$5,569 Closing Credit*
$469,000
2,165 SqFt
3 Beds
•2 Full Baths
Sue Ann Stevens, Listing Office: Benchmark Realty
Is Murray, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Murray was a Seller's Market.
Key Takeaway
Murray is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Murray, KY
How much do homes in Murray, KY cost?
Median Sold Price
$228,500
$136/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$10,750(+4.9%)
Key Takeaway
Homes in Murray have sold for 4.9% more than they did a month ago.
Summary: The median home sold price in Murray was $228,500 in November 2024, up 4.9% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134K | $116K | -13.4% |
| 3 Bedrooms | $232.5K | $208.2K | -10.4% |
| 4 Bedrooms | $200.2K | $484K | +141.7% |
| 5+ Bedrooms | $349.5K | - | N/A |
Summary: Murray housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.4%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 141.7%, and 5+ bedroom homes did not change.
Housing Supply in Murray, KY
How many homes are available in Murray, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 103 | -9.6% |
Summary: The Murray real estate market had 103 homes for sale in November 2024, a 9.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 53 | 49 | -7.5% |
| 4 Bedrooms | 40 | 37 | -7.5% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Murray 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 decreased by 28.6%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 14 | -53.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murray, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Murray in November 2024, down by 53.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Murray, KY
We’re sorry, we don't have information for this market at the moment
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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