Is Gravois Township, 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, Gravois Township has remained a Seller's Market.
Key Takeaway
Gravois Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gravois Township, MO
How much do homes in Gravois Township, MO cost?
Median Sold Price
$275,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gravois Township have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Gravois Township was $275,000 in April 2024, up 11.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.7K | $166.6K | +50.4% |
| 2 Bedrooms | $200K | $214.9K | +7.4% |
| 3 Bedrooms | $263.5K | $288.3K | +9.4% |
| 4 Bedrooms | $380.5K | $389.8K | +2.5% |
| 5+ Bedrooms | $625K | $496.9K | -20.5% |
Summary: Gravois Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Gravois Township | $245.7K | $275K | +11.9% |
| Crestwood | $294.5K | $305K | +3.6% |
Housing Supply in Gravois Township, MO
How many homes are available in Gravois Township, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 87 | 102 | +17.2% |
Summary: The Gravois Township real estate market had 102 homes for sale in April 2024, a 17.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 22 | 28 | +27.3% |
| 3 Bedrooms | 46 | 48 | +4.3% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Gravois Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gravois Township, you could pay more than the asking price. 53.1% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Gravois Township in April 2024, up by 14.3% month-over-month. Of the 32 sold homes, 19% were sold under asking, 28% were sold at asking, and 53% were sold over asking.
Days on Market for Gravois Township, MO
How long does it take to sell a home in Gravois Township, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 17 Days | -28.3% |
Summary: Homes in Gravois Township had an average of 17 days on market in Apr 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
26 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 Gravois Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in Gravois Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.