$10,000 Closing Credit*
$1,250,000
1,093 SqFt
2 Beds
•2 Full Baths
#RLMX-105087, Richard Skinner, Listing Office: Yoreevo LLC
Is Murray Hill, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Murray Hill has remained a Buyer's Market.
Key Takeaway
Murray Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Murray Hill, NY
How much do homes in Murray Hill, NY cost?
Median Sold Price
$975,000
$1,163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$63,333(+6.9%)
Key Takeaway
Homes in Murray Hill have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Murray Hill was $975,000 in November 2024, up 6.9% from last year, and the median price per square foot was $1,163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $750K | 0.0% |
| 2 Bedrooms | $1.2M | $1.3M | +4.8% |
| 3 Bedrooms | $2.1M | $1.7M | -17.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $3.3M | $5.7M | +70.8% |
Summary: Murray Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 70.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Tudor City | $530K | $612.9K | +15.6% |
| Murray Hill | $911.6K | $975K | +6.9% |
| Kips Bay | $900K | $830K | -7.8% |
| Turtle Bay | $1.1M | $999.9K | -9.1% |
Housing Supply in Murray Hill, NY
How many homes are available in Murray Hill, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 213 | 175 | -17.8% |
Summary: The Murray Hill real estate market had 175 homes for sale in November 2024, a 17.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 109 | 85 | -22.0% |
| 2 Bedrooms | 72 | 58 | -19.4% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Murray Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 12 | -47.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
11 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murray Hill, expect to pay close to the asking price. 91.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Murray Hill in November 2024, down by 47.8% month-over-month. Of the 12 sold homes, 8% were sold under asking, 92% were sold at asking, and 0% were sold over asking.
Days on Market for Murray Hill, NY
We’re sorry, we don't have information for this market at the moment
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This 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.