Is Murray County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murray County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Murray County was a Seller's Market.

Key Takeaway

Murray County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Murray County, MN

How much do homes in Murray County, MN cost?

Median Sold Price

$128,450

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$2,850(+2.3%)

Key Takeaway

Homes in Murray County have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Murray County was $128,450 in February 2024, up 2.3% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$130K
N/A
2 $70K$100K
+42.9%
3 $125.6K$127K
+1.1%
4 $164.5K$165K
0.3%
5+ $284K$207.5K
-26.9%

Summary: Murray County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 26.9%.

Median Sold Price Compared To Nearby Counties

Pipestone County
+14.5%
Nobles County
+7.2%
Murray County
+2.3%
Cottonwood County
+1.0%
Lyon County
-3.2%

Housing Supply in Murray County, MN

How many homes are available in Murray County, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1824+33.3%

Summary: The Murray County real estate market had 24 homes for sale in February 2024, a 33.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 99
0.0%
4 37
+133.3%
5+ 43
-25.0%

Summary: The Murray County 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 increased by 150%, 3 bedroom homes remained the same, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murray County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Murray County in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Murray County, MN

How long does it take to sell a home in Murray County, MN?

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days109 Days+162.8%

Summary: Homes in Murray County had an average of 109 days on market in Feb 2024, up by 162.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Murray County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 Murray County, MN

Nearby Markets to Murray County, MN

What housing markets are near Murray County, MN?