Is Murray, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murray is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Murray was a Buyer'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, NY

How much do homes in Murray, NY cost?

Median Sold Price

$169,950

$126/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$60,950(+55.9%)

Key Takeaway

Homes in Murray have sold for 55.9% more than they did a month ago.

Summary: The median home sold price in Murray was $169,950 in November 2024, up 55.9% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$156.9K
N/A
3 $109K$169.9K
+55.9%
4 --
N/A
5+ --
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 did not change, 3 bedroom homes increased by 55.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Murray, NY

How many homes are available in Murray, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2219-13.6%

Summary: The Murray real estate market had 19 homes for sale in November 2024, a 13.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1212
0.0%
4 43
-25.0%
5+ 32
-33.3%

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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Murray in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Murray, NY

How long does it take to sell a home in Murray, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
10 Days37 Days+258.7%

Summary: Homes in Murray had an average of 37 days on market in Nov 2024, up by 258.7% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Murray; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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

Newest Listings in Murray, NY

Nearby Markets to Murray, NY

What housing markets are near Murray, NY?