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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murphysboro is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Murphysboro, IL

How much do homes in Murphysboro, IL cost?

Median Sold Price

$110,000

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$950(-0.9%)

Key Takeaway

Homes in Murphysboro have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Murphysboro was $110,000 in December 2024, down 0.9% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $150.2K$359K
+138.9%
2 $69K$58.7K
-14.9%
3 $118.3K$116.9K
-1.2%
4 $155K$200K
+29.0%
5+ $235.5K$307.5K
+30.6%

Summary: Murphysboro housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.9%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Cities

Murphysboro
-0.9%
Murphysboro Township
-4.9%

Housing Supply in Murphysboro, IL

How many homes are available in Murphysboro, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5445-16.7%

Summary: The Murphysboro real estate market had 45 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1514
-6.7%
3 2620
-23.1%
4 129
-25.0%
5+ 01
+100.0%

Summary: The Murphysboro housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 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. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Murphysboro in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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

Dec 2023Dec 2024CHANGE
41 Days95 Days+129.8%

Summary: Homes in Murphysboro had an average of 95 days on market in Dec 2024, up by 129.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Murphysboro has remained consistent over time.

Summary: During December 2024, 8 homes were sold in Murphysboro; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% 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 15 Days Ago

Newest Listings in Murphysboro, IL

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