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 February 2023

At the same time last year, Murphysboro was a Buyer'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

$114,888

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$40,888(+55.3%)

Key Takeaway

Homes in Murphysboro have sold for 55.3% more than they did a year ago.

Summary: The median home sold price in Murphysboro was $114,888 in February 2024, up 55.3% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $135K$63K
-53.3%
2 $57.5K$67K
+16.5%
3 $86.8K$120K
+38.2%
4 $107.5K$172.7K
+60.7%
5+ $134.7K$235.5K
+74.8%

Summary: Murphysboro housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.3%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 38.2%, 4 bedroom homes increased by 60.7%, and 5+ bedroom homes increased by 74.8%.

Median Sold Price Compared To Nearby Cities

Murphysboro
+55.3%
Murphysboro Township
+32.2%
Somerset Township
+14.8%

Housing Supply in Murphysboro, IL

How many homes are available in Murphysboro, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4142+2.4%

Summary: The Murphysboro real estate market had 42 homes for sale in February 2024, a 2.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1313
0.0%
3 1919
0.0%
4 78
+14.3%
5+ 22
0.0%

Summary: The Murphysboro housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Murphysboro in February 2024, up by 80.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
78 Days151 Days+91.8%

Summary: Homes in Murphysboro had an average of 151 days on market in Feb 2024, up by 91.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 9 homes were sold in Murphysboro; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% 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 28 Days Ago

Newest Listings in Murphysboro, IL

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