Cresson Home Values

While Johnson County's closed sales settled in a little under two months this spring, homes in Cresson took closer to four months to reach the closing table — based on MLS data for 2026-07 closings in Cresson, a gap that has widened rather than narrowed. Price per square foot came in roughly a quarter below the county's benchmark rate, and the median sale price trailed the county figure by nearly $50,000. Sellers here also gave back more ground at the table, settling for roughly eleven cents less on the dollar than asking versus a far smaller discount countywide, while average concession amounts extended a climb now stretching across multiple months.

On the pipeline side, Cresson's supply cushion — a little over ten months at the current pace — runs well past the county's roughly seven-month benchmark, a divergence that's persisted rather than closed. Active listings held flat against last quarter's total, while pending contracts sit at a fraction of that pool, mirroring the same absorption imbalance seen countywide but at a noticeably slower clip locally. New listings continued entering at a pace roughly matching the ratio seen across Johnson County, suggesting Cresson's slower absorption is a matter of degree rather than an entirely separate dynamic.

Homes that closed in Cresson this past quarter spent roughly four months on the market before changing hands — a pace that, based on MLS data for 2026-06 closings in Cresson, has stretched well beyond the full-year norm of about three months. The directional data, drawn from around two dozen closings, suggests the market is slowing measurably: sellers gave back nearly eleven cents on the dollar at closing, and price per square foot in recent transactions has fallen well short of the trailing annual average. Concession activity remained common among closed deals, with average amounts climbing, reinforcing that buyers extracted meaningful give-backs before signing.

The gap between active listings and pending contracts in Cresson widened further heading into mid-year: supply stands at over 100 homes while the pending count has held at just 16 — a ratio that points to continued absorption pressure. With roughly 13 months of supply on hand and new listings entering at a pace that the current pending pipeline cannot absorb, the velocity signal points toward a market where time-to-contract is likely to remain extended. Johnson County's pending activity is proportionally far stronger, suggesting Cresson's slow absorption is a localized condition rather than a county-wide pattern.

The trailing-3mo median price per square foot in Cresson has pulled sharply below the Johnson County baseline, landing well under what the full-year data would suggest — a signal that recent closings are skewing toward lower-value segments or that the market is repricing in earnest. Based on MLS data for recent closings in Cresson, sellers are conceding significantly at the table: buyers in the latest quarter received homes at roughly eleven cents off the dollar from list price, with no transactions closing above ask. The limited sample of roughly two dozen closings carries wide confidence intervals, but the directional pressure on realized prices is unambiguous.

Active listings in Cresson have held steady at nearly 100 homes while pending contracts have compressed to just 16 — a ratio that gives the supply side a decisive edge in near-term conditions. With roughly a dozen months of supply on hand and new listings continuing to enter at a pace that far outpaces absorption, the pipeline confirms what closed-sale data suggests: buyer demand has not kept pace with available stock. Johnson County's broader pending activity is proportionally stronger, indicating Cresson's imbalance is more pronounced than the county-wide trend.