Is West Murray, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Murray is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, West Murray was a Buyer's Market.

Key Takeaway

West Murray is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in West Murray, OK

How much do homes in West Murray, OK cost?

Median Sold Price

$212,500

$116/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$25,500(+13.6%)

Key Takeaway

Homes in West Murray have sold for 13.6% more than they did a month ago.

Summary: The median home sold price in West Murray was $212,500 in November 2024, up 13.6% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$50K
N/A
3 $187K$250.7K
+34.1%
4 $322.4K-
N/A
5+ --
N/A

Summary: West 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 34.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Murray
+13.6%
Dougherty
-37.4%

Housing Supply in West Murray, OK

How many homes are available in West Murray, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3132+3.2%

Summary: The West Murray real estate market had 32 homes for sale in November 2024, a 3.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 1518
+20.0%
4 43
-25.0%
5+ 22
0.0%

Summary: The West 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 11.1%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Murray, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in West Murray in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for West Murray, OK

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

Average Sale Time

Oct 2024Nov 2024CHANGE
114 Days66 Days-41.8%

Summary: Homes in West Murray had an average of 66 days on market in Nov 2024, down by 41.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Murray has remained consistent over time.

Summary: During November 2024, 5 homes were sold in West Murray; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

Newest Listings in West Murray, OK

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What housing markets are near West Murray, OK?