$2,957 Closing Credit*
$249,000
1,520 SqFt
5 Beds
•1 Full Bath
Listing Office: Keller Williams Preferred 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 October 2023
Since last year, Murray County has remained a Seller'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
$163,750
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,750(+31.0%)
Key Takeaway
Homes in Murray County have sold for 31% more than they did a year ago.
Summary: The median home sold price in Murray County was $163,750 in October 2024, up 31% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $83.2K | -36.0% |
| 2 Bedrooms | $96.7K | $114.5K | +18.3% |
| 3 Bedrooms | $110.2K | $180K | +63.3% |
| 4 Bedrooms | $144.6K | $240K | +66.0% |
| 5+ Bedrooms | $229.9K | $310K | +34.8% |
Summary: Murray County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 63.3%, 4 bedroom homes increased by 66%, and 5+ bedroom homes increased by 34.8%.
Median Sold Price Compared To Nearby Counties
| Murray County | $125K | $163.7K | +31.0% |
| Nobles County | $195K | $237K | +21.5% |
| Pipestone County | $157.5K | $172K | +9.2% |
| Lyon County | $175K | $190K | +8.6% |
| Cottonwood County | $164.5K | $140K | -14.9% |
Housing Supply in Murray County, MN
How many homes are available in Murray County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Murray County real estate market had 35 homes for sale in October 2024, a 12.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Murray County 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 increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Murray County in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 44 Days | -13.2% |
Summary: Homes in Murray County had an average of 44 days on market in Oct 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Murray County has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Murray County; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
