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 December 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

$110,000

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$950(-0.9%)

Key Takeaway

Homes in Murphysboro have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Murphysboro was $110,000 in December 2024, down 0.9% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $150.2K$359K
+138.9%
2 $69K$58.7K
-14.9%
3 $118.3K$116.9K
-1.2%
4 $155K$200K
+29.0%
5+ $235.5K$307.5K
+30.6%

Summary: Murphysboro housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.9%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Cities

Murphysboro
-0.9%
Murphysboro Township
-4.9%

Housing Supply in Murphysboro, IL

How many homes are available in Murphysboro, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5445-16.7%

Summary: The Murphysboro real estate market had 45 homes for sale in December 2024, a 16.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1514
-6.7%
3 2620
-23.1%
4 129
-25.0%
5+ 01
+100.0%

Summary: The Murphysboro housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were 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. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Murphysboro in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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

Dec 2023Dec 2024CHANGE
41 Days95 Days+129.8%

Summary: Homes in Murphysboro had an average of 95 days on market in Dec 2024, up by 129.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Murphysboro has remained consistent over time.

Summary: During December 2024, 8 homes were sold in Murphysboro; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% 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 4 Days Ago

Newest Listings in Murphysboro, IL

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