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 April 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

$300,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$50,000(+20.0%)

Key Takeaway

Homes in Strafford have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$122.4K
N/A
2 $144.5K$265K
+83.4%
3 $227K$269.7K
+18.8%
4 $375K$396K
+5.6%
5+ $525K$389.9K
-25.7%

Summary: Strafford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.4%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 25.7%.

Median Sold Price Compared To Nearby Cities

Strafford
+20.0%
Jackson No. 2 Township
+15.2%
North Campbell No. 1 Township
-5.3%

Housing Supply in Strafford, MO

How many homes are available in Strafford, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2327+17.4%

Summary: The Strafford real estate market had 27 homes for sale in April 2024, a 17.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 33
0.0%
3 812
+50.0%
4 69
+50.0%
5+ 63
-50.0%

Summary: The Strafford housing inventory by bedroom type for April 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 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Strafford, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Strafford in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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

Apr 2023Apr 2024CHANGE
63 Days17 Days-73.3%

Summary: Homes in Strafford had an average of 17 days on market in Apr 2024, down by 73.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 April 2024, 8 homes were sold in Strafford; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 22 Days Ago

Newest Listings in Strafford, MO

Nearby Markets to Strafford, MO