Is Crafton, PA 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, 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
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
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171.2K | $180K | +5.1% |
| 3 Bedrooms | $180.5K | $196.4K | +8.8% |
| 4 Bedrooms | $254.9K | $208K | -18.4% |
| 5+ Bedrooms | $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 | $259.9K | $297.5K | +14.5% |
| Ingram | $205K | $206K | 0.5% |
| Crafton | $215K | $211K | -1.9% |
Housing Supply in Crafton, PA
How many homes are available in Crafton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -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
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 5 | 4 | -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 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -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
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 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 13 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
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.
