Is Murray Hill, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murray Hill is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Murray Hill was a Seller's Market.

Key Takeaway

Murray Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Murray Hill, FL

How much do homes in Murray Hill, FL cost?

Median Sold Price

$279,900

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,900(+3.7%)

Key Takeaway

Homes in Murray Hill have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Murray Hill was $279,900 in November 2024, up 3.7% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$135K
0.0%
2 $230K$247.5K
+7.6%
3 $289K$282K
-2.4%
4 $315K$370.2K
+17.5%
5+ $432K$485K
+12.3%

Summary: Murray Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 12.3%.

Housing Supply in Murray Hill, FL

How many homes are available in Murray Hill, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
99990.0%

Summary: The Murray Hill real estate market had 99 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 2828
0.0%
3 5453
-1.9%
4 1212
0.0%
5+ 23
+50.0%

Summary: The Murray Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murray Hill, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Murray Hill in November 2024, down by 7.7% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Murray Hill, FL

How long does it take to sell a home in Murray Hill, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days45 Days+82.4%

Summary: Homes in Murray Hill had an average of 45 days on market in Nov 2024, up by 82.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Murray Hill; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

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