Is Murray, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murray is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Murray has remained a Seller's Market.

Key Takeaway

Murray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Murray, KY

How much do homes in Murray, KY cost?

Median Sold Price

$265,000

$139/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$2,500(+1.0%)

Key Takeaway

Homes in Murray have sold for 1% more than they did a month ago.

Summary: The median home sold price in Murray was $265,000 in April 2024, up 1% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $88K$158.8K
+80.5%
3 $255K$246.9K
-3.2%
4 $320K$448.4K
+40.1%
5+ $590K$410K
-30.5%

Summary: Murray housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 80.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes decreased by 30.5%.

Median Sold Price Compared To Nearby Cities

Hazel-Lynn Grove
+112.0%
Murray
+1.0%

Housing Supply in Murray, KY

How many homes are available in Murray, KY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
85101+18.8%

Summary: The Murray real estate market had 101 homes for sale in April 2024, a 18.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1010
0.0%
3 4050
+25.0%
4 2829
+3.6%
5+ 711
+57.1%

Summary: The Murray housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2019-5.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Murray, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Murray in April 2024, down by 5.0% month-over-month. Of the 19 sold homes, 58% were sold under asking, 37% were sold at asking, and 5% were sold over asking.

Days on Market for Murray, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Murray, KY

Nearby Markets to Murray, KY