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 1 Day Ago

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