Is Murrysville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Murrysville was a Seller's Market.
Housing Prices in Murrysville, PA
How much do homes in Murrysville, PA cost?
Median Sold Price
$365,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Murrysville was $365,000 in March 2024, up 2.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | - | N/A |
2 Bedrooms | $257K | $230K | -10.5% |
3 Bedrooms | $270K | $260K | -3.7% |
4 Bedrooms | $430K | $420K | -2.3% |
5+ Bedrooms | $580K | $621.5K | +7.2% |
Summary: Murrysville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Washington Township | $205K | $217.9K | +6.3% |
Murrysville | $355K | $365K | +2.8% |
Penn Township | $289K | $285K | -1.4% |
Housing Supply in Murrysville, PA
How many homes are available in Murrysville, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 56 | +16.7% |
Summary: The Murrysville real estate market had 56 homes for sale in March 2024, a 16.7% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Murrysville 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 increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Murrysville in March 2024, down by 36.4% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Murrysville, PA
How long does it take to sell a home in Murrysville, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 32 Days | -54.2% |
Summary: Homes in Murrysville had an average of 32 days on market in Mar 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Murrysville; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.