Is Murphysboro, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Murphysboro was a Seller's Market.
Housing Prices in Murphysboro, IL
How much do homes in Murphysboro, IL cost?
Median Sold Price
$114,777
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Murphysboro was $114,777 in March 2024, up 45.4% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $63K | -53.3% |
2 Bedrooms | $61.5K | $67K | +8.9% |
3 Bedrooms | $90K | $120K | +33.3% |
4 Bedrooms | $140K | $163.5K | +16.8% |
5+ Bedrooms | $185.9K | $230K | +23.7% |
Summary: Murphysboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.3%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
Murphysboro | $78.9K | $114.7K | +45.4% |
Murphysboro Township | $92.5K | $116.8K | +26.4% |
Housing Supply in Murphysboro, IL
How many homes are available in Murphysboro, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 44 | +7.3% |
Summary: The Murphysboro real estate market had 44 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 6 | 2 | -66.7% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Murphysboro 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 15.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Murphysboro in March 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 31 Days | -32.2% |
Summary: Homes in Murphysboro had an average of 31 days on market in Mar 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Murphysboro; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.