Name: Murray Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Murray, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Murray, Utah is $530,000, which is 0.9% above the Utah state median of $525,000. Home prices in Murray range from $199,900 to $1,399,000, with an average sale price of $519,895. These figures are based on recent closed transactions in the Murray real estate market.

Question 2

Is Murray, Utah a buyer's or seller's market?

Accepted Answer

Murray, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.2% and homes spending an average of 49 days on the market. Murray’s median home price sits ~1% above the Utah median, while homes sell faster (49 days vs 61 state) and at a near‑list price (99.2% sale‑to‑list).

Question 3

How long do homes stay on the market in Murray?

Accepted Answer

Homes in Murray, Utah spend an average of 49 days on the market before going under contract compared to the Utah state average of 61 days (19.4% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Murray, Utah?

Accepted Answer

As of July 2026, there are 114 active homes for sale in Murray, Utah with 189 new listings added recently. In the most recent reporting period, 102 transactions closed in Murray. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Murray, Utah?

Accepted Answer

Yes — Murray currently has 189 new listings recently added to the market, with prices starting from $199,900. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Murray is $530,000.

Question 6

How does Murray compare to the Utah state average?

Accepted Answer

Murray home prices are 0.9% above the Utah state median of $525,000, with a local median of $530,000. Homes sell faster than the state average — 49 days in Murray vs 61 days statewide (19.4% below average). The sale-to-list ratio is 99.2% locally vs 99.0% statewide.

Question 7

Are homes in Murray more expensive than the Utah average?

Accepted Answer

Yes, homes in Murray are more expensive than the Utah state average. The median home price in Murray is $530,000, compared to the statewide median of $525,000 — a difference of $5,000 (+0.9%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Murray than the rest of Utah?

Accepted Answer

Yes, homes in Murray sell faster than the Utah average. The average days on market in Murray is 49 days, compared to 61 days statewide (19.4% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered balanced.

Question 9

How have home prices changed in Murray over the past year?

Accepted Answer

Home prices in Murray, Utah have decreased by 41.0% over the past year. The median sale price went from $530,000 to $312,500. This decline may signal a shifting market that favors buyers. Check the Murray market trends section above for detailed charts.

Question 10

Is the Murray housing market heating up or cooling down?

Accepted Answer

The Murray housing market is currently showing mixed signals, with prices down 41.0% year-over-year and days on market decreasing by 39.8%. The market temperature is rated "balanced" based on current conditions. Murray’s median home price sits ~1% above the Utah median, while homes sell faster (49 days vs 61 state) and at a near‑list price (99.2% sale‑to‑list). Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Murray home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Murray, Utah was $530,000. Today, the median is $312,500, representing a change of -41.0% ($217,500 decrease). During that same period, the average days on market went from 54 to 33 days.

Question 12

What is the current market outlook for Murray, Utah?

Accepted Answer

Murray’s residential market remains relatively strong despite a pronounced month‑over‑month price dip of 41.6%, which reflects a rapid adjustment after a period of rapid price growth. The median closed price of $530,000 is modestly above the Utah average (+0.9%) and homes are moving quickly—averaging 49 days on market, 19% faster than the state, and achieving a 99.2% sale‑to‑list ratio. Single‑family homes dominate the higher‑price segment with a median of $615,000 and spacious average size (2,469 sq ft), while townhomes and condos sit at a median of $321,000 but have seen a steeper 20.7% YoY price decline, suggesting buyers are gravitating toward the larger, higher‑value homes.

On the macro side, mortgage rates have been on an upward trajectory over the past six months, climbing from 6.11% in January to 6.46% in July, which aligns with statewide news of rising rates and a cooling of pending sales. Unemployment remains stable (U.S. ~4.2‑4.4%, Utah 3.6%), and consumer sentiment is flat, indicating no major shifts in buyer confidence. With inventory sufficient (189 new listings) and days on market below the state average, the market is currently balanced—prices are correcting, but demand remains resilient, making Murray a viable option for buyers who can absorb slightly higher financing costs. The market temperature is rated "balanced." Murray’s median home price sits ~1% above the Utah median, while homes sell faster (49 days vs 61 state) and at a near‑list price (99.2% sale‑to‑list).

Question 13

What are the key highlights of the Murray housing market?

Accepted Answer

Key highlights of the Murray, Utah housing market include: Median price fell 41.6% month‑over‑month, indicating a sharp short‑term correction.. Single‑family homes command a median of $615K (‑0.6% YoY) with an average size of 2,469 sq ft.. Townhomes/condos are much more affordable at $321K median but are down 20.7% YoY.. Mortgage rates have risen from 6.11% in Jan to 6.46% in Jul, adding cost pressure for buyers.. Inventory remains healthy with 189 new listings and 102 closed transactions in the past three months.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Murray, Utah?

Accepted Answer

Homes in Murray, Utah range from $199,900 to $1,399,000, with a median price of $530,000. The standard deviation is $249,206, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What are the best schools in Murray, Utah?

Accepted Answer

Murray has 16 schools. The top-rated schools based on state performance scores include: Viewmont School (58.4% score), 433 students; Horizon School (56% score), 669 students; Grant School (54% score), 322 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Murray schools and nearby homes for sale on Propaired.

Question 16

How do Murray schools compare to the state average?

Accepted Answer

Of the 16 schools in Murray, 0 (0%) are rated as high-performing and 1 have strong academics indicators. Families should research individual school ratings on our Murray schools page for detailed performance breakdowns.

Question 17

Are there STEM or specialty schools in Murray?

Accepted Answer

Yes, Murray has 2 schools with STEM excellence indicators, including Horizon School, Viewmont School. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 18

What is the internet quality in Murray, Utah?

Accepted Answer

Murray has an average broadband download speed of 10000 Mbps and 100% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency. This is above average for Utah, supporting remote work and streaming. Residents have an average of 14.1 provider options.

Question 19

Are single-family homes or condos a better investment in Murray?

Accepted Answer

In Murray, single-family homes have a median price of $615,000 (-0.6% YoY), while townhomes/condos are $321,000 (-20.7% YoY). SFRs sell in 19 days vs 46 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 20

What is the price per square foot in Murray?

Accepted Answer

The median price per square foot in Murray, Utah is $271. The average home size is 2,030 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 21

Is now a good time to buy a home in Murray, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.46% and Utah's unemployment rate is 3.6%, with Murray's market rated as "balanced." Prices are stabilizing at 41.0% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 22

When is the best time to buy a home in Murray?

Accepted Answer

Historically, May offers the most new listings in Murray, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Question 23

Is Murray a safe place to live?

Accepted Answer

Murray has a safety rating of 1.0 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 80.9 per 1,000 residents, which is 74% above the statewide average, making it higher than average for crime. The violent crime rate is 14.9 per 1,000 residents and the property crime rate is 57.8 per 1,000 residents. (Population: 49,238)

Question 24

What is the crime rate in Murray?

Accepted Answer

In 2024, Murray's total NIBRS crime rate was 80.9 offenses per 1,000 residents. This includes crimes against persons (14.9 per 1K), property crimes (57.8 per 1K), and crimes against society. For comparison, the statewide average is approximately 46.4 per 1,000 residents. Source: Bureau of Criminal Identification NIBRS report.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

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