Is Murrayville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Murrayville was a Seller's Market.
Key Takeaway
Murrayville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Murrayville, GA
How much do homes in Murrayville, GA cost?
Median Sold Price
$400,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Murrayville have sold for 1% less than they did a year ago.
Summary: The median home sold price in Murrayville was $400,000 in May 2024, down 1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $275K | $265K | -3.6% |
| 3 Bedrooms | $330K | $344.9K | +4.5% |
| 4 Bedrooms | $449.9K | $482K | +7.1% |
| 5+ Bedrooms | $718.7K | $731.1K | +1.7% |
Summary: Murrayville 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 decreased by 3.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Three Sisters Mountain | $355K | $382.4K | +7.7% |
| Blacks Mill | $425.6K | $454.2K | +6.7% |
| Gainesville | $379.9K | $390.7K | +2.8% |
| Chestatee | $489.6K | $490K | 0.1% |
| Murrayville | $404K | $400K | -1.0% |
Housing Supply in Murrayville, GA
How many homes are available in Murrayville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 179 | 199 | +11.2% |
Summary: The Murrayville real estate market had 199 homes for sale in May 2024, a 11.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 70 | 70 | 0.0% |
| 4 Bedrooms | 70 | 81 | +15.7% |
| 5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Murrayville 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 increased by 83.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murrayville, you may be able to get a good deal. 71% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Murrayville in May 2024, down by 3.0% month-over-month. Of the 31 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Murrayville, GA
How long does it take to sell a home in Murrayville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 27 Days | -35.4% |
Summary: Homes in Murrayville had an average of 27 days on market in May 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Murrayville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Murrayville; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.