Is Murphy, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murphy is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Murphy has remained a Seller's Market.

Key Takeaway

Murphy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Murphy, MO

How much do homes in Murphy, MO cost?

Median Sold Price

$726,149

$346/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$95,855(+15.2%)

Key Takeaway

Homes in Murphy have sold for 15.2% more than they did a month ago.

Summary: The median home sold price in Murphy was $726,149 in November 2024, up 15.2% from last month, and the median price per square foot was $346.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $630.2K$732.5K
+16.2%
4 -$719.7K
N/A
5+ --
N/A

Summary: Murphy 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 did not change, 3 bedroom homes increased by 16.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Murphy, MO

How many homes are available in Murphy, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2826-7.1%

Summary: The Murphy real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1618
+12.5%
4 83
-62.5%
5+ 23
+50.0%

Summary: The Murphy 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murphy, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Murphy in November 2024, up by 25.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Murphy, MO

How long does it take to sell a home in Murphy, MO?

Average Sale Time

Oct 2024Nov 2024CHANGE
25 Days19 Days-24.0%

Summary: Homes in Murphy had an average of 19 days on market in Nov 2024, down by 24% compared to last month.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Murphy are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Murphy; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 10/01/2024 - 12/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:53:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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