Is Murrysville, 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, Murrysville has remained a Seller's Market.
Key Takeaway
Murrysville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Murrysville, PA
How much do homes in Murrysville, PA cost?
Median Sold Price
$371,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Murrysville have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Murrysville was $371,000 in May 2024, up 7.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $257K | $230K | -10.5% |
| 3 Bedrooms | $265K | $269.9K | +1.8% |
| 4 Bedrooms | $424K | $432.5K | +2.0% |
| 5+ Bedrooms | $654K | $604K | -7.6% |
Summary: Murrysville 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 10.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Export | $259.9K | $367.4K | +41.4% |
| Murrysville | $345K | $371K | +7.5% |
| Washington Township | $214.9K | $225K | +4.7% |
| Penn Township | $299K | $285K | -4.7% |
| Delmont | $247.5K | $231.7K | -6.4% |
Housing Supply in Murrysville, PA
How many homes are available in Murrysville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 83 | +9.2% |
Summary: The Murrysville real estate market had 83 homes for sale in May 2024, a 9.2% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 35 | 33 | -5.7% |
| 5+ Bedrooms | 8 | 15 | +87.5% |
Summary: The Murrysville 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 25%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 87.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murrysville, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Murrysville in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Murrysville, PA
How long does it take to sell a home in Murrysville, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 47 Days | +154.8% |
Summary: Homes in Murrysville had an average of 47 days on market in May 2024, up by 154.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Murrysville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Murrysville; 72% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.