Is Murray, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murray is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Murray has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Murray, KY

How much do homes in Murray, KY cost?

Median Sold Price

$262,500

$117/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$20,000(-7.1%)

Key Takeaway

Homes in Murray have sold for 7.1% less than they did a month ago.

Summary: The median home sold price in Murray was $262,500 in March 2024, down 7.1% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $137.5K$88K
-36.0%
3 $282.5K$255K
-9.7%
4 $444.9K$320K
-28.1%
5+ $192.7K$590K
+206.2%

Summary: Murray housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes increased by 206.2%.

Median Sold Price Compared To Nearby Cities

Almo
+4.5%
Murray
-7.1%

Housing Supply in Murray, KY

How many homes are available in Murray, KY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7786+11.7%

Summary: The Murray real estate market had 86 homes for sale in March 2024, a 11.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 3643
+19.4%
4 2526
+4.0%
5+ 67
+16.7%

Summary: The Murray 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 remained the same, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murray, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Murray in March 2024, up by 5.0% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for Murray, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Murray, KY

Nearby Markets to Murray, KY