Is Murphysboro, IL 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, Murphysboro was a Seller's Market.
Key Takeaway
Murphysboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Murphysboro, IL
How much do homes in Murphysboro, IL cost?
Median Sold Price
$120,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Murphysboro have sold for 48.1% more than they did a year ago.
Summary: The median home sold price in Murphysboro was $120,000 in May 2024, up 48.1% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $63K | -53.3% |
| 2 Bedrooms | $60K | $68.5K | +14.2% |
| 3 Bedrooms | $93.7K | $127.5K | +36.0% |
| 4 Bedrooms | $128K | $173.5K | +35.5% |
| 5+ Bedrooms | $176.7K | $230K | +30.1% |
Summary: Murphysboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.3%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 30.1%.
Median Sold Price Compared To Nearby Cities
| Murphysboro | $81K | $120K | +48.1% |
| Murphysboro Township | $93.7K | $120K | +28.0% |
| Somerset Township | $140.7K | $157K | +11.5% |
Housing Supply in Murphysboro, IL
How many homes are available in Murphysboro, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Murphysboro real estate market had 50 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Murphysboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Murphysboro, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Murphysboro in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Murphysboro, IL
How long does it take to sell a home in Murphysboro, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 106 Days | +54.3% |
Summary: Homes in Murphysboro had an average of 106 days on market in May 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Murphysboro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Murphysboro; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.