Is Murphy Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Murphy Township was a Seller's Market.
Housing Prices in Murphy Township, NC
How much do homes in Murphy Township, NC cost?
Median Sold Price
$329,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Murphy Township was $329,000 in April 2024, up 9.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $180K | +19.2% |
2 Bedrooms | $294K | $322.5K | +9.7% |
3 Bedrooms | $360K | $402.4K | +11.8% |
4 Bedrooms | $510.5K | $347.5K | -31.9% |
5+ Bedrooms | - | $340K | N/A |
Summary: Murphy Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes did not change.
Housing Supply in Murphy Township, NC
How many homes are available in Murphy Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 182 | +32.8% |
Summary: The Murphy Township real estate market had 182 homes for sale in April 2024, a 32.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 68 | 88 | +29.4% |
3 Bedrooms | 48 | 64 | +33.3% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Murphy Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Murphy Township in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Murphy Township, NC
How long does it take to sell a home in Murphy Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 27 Days | +147.3% |
Summary: Homes in Murphy Township had an average of 27 days on market in Apr 2024, up by 147.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Murphy Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.