Is Murray Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murray Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Murray Township has remained a Seller's Market.

Key Takeaway

Murray Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Murray Township, MO

How much do homes in Murray Township, MO cost?

Median Sold Price

$251,300

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$21,400(+9.3%)

Key Takeaway

Homes in Murray Township have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $164K$163.5K
-0.3%
3 $214K$235K
+9.8%
4 $282.2K$290K
+2.8%
5+ $329K$408.5K
+24.2%

Summary: Murray Township 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 0.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 24.2%.

Median Sold Price Compared To Nearby Cities

Center No. 1 Township
+28.8%
Willard
+14.0%
Murray Township
+9.3%

Housing Supply in Murray Township, MO

How many homes are available in Murray Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5138-25.5%

Summary: The Murray Township real estate market had 38 homes for sale in May 2024, a 25.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 10
-100.0%
3 2320
-13.0%
4 2114
-33.3%
5+ 63
-50.0%

Summary: The Murray Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
19190.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murray Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Murray Township in May 2024, the same as the previous month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.

Days on Market for Murray Township, MO

How long does it take to sell a home in Murray Township, MO?

Average Sale Time

May 2023May 2024CHANGE
47 Days47 Days-0.3%

Summary: Homes in Murray Township had an average of 47 days on market in May 2024, down by 0.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Murray Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Murray Township; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Murray Township, MO

Nearby Markets to Murray Township, MO

What housing markets are near Murray Township, MO?