Is Crafton, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crafton is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Crafton, PA

How much do homes in Crafton, PA cost?

Median Sold Price

$211,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$4,000(-1.9%)

Key Takeaway

Homes in Crafton have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Crafton was $211,000 in May 2024, down 1.9% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $171.2K$180K
+5.1%
3 $180.5K$196.4K
+8.8%
4 $254.9K$208K
-18.4%
5+ $300K$390K
+30.0%

Summary: Crafton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 30%.

Median Sold Price Compared To Nearby Cities

Robinson Township
+14.5%
Ingram
0.5%
Crafton
-1.9%

Housing Supply in Crafton, PA

How many homes are available in Crafton, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2015-25.0%

Summary: The Crafton real estate market had 15 homes for sale in May 2024, a 25.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 97
-22.2%
4 53
-40.0%
5+ 54
-20.0%

Summary: The Crafton 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crafton, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Crafton in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for Crafton, PA

How long does it take to sell a home in Crafton, PA?

Average Sale Time

May 2023May 2024CHANGE
22 Days13 Days-38.7%

Summary: Homes in Crafton had an average of 13 days on market in May 2024, down by 38.7% compared to last year.

Breakdown of Home Sale Times

3 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 Crafton are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Crafton; 75% of homes were sold within 30 days, 25% 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 16 Days Ago

Newest Listings in Crafton, PA

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