Is Murray County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Murray County has remained a Seller's Market.
Housing Prices in Murray County, GA
How much do homes in Murray County, GA cost?
Median Sold Price
$239,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Murray County was $239,000 in May 2024, up 0.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118K | - | N/A |
2 Bedrooms | $199.5K | $135K | -32.3% |
3 Bedrooms | $230K | $235K | +2.2% |
4 Bedrooms | $272.9K | $321.9K | +17.9% |
5+ Bedrooms | $360K | $305K | -15.3% |
Summary: Murray County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 32.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Counties
Whitfield County | $239.9K | $268.2K | +11.8% |
Bradley County | $293.4K | $314.5K | +7.2% |
Gilmer County | $425.2K | $450.2K | +5.9% |
Gordon County | $259.6K | $270.4K | +4.2% |
Murray County | $238K | $239K | 0.4% |
Housing Supply in Murray County, GA
How many homes are available in Murray County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 85 | +7.6% |
Summary: The Murray County real estate market had 85 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 50 | 53 | +6.0% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Murray County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Murray County in May 2024, down by 25.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Murray County, GA
How long does it take to sell a home in Murray County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
78 Days | 32 Days | -58.1% |
Summary: Homes in Murray County had an average of 32 days on market in May 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Murray County; 7% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.