Is Murrysville, PA 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, Murrysville has remained a Seller's Market.
Housing Prices in Murrysville, PA
How much do homes in Murrysville, PA cost?
Median Sold Price
$371,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Murrysville was $371,000 in May 2024, up 7.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | - | N/A |
2 Bedrooms | $257K | $230K | -10.5% |
3 Bedrooms | $265K | $269.9K | +1.8% |
4 Bedrooms | $424K | $432.5K | +2.0% |
5+ Bedrooms | $654K | $604K | -7.6% |
Summary: Murrysville 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 10.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
Export | $259.9K | $367.4K | +41.4% |
Murrysville | $345K | $371K | +7.5% |
Washington Township | $214.9K | $225K | +4.7% |
Penn Township | $299K | $285K | -4.7% |
Delmont | $247.5K | $231.7K | -6.4% |
Housing Supply in Murrysville, PA
How many homes are available in Murrysville, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 83 | +9.2% |
Summary: The Murrysville real estate market had 83 homes for sale in May 2024, a 9.2% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 35 | 33 | -5.7% |
5+ Bedrooms | 8 | 15 | +87.5% |
Summary: The Murrysville 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 25%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 87.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Murrysville in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Murrysville, PA
How long does it take to sell a home in Murrysville, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 47 Days | +154.8% |
Summary: Homes in Murrysville had an average of 47 days on market in May 2024, up by 154.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Murrysville; 72% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.