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Featured local agent — Murray, UT
Sarah Mitchell
Compass Real Estate · Murray, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Murray, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$515,000median sale price
How is the Murray, UT housing market right now?
The median home sale price in Murray, UT is $515,000, down 4.6% year-over-year. Homes sell in an average of 32 days with 154 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Murray a buyer's or seller's market?
Murray, UT is currently a balanced market, based on 3.9 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
40
Last 12 weeks
Days on market
32
Average pace
Active listings
154
3.9 months supply
Sale-to-list
99.6%
Below asking
What does the Murray housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $515,000 |
| Median list price | $575,500 |
| Year-over-year price change | -4.6% |
| Average days on market | 32 days |
| Active inventory | 154 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $258/sq ft |
| Homes sold (latest month) | 40 |
| New listings (latest month) | 78 |
| Listings with a price cut | 31.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Murray by property type?
How the Murray, UT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $590,000 | $263/sq ft | 20 | 15 days |
| Condo / Co-op | $323,500 | $260/sq ft | 12 | 51 days |
| Townhouse | $385,000 | $250/sq ft | 7 | 51 days |
Source: Redfin · Updated monthly
The Murray housing market is currently classified as a balanced market with a median sale price of $515,000. Prices have fallen 4.6% compared to last year, with homes spending an average of 32 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.3x provides context for how home values compare to local earning capacity.
Homes for sale in Murray
There are currently 154 homes listed for sale in Murray, Utah. The median listing price is $576K.
Active listings
154
Homes on market
Median list price
$576K
Avg. days on market
32
Days until sale
New this week
78
Newly listed
Who lives in Murray?
Population
49,904
Median income
$87,864/yr
Median age
38.2 years
Owner-occupied
65.5%
College grads
40.7%
Avg commute
20.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Murray?
Zillow home value
$553,908
Zillow rent index
$1,461/mo
Price-to-rent ratio
31.6x
Price-to-income
6.3x
Source: Zillow Research
What is it like to live in Murray?
Murray is a community of approximately 50K residents with a median age of 38.2 years.The median household income is $87,864, which reflects a relatively affluent area with strong earning potential. 40.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 65.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Murray offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Murray?
13 schools tracked · 7,465 students
The largest public schools serving Murray, UT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Utah Virtual Academy
Grades K-12 · 1,732 students
Murray High
Grades 10-12 · 1,374 students
Hillcrest Jr High
Grades 7-9 · 748 students
Horizon School
Grades K-6 · 614 students
Riverview Jr High
Grades 7-9 · 613 students
Parkside School
Grades K-6 · 473 students
Mcmillan School
Grades K-6 · 459 students
Viewmont School
Grades K-6 · 423 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Murray, UT?
Want a head-to-head view? Compare Murray side-by-side with any other U.S. city using our market-comparison tool.
Is Murray a good real estate investment market?
For investors evaluating Murray, the price-to-rent ratio of 31.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Murray's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Murray's median home price.
Frequently asked questions
What is the average home price in Murray?
The median home sale price in Murray is $515,000, down 4.6% from last year.
How long do homes stay on market in Murray?
Homes typically spend 32 days on market before going under contract.
What is the median income in Murray?
The median household income is $87,864 per year.
Is Murray a buyer's or seller's market?
With 3.9 months of supply, Murray is currently a balanced market.
What is the Zillow home value estimate for Murray?
The Zillow Home Value Index (ZHVI) for Murray is $553,908, representing the typical home value in the area.
What is the median condo price in Murray?
The median condo/co-op sale price in Murray, UT is $323,500, compared to $590,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Murray?
The median single-family home price in Murray, UT is $590,000 (about $263 per square foot).
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