Is Murray County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Murray County was a Buyer's Market.
Housing Prices in Murray County, MN
How much do homes in Murray County, MN cost?
Median Sold Price
$129,950
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Murray County was $129,950 in April 2024, up 3.5% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $130K | N/A |
2 Bedrooms | $70K | $101K | +44.3% |
3 Bedrooms | $125.6K | $127K | +1.1% |
4 Bedrooms | $178.2K | $165K | -7.4% |
5+ Bedrooms | $149.9K | $310K | +106.8% |
Summary: Murray County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 106.8%.
Median Sold Price Compared To Nearby Counties
Nobles County | $195K | $226.4K | +16.1% |
Pipestone County | $154.5K | $164.5K | +6.5% |
Murray County | $125.6K | $129.9K | +3.5% |
Lyon County | $187.5K | $189K | +0.8% |
Cottonwood County | $161K | $159K | -1.2% |
Housing Supply in Murray County, MN
How many homes are available in Murray County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Summary: The Murray County real estate market had 28 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Murray County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Murray County in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Murray County, MN
How long does it take to sell a home in Murray County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 48 Days | +44.3% |
Summary: Homes in Murray County had an average of 48 days on market in Apr 2024, up by 44.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Murray County; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.