Is Olivette, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Olivette has remained a Seller's Market.
Key Takeaway
Olivette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olivette, MO
How much do homes in Olivette, MO cost?
Median Sold Price
$607,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Olivette have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Olivette was $607,500 in May 2024, up 19.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $137K | N/A |
| 2 Bedrooms | $142K | $138K | -2.8% |
| 3 Bedrooms | $400K | $369K | -7.8% |
| 4 Bedrooms | $782K | $715K | -8.6% |
| 5+ Bedrooms | $1.3M | $1.2M | -2.7% |
Summary: Olivette 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 decreased by 2.8%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Olivette | $507.5K | $607.5K | +19.7% |
| Ladue | $965K | $1.1M | +14.0% |
| Overland | $139.9K | $145.9K | +4.3% |
| Creve Coeur Township | $340K | $345K | +1.5% |
| University City | $329.8K | $321.5K | -2.5% |
Housing Supply in Olivette, MO
How many homes are available in Olivette, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Olivette real estate market had 32 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Olivette 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 44.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olivette, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Olivette in May 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Olivette, MO
How long does it take to sell a home in Olivette, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 196 Days | +2118.9% |
Summary: Homes in Olivette had an average of 196 days on market in May 2024, up by 2118.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olivette are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Olivette; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.