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 March 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

$296,250

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$46,350(+18.5%)

Key Takeaway

Homes in Strafford have sold for 18.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$122.4K
N/A
2 $144.5K$265K
+83.4%
3 $225K$272.3K
+21.0%
4 $365K$395.5K
+8.4%
5+ $525K$389.9K
-25.7%

Summary: Strafford housing prices by bedroom type for March 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 21%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 25.7%.

Median Sold Price Compared To Nearby Cities

Strafford
+18.5%
Jackson No. 2 Township
+8.7%
North Campbell No. 1 Township
-3.7%

Housing Supply in Strafford, MO

How many homes are available in Strafford, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2128+33.3%

Summary: The Strafford real estate market had 28 homes for sale in March 2024, a 33.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 911
+22.2%
4 57
+40.0%
5+ 67
+16.7%

Summary: The Strafford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Strafford in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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

Mar 2023Mar 2024CHANGE
92 Days50 Days-45.3%

Summary: Homes in Strafford had an average of 50 days on market in Mar 2024, down by 45.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was 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 March 2024, 5 homes were sold in Strafford; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 25 Days Ago

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