Is Murphysboro, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murphysboro is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Murphysboro, IL

How much do homes in Murphysboro, IL cost?

Median Sold Price

$113,500

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,600(+3.3%)

Key Takeaway

Homes in Murphysboro have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Murphysboro was $113,500 in November 2024, up 3.3% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150.2K-
N/A
2 $69.5K$58.2K
-16.2%
3 $116.7K$130K
+11.3%
4 $157K$200K
+27.4%
5+ $168.5K$307.5K
+82.5%

Summary: Murphysboro 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 decreased by 16.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 82.5%.

Median Sold Price Compared To Nearby Cities

Murphysboro
+3.3%
Murphysboro Township
-0.8%
Somerset Township
-14.4%

Housing Supply in Murphysboro, IL

How many homes are available in Murphysboro, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5154+5.9%

Summary: The Murphysboro real estate market had 54 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1215
+25.0%
3 2526
+4.0%
4 1312
-7.7%
5+ 00
0.0%

Summary: The Murphysboro 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 increased by 25%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murphysboro, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Murphysboro in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.

Days on Market for Murphysboro, IL

How long does it take to sell a home in Murphysboro, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days54 Days+312.8%

Summary: Homes in Murphysboro had an average of 54 days on market in Nov 2024, up by 312.8% compared to last year.

Breakdown of Home Sale Times

6 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 Murphysboro are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Murphysboro; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 2 Days Ago

Newest Listings in Murphysboro, IL

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