$10,000 Closing Credit*
$1,598,000
1,882 SqFt
4 Beds
•3 Full Baths, 1 Partial
David Lillo, Listing Office: DPL Real Estate
Is East Murphy, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, East Murphy has remained a Seller's Market.
Key Takeaway
East Murphy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Murphy, CA
How much do homes in East Murphy, CA cost?
Median Sold Price
$1,644,500
$971/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$178,500(+12.2%)
Key Takeaway
Homes in East Murphy have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in East Murphy was $1,644,500 in September 2024, up 12.2% from last year, and the median price per square foot was $971.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $712.5K | - | N/A |
| 2 Bedrooms | $944K | $1.1M | +19.2% |
| 3 Bedrooms | $1.4M | $1.6M | +11.0% |
| 4 Bedrooms | $1.6M | $1.7M | +7.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: East Murphy housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.
Housing Supply in East Murphy, CA
How many homes are available in East Murphy, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Summary: The East Murphy real estate market had 27 homes for sale in September 2024, a 50.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Murphy housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Murphy, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in East Murphy in September 2024, down by 28.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Murphy, CA
How long does it take to sell a home in East Murphy, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 28 Days | +109.8% |
Summary: Homes in East Murphy had an average of 28 days on market in Sep 2024, up by 109.8% 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
Key Takeaway
Many homes in East Murphy are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in East Murphy; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.