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 August 2023

Since last year, Murphy Creek has remained a Seller'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

$610,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$27,500(+4.7%)

Key Takeaway

Homes in Murphy Creek have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Murphy Creek was $610,000 in August 2024, up 4.7% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $377K$409K
+8.5%
3 $495K$508.5K
+2.7%
4 $650K$640K
-1.5%
5+ $617K$650K
+5.3%

Summary: Murphy Creek housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 5.3%.

Housing Supply in Murphy Creek, CO

How many homes are available in Murphy Creek, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3037+23.3%

Summary: The Murphy Creek real estate market had 37 homes for sale in August 2024, a 23.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1416
+14.3%
4 1214
+16.7%
5+ 46
+50.0%

Summary: The Murphy Creek housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were 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. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Murphy Creek in August 2024, up by 100.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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

Aug 2023Aug 2024CHANGE
28 Days62 Days+121.6%

Summary: Homes in Murphy Creek had an average of 62 days on market in Aug 2024, up by 121.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 August 2024, 10 homes were sold in Murphy Creek; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 27 Days Ago

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Last updated on: 9/27/2024, 11:12:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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