Is Normandy, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Normandy was a Seller's Market.
Key Takeaway
Normandy is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Normandy, MO
How much do homes in Normandy, MO cost?
Median Sold Price
$80,000
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Normandy have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in Normandy was $80,000 in May 2024, down 15.8% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55.5K | $70K | +26.0% |
| 3 Bedrooms | $110K | $72.5K | -34.1% |
| 4 Bedrooms | $90K | $118.7K | +31.9% |
| 5+ Bedrooms | $58K | $100K | +72.4% |
Summary: Normandy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26%, 3 bedroom homes decreased by 34.1%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 72.4%.
Median Sold Price Compared To Nearby Cities
| Pasadena Hills | $300K | $350K | +16.7% |
| Normandy Township | $70.1K | $65.5K | -6.7% |
| Normandy | $95K | $80K | -15.8% |
Housing Supply in Normandy, MO
How many homes are available in Normandy, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Normandy real estate market had 12 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Normandy 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Normandy, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Normandy in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Normandy, MO
How long does it take to sell a home in Normandy, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 6 Days | -71.1% |
Summary: Homes in Normandy had an average of 6 days on market in May 2024, down by 71.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Normandy are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Normandy; 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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.