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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crane is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Crane has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Crane, MO

How much do homes in Crane, MO cost?

Median Sold Price

$177,500

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+39.2%)

Key Takeaway

Homes in Crane have sold for 39.2% more than they did a year ago.

Summary: The median home sold price in Crane was $177,500 in May 2024, up 39.2% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $79.9K$232.4K
+190.9%
2 $110K$135.1K
+22.9%
3 $151K$215K
+42.4%
4 $550K$225K
-59.1%
5+ $132K-
N/A

Summary: Crane housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 190.9%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 42.4%, 4 bedroom homes decreased by 59.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Crane
+39.2%
Pierce Township
+23.8%

Housing Supply in Crane, MO

How many homes are available in Crane, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1315+15.4%

Summary: The Crane real estate market had 15 homes for sale in May 2024, a 15.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 22
0.0%
3 68
+33.3%
4 44
0.0%
5+ 00
0.0%

Summary: The Crane 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 increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crane, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Crane in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Crane, MO

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

Average Sale Time

May 2023May 2024CHANGE
33 Days31 Days-7.5%

Summary: Homes in Crane had an average of 31 days on market in May 2024, down by 7.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Crane; 50% of homes were sold within 30 days, 50% 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 10 Days Ago

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