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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Strafford is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Strafford, MO

How much do homes in Strafford, MO cost?

Median Sold Price

$292,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,050(+1.8%)

Key Takeaway

Homes in Strafford have sold for 1.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $74.9K$170K
+127.0%
2 $150K$166.5K
+11.0%
3 $230.4K$267.3K
+16.0%
4 $379K$380K
0.3%
5+ $525K$429.9K
-18.1%

Summary: Strafford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 127%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 18.1%.

Median Sold Price Compared To Nearby Cities

Jackson No. 2 Township
+15.0%
Strafford
+1.8%
North Campbell No. 1 Township
-4.8%

Housing Supply in Strafford, MO

How many homes are available in Strafford, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2625-3.8%

Summary: The Strafford real estate market had 25 homes for sale in May 2024, a 3.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1211
-8.3%
4 89
+12.5%
5+ 34
+33.3%

Summary: The Strafford 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 decreased by 66.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Strafford, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Strafford in May 2024, down by 37.5% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Strafford, MO

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

Average Sale Time

May 2023May 2024CHANGE
24 Days13 Days-43.0%

Summary: Homes in Strafford had an average of 13 days on market in May 2024, down by 43% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Strafford; 80% of homes were sold within 30 days, 20% 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

Newest Listings in Strafford, MO

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