$55,000
Land
Listing Office: askRICK.com dba Walker Area Realty
Is Murray County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Murray County was a Buyer's Market.
Key Takeaway
Murray County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Murray County, MN
How much do homes in Murray County, MN cost?
Median Sold Price
$169,500
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,500(+35.6%)
Key Takeaway
Homes in Murray County have sold for 35.6% more than they did a year ago.
Summary: The median home sold price in Murray County was $169,500 in November 2024, up 35.6% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $83.2K | -36.0% |
| 2 Bedrooms | $96.7K | $127K | +31.3% |
| 3 Bedrooms | $110.2K | $176K | +59.6% |
| 4 Bedrooms | $145K | $240K | +65.5% |
| 5+ Bedrooms | $149.9K | $276K | +84.1% |
Summary: Murray County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 59.6%, 4 bedroom homes increased by 65.5%, and 5+ bedroom homes increased by 84.1%.
Median Sold Price Compared To Nearby Counties
| Murray County | $125K | $169.5K | +35.6% |
| Nobles County | $195K | $239.9K | +23.0% |
| Pipestone County | $160K | $170K | +6.3% |
| Lyon County | $185K | $187.5K | +1.4% |
| Cottonwood County | $163.7K | $144.9K | -11.5% |
Housing Supply in Murray County, MN
How many homes are available in Murray County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Summary: The Murray County real estate market had 32 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Murray County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murray County, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Murray County in November 2024, up by 57.1% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Murray County, MN
How long does it take to sell a home in Murray County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 93 Days | 44 Days | -52.5% |
Summary: Homes in Murray County had an average of 44 days on market in Nov 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Murray County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Murray County; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
