Is Strafford, 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, Strafford has remained a Seller's Market.
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
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $74.9K | $170K | +127.0% |
2 Bedrooms | $150K | $166.5K | +11.0% |
3 Bedrooms | $230.4K | $267.3K | +16.0% |
4 Bedrooms | $379K | $380K | 0.3% |
5+ Bedrooms | $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 | $230.4K | $265K | +15.0% |
Strafford | $287.4K | $292.5K | +1.8% |
North Campbell No. 1 Township | $475K | $452K | -4.8% |
Housing Supply in Strafford, MO
How many homes are available in Strafford, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 25 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 3 | 4 | +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 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 13 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
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.