The housing market in Pevely continues to see strong price appreciation, with values up 43.5% compared to last year. Home prices have increased 3.6% in the past month alone. At the current pace, all available homes in Pevely would sell out in just 0.8 months, indicating a continued supply shortage. Homes are now taking an average of 28 days to sell, significantly longer than the 1 days typical for this market. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Pevely market with the affordability index at 271.3. Based on current market indicators, home prices in Pevely are projected to decrease by approximately 13.6% over the next month.