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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grovespring is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Grovespring has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grovespring, MO

How much do homes in Grovespring, MO cost?

Median Sold Price

$315,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$260,000(+472.7%)

Key Takeaway

Homes in Grovespring have sold for 472.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $55K$315K
+472.7%
4 --
N/A
5+ --
N/A

Summary: Grovespring housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 472.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Grovespring
+472.7%
Union Township
+472.7%

Housing Supply in Grovespring, MO

How many homes are available in Grovespring, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
54-20.0%

Summary: The Grovespring real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Grovespring 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grovespring, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Grovespring in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Grovespring, MO

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

Average Sale Time

Apr 2024May 2024CHANGE
8 Days7 Days-12.5%

Summary: Homes in Grovespring had an average of 7 days on market in May 2024, down by 12.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Grovespring; 100% of homes were sold within 30 days, 0% 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 1 Day Ago

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