Is Murray County, MN 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, Murray County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $130K | N/A |
2 Bedrooms | $70K | $100K | +42.9% |
3 Bedrooms | $125.6K | $127K | +1.1% |
4 Bedrooms | $164.5K | $165K | 0.3% |
5+ Bedrooms | $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 | $141K | $161.5K | +14.5% |
Nobles County | $195K | $209K | +7.2% |
Murray County | $125.6K | $128.4K | +2.3% |
Cottonwood County | $157.5K | $159K | +1.0% |
Lyon County | $190.3K | $184.3K | -3.2% |
Housing Supply in Murray County, MN
How many homes are available in Murray County, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 24 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 4 | 3 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 2 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 109 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
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.