Is Murray Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Murray Hill was a Seller's Market.
Key Takeaway
Murray Hill 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 Murray Hill, FL
How much do homes in Murray Hill, FL cost?
Median Sold Price
$275,000
$221/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Murray Hill has remained the same since last year.
Summary: The median home sold price in Murray Hill was $275,000 in May 2024, the same as last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | $137.5K | +17.5% |
| 2 Bedrooms | $245K | $235K | -4.1% |
| 3 Bedrooms | $288K | $297.7K | +3.4% |
| 4 Bedrooms | $340K | $355.5K | +4.6% |
| 5+ Bedrooms | $373K | $348.5K | -6.6% |
Summary: Murray Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in Murray Hill, FL
How many homes are available in Murray Hill, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 113 | +14.1% |
Summary: The Murray Hill real estate market had 113 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 50 | 59 | +18.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Murray Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 18%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 17 | -39.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murray Hill, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Murray Hill in May 2024, down by 39.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Murray Hill, FL
How long does it take to sell a home in Murray Hill, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 29 Days | -51.1% |
Summary: Homes in Murray Hill had an average of 29 days on market in May 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Murray Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Murray Hill; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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