Inventory in Tower Grove South has tightened slightly in this rolling three-month view, with about 104 active listings and 2.5 months of supply. New listings are up more than 20 percent year over year, yet homes sold have fallen compared with a year ago, signaling some cooling in closed transactions. Pending sales are also down year over year, suggesting a slower contract flow even as options for buyers edge higher than last year.
Prices have moved noticeably higher over the past year despite the softer sales pace. The typical home value is up more than 20 percent year over year, and the average sale-to-list ratio sits above 101 percent, indicating buyers still often pay slightly over asking. About 40 percent of recent sales closed above list price in this period, a higher share than a year ago and a sign that well-priced homes continue to draw strong interest.
Speed has shifted, with the median days on market now around 12, which is faster than a year ago but slower than the peak frenzies seen in some past quarters. Compared with the broader St. Louis market, Tower Grove South shows lower months of supply and higher pricing, consistent with its designation as a seller’s market. Whether you are trying to stand out as a buyer or maximize your position as a seller, Agent Pronto can connect you with a local agent who knows how to navigate these conditions.
