower Grove East, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 30 Days | +29.3% |
Summary: Homes in Tower Grove East had an average of 30 days on market in Apr 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tower Grove East are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Tower Grove East; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.