$10,000 Closing Credit*
$899,000
2 Beds
•1 Full Bath
#RPLU-63223249605, Matthew Cohen, Listing Office: Brown Harris Stevens Residential Sales 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 October 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
$972,000
$1,159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,666(+8.4%)
Key Takeaway
Homes in Murray Hill have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Murray Hill was $972,000 in October 2024, up 8.4% from last year, and the median price per square foot was $1,159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $750K | 0.0% |
| 2 Bedrooms | $1.3M | $1.3M | +2.7% |
| 3 Bedrooms | $2.1M | $2.0M | -2.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $3.3M | $6.4M | +93.9% |
Summary: Murray Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 93.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Tudor City | $530K | $620.4K | +17.1% |
| Murray Hill | $896.3K | $972K | +8.4% |
| Kips Bay | $875K | $827.5K | -5.4% |
| Turtle Bay | $1.1M | $995K | -10.8% |
Housing Supply in Murray Hill, NY
How many homes are available in Murray Hill, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 218 | 217 | -0.5% |
Summary: The Murray Hill real estate market had 217 homes for sale in October 2024, a 0.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 119 | 114 | -4.2% |
| 2 Bedrooms | 72 | 72 | 0.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Murray Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.2%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
16 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. 72.7% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Murray Hill in October 2024, up by 10.0% month-over-month. Of the 22 sold homes, 27% were sold under asking, 73% were sold at asking, and 0% were sold over asking.
Days on Market for Murray Hill, NY
How long does it take to sell a home in Murray Hill, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 228 Days | 80 Days | -64.9% |
Summary: Homes in Murray Hill had an average of 80 days on market in Oct 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Murray Hill has remained consistent over time.
Summary: During October 2024, 22 homes were sold in Murray Hill; 0% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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