Is Murray County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murray County is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Murray County was a Seller's Market.

Key Takeaway

Murray County 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 Murray County, GA

How much do homes in Murray County, GA cost?

Median Sold Price

$250,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$8,750(-3.4%)

Key Takeaway

Homes in Murray County have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Murray County was $250,000 in September 2024, down 3.4% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $118K-
N/A
2 $198K$178.4K
-9.9%
3 $243.6K$239.9K
-1.6%
4 $301.5K$380K
+26.0%
5+ $355K$365K
+2.8%

Summary: Murray County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Counties

Gilmer County
+8.2%
Whitfield County
+7.3%
Gordon County
+4.6%
Bradley County
+3.5%
Murray County
-3.4%

Housing Supply in Murray County, GA

How many homes are available in Murray County, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7174+4.2%

Summary: The Murray County real estate market had 74 homes for sale in September 2024, a 4.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 914
+55.6%
3 4846
-4.2%
4 1113
+18.2%
5+ 31
-66.7%

Summary: The Murray County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1912-36.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murray County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Murray County in September 2024, down by 36.8% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for Murray County, GA

How long does it take to sell a home in Murray County, GA?

Average Sale Time

Sep 2023Sep 2024CHANGE
9 Days69 Days+666.7%

Summary: Homes in Murray County had an average of 69 days on market in Sep 2024, up by 666.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Murray County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 12 homes were sold in Murray County; 17% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 Sep 1, 2024

Newest Listings in Murray County, GA

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