Is Murray Hill, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Murray Hill has remained a Buyer's Market.
Housing Prices in Murray Hill, NY
How much do homes in Murray Hill, NY cost?
Median Sold Price
$900,000
$1,169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Murray Hill was $900,000 in April 2024, up 0.6% from last year, and the median price per square foot was $1,169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $760K | $750K | -1.3% |
2 Bedrooms | $1.4M | $1.2M | -8.0% |
3 Bedrooms | $2.9M | $1.7M | -41.9% |
4 Bedrooms | $8.8M | - | N/A |
5+ Bedrooms | $4.1M | $3.3M | -19.8% |
Summary: Murray Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 41.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Neighborhoods
Garment District | $837K | $1.2M | +50.8% |
Murray Hill | $894.5K | $900K | +0.6% |
Kips Bay | $850K | $849K | -0.1% |
Tudor City | $555K | $542.5K | -2.3% |
Turtle Bay | $1.0M | $1.0M | -3.9% |
Housing Supply in Murray Hill, NY
How many homes are available in Murray Hill, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
198 | 197 | -0.5% |
Summary: The Murray Hill real estate market had 197 homes for sale in April 2024, a 0.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 106 | 99 | -6.6% |
2 Bedrooms | 66 | 66 | 0.0% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Murray Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Murray Hill in April 2024, down by 28.6% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for Murray Hill, NY
We’re sorry, we don't have information for this market at the moment