Is Murphysboro, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Murphysboro was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $63K | -53.3% |
2 Bedrooms | $57.5K | $67K | +16.5% |
3 Bedrooms | $86.8K | $120K | +38.2% |
4 Bedrooms | $107.5K | $172.7K | +60.7% |
5+ Bedrooms | $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 | $74K | $114.8K | +55.3% |
Murphysboro Township | $88.5K | $117K | +32.2% |
Somerset Township | $135K | $155K | +14.8% |
Housing Supply in Murphysboro, IL
How many homes are available in Murphysboro, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 42 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 2 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 9 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
78 Days | 151 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
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.