Is Tower Grove South, 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 South has remained a Seller's Market.
Key Takeaway
Tower Grove South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tower Grove South, MO
How much do homes in Tower Grove South, MO cost?
Median Sold Price
$281,503
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tower Grove South have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Tower Grove South was $281,503 in April 2024, up 2.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $152.7K | +32.8% |
| 2 Bedrooms | $182.7K | $212.4K | +16.3% |
| 3 Bedrooms | $331K | $352.5K | +6.5% |
| 4 Bedrooms | $500K | $480K | -4.0% |
| 5+ Bedrooms | $525K | $550K | +4.8% |
Summary: Tower Grove South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.8%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Tower Grove South | $275K | $281.5K | +2.4% |
| Kingshighway Hills | $243.5K | $239K | -1.8% |
| Shaw | $408K | $400K | -2.0% |
| Tower Grove East | $330K | $320K | -3.0% |
| Gravois Park | $185K | $168.7K | -8.8% |
Housing Supply in Tower Grove South, MO
How many homes are available in Tower Grove South, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The Tower Grove South real estate market had 47 homes for sale in April 2024, a 6.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Tower Grove South 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 12.5%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tower Grove South, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Tower Grove South in April 2024, down by 15.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Tower Grove South, MO
How long does it take to sell a home in Tower Grove South, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +20.3% |
Summary: Homes in Tower Grove South had an average of 24 days on market in Apr 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tower Grove South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Tower Grove South; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.