Is Murphysboro, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murphysboro is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Murphysboro 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 Murphysboro, IL

How much do homes in Murphysboro, IL cost?

Median Sold Price

$114,777

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,777(+17.1%)

Key Takeaway

Homes in Murphysboro have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Murphysboro was $114,777 in September 2024, up 17.1% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $237.5K$63K
-73.5%
2 $64.5K$60K
-7.0%
3 $118.3K$127.5K
+7.7%
4 $145.5K$247K
+69.8%
5+ $168.5K$307.5K
+82.5%

Summary: Murphysboro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.5%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 69.8%, and 5+ bedroom homes increased by 82.5%.

Median Sold Price Compared To Nearby Cities

Murphysboro
+17.1%
Murphysboro Township
+12.2%

Housing Supply in Murphysboro, IL

How many homes are available in Murphysboro, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5754-5.3%

Summary: The Murphysboro real estate market had 54 homes for sale in September 2024, a 5.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 1614
-12.5%
3 2424
0.0%
4 1213
+8.3%
5+ 31
-66.7%

Summary: The Murphysboro 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
169-43.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murphysboro, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Murphysboro in September 2024, down by 43.8% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Murphysboro, IL

How long does it take to sell a home in Murphysboro, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
40 Days28 Days-29.1%

Summary: Homes in Murphysboro had an average of 28 days on market in Sep 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in Murphysboro; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Murphysboro, IL

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