Is Murrayville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Murrayville was a Seller's Market.
Housing Prices in Murrayville, GA
How much do homes in Murrayville, GA cost?
Median Sold Price
$400,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Murrayville was $400,000 in May 2024, down 1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $250K | N/A |
2 Bedrooms | $275K | $265K | -3.6% |
3 Bedrooms | $330K | $344.9K | +4.5% |
4 Bedrooms | $449.9K | $482K | +7.1% |
5+ Bedrooms | $718.7K | $731.1K | +1.7% |
Summary: Murrayville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Three Sisters Mountain | $355K | $382.4K | +7.7% |
Blacks Mill | $425.6K | $454.2K | +6.7% |
Gainesville | $379.9K | $390.7K | +2.8% |
Chestatee | $489.6K | $490K | 0.1% |
Murrayville | $404K | $400K | -1.0% |
Housing Supply in Murrayville, GA
How many homes are available in Murrayville, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
179 | 199 | +11.2% |
Summary: The Murrayville real estate market had 199 homes for sale in May 2024, a 11.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 70 | 70 | 0.0% |
4 Bedrooms | 70 | 81 | +15.7% |
5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Murrayville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 32 | -3.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Murrayville in May 2024, down by 3.0% month-over-month. Of the 31 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Murrayville, GA
How long does it take to sell a home in Murrayville, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 27 Days | -35.4% |
Summary: Homes in Murrayville had an average of 27 days on market in May 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in Murrayville; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.