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 seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Murray County has remained a Seller's Market.

Key Takeaway

Murray County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Murray County, GA

How much do homes in Murray County, GA cost?

Median Sold Price

$249,950

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,450(+7.5%)

Key Takeaway

Homes in Murray County have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Murray County was $249,950 in March 2024, up 7.5% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $200K$36K
-82.0%
2 $190K$135K
-28.9%
3 $227.9K$246.9K
+8.3%
4 $280K$310K
+10.7%
5+ $288.5K$425K
+47.3%

Summary: Murray County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82%, 2 bedroom homes decreased by 28.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 47.3%.

Median Sold Price Compared To Nearby Counties

Whitfield County
+13.6%
Murray County
+7.5%
Gordon County
+3.7%
Bradley County
+1.8%
Gilmer County
+1.3%

Housing Supply in Murray County, GA

How many homes are available in Murray County, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7388+20.5%

Summary: The Murray County real estate market had 88 homes for sale in March 2024, a 20.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 811
+37.5%
3 5158
+13.7%
4 1217
+41.7%
5+ 22
0.0%

Summary: The Murray County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
920+122.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were 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. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Murray County in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% 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

Mar 2023Mar 2024CHANGE
23 Days88 Days+272.1%

Summary: Homes in Murray County had an average of 88 days on market in Mar 2024, up by 272.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Murray County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 20 homes were sold in Murray County; 15% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 18 Days Ago

Newest Listings in Murray County, GA

Nearby Markets to Murray County, GA

What housing markets are near Murray County, GA?