Is Murray, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Murray has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $137.5K | $88K | -36.0% |
3 Bedrooms | $282.5K | $255K | -9.7% |
4 Bedrooms | $444.9K | $320K | -28.1% |
5+ Bedrooms | $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 | $335K | $350K | +4.5% |
Murray | $282.5K | $262.5K | -7.1% |
Housing Supply in Murray, KY
How many homes are available in Murray, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 86 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 36 | 43 | +19.4% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 6 | 7 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 21 | +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
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