$29,000
1.23 Acres
Land
Janette DeWitt, Listing Office: Kopperud 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
Since last month, Murray has remained a Seller's Market.
Key Takeaway
Murray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Murray, KY
How much do homes in Murray, KY cost?
Median Sold Price
$217,750
$131/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$42,250(-16.3%)
Key Takeaway
Homes in Murray have sold for 16.2% less than they did a month ago.
Summary: The median home sold price in Murray was $217,750 in October 2024, down 16.3% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $196.2K | $134K | -31.7% |
| 3 Bedrooms | $241K | $232.5K | -3.5% |
| 4 Bedrooms | $287.2K | $200.2K | -30.3% |
| 5+ Bedrooms | $345K | $349.5K | +1.3% |
Summary: Murray housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.7%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 30.3%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in Murray, KY
How many homes are available in Murray, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 121 | 118 | -2.5% |
Summary: The Murray real estate market had 118 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 59 | 55 | -6.8% |
| 4 Bedrooms | 41 | 40 | -2.4% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Murray housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murray, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Murray in October 2024, up by 24.0% month-over-month. Of the 30 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market for Murray, KY
How long does it take to sell a home in Murray, KY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 36 Days | +300.0% |
Summary: Homes in Murray had an average of 36 days on market in Oct 2024, up by 300% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Murray has remained consistent over time.
Summary: During October 2024, 31 homes were sold in Murray; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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