Is Murphy Creek, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murphy Creek is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Murphy Creek was a Buyer's Market.

Key Takeaway

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

Housing Prices in Murphy Creek, CO

How much do homes in Murphy Creek, CO cost?

Median Sold Price

$550,000

$253/sqft

Based on all homes sold in October 2024.

The Median Sold Price hasn't changed since September 2024.

Key Takeaway

The sold price of homes in Murphy Creek has remained the same since last month.

Summary: The median home sold price in Murphy Creek was $550,000 in October 2024, the same as last month, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$409K
N/A
3 $510K$524.5K
+2.8%
4 $582.5K$645K
+10.7%
5+ -$649K
N/A

Summary: Murphy Creek housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes did not change.

Housing Supply in Murphy Creek, CO

How many homes are available in Murphy Creek, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3135+12.9%

Summary: The Murphy Creek real estate market had 35 homes for sale in October 2024, a 12.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1214
+16.7%
4 1212
0.0%
5+ 23
+50.0%

Summary: The Murphy Creek housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murphy Creek, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Murphy Creek in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.

Days on Market for Murphy Creek, CO

How long does it take to sell a home in Murphy Creek, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
41 Days56 Days+35.8%

Summary: Homes in Murphy Creek had an average of 56 days on market in Oct 2024, up by 35.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Murphy Creek; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 24 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 09/01/2024 - 11/01/2024

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Last updated on: 11/24/2024, 7:12:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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