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Foreclosures & Short Sales in Murray, Utah
Murray sits right in the middle of the Salt Lake Valley, which makes distressed inventory here move differently than it does in outlying suburbs. With Intermountain Medical Center anchoring local employment, easy access to I-15 and I-215, and a TRAX line running straight through town, foreclosures and short sales in Murray tend to get multiple offers within days of hitting the MLS. Most of what shows up in this category is concentrated in older neighborhoods near State Street, the Murray Park area, and the pockets west of Main Street where homes were built in the 1950s through 1970s. Expect ramblers and split-entries on quarter-acre lots, often needing cosmetic updates, sometimes needing more than that.
Pricing on bank-owned and pre-foreclosure homes in Murray usually runs 5–15% under comparable retail listings, though the discount narrows fast in a tight market. Short sales require lender approval and can take 60–120 days to close, while REO (bank-owned) properties typically close on a normal 30–45 day timeline once the bank accepts terms. Cash and conventional buyers have a real advantage here — many of these homes won't pass FHA or VA appraisal without repairs the seller won't make. If you're open to a project in a central location with quick commutes to downtown SLC, Cottonwood Heights, and the airport, this is a reasonable place to hunt. Browse the active listings below to see what's currently available in Murray.
May 2026 · Murray market
Live from the Utah MLS — what's actually happening in Murray right now.
Median sale
$500,500
41 closed in May 2026
Median DOM
8 days
listing → contract
Sale-to-list
99.2%
of final list price
Unsold inventory
159
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About foreclosures & short sales in Murray.
What's the difference between a foreclosure and a short sale? ▾
A foreclosure (or REO) is a home the bank already owns after the prior owner defaulted — you negotiate directly with the lender's asset manager. A short sale is still owned by the homeowner, but they owe more than the home is worth, so any offer needs the lender's approval before it can close. Short sales take longer; foreclosures close faster but are usually sold strictly as-is.
How many distressed listings does Murray typically have at once? ▾
Murray is a small city (about 50,000 residents and roughly 9 square miles), so the active count is usually low — often just a handful at any given time, sometimes zero. When rates are high or after economic downturns, that number climbs. Setting up an MLS alert is the realistic way to catch new ones as they post.
Can I use an FHA or VA loan on a Murray foreclosure? ▾
Sometimes, but many distressed homes in Murray have deferred maintenance — old roofs, peeling paint, non-functioning HVAC — that won't pass FHA or VA appraisal. Conventional renovation loans (like FHA 203k or Fannie Mae HomeStyle) are often a better fit. Cash buyers and conventional buyers with strong down payments tend to win these bids.
Are short sale offers in Murray negotiable on price? ▾
Yes, but the seller's lender has the final say, not the homeowner. Banks order their own valuation (a BPO or appraisal) and rarely accept offers more than 10% below that number. Lowball offers usually get countered or ignored, and the 60–120 day wait means you should keep looking at other homes while you wait for an answer.
What Murray neighborhoods see the most distressed inventory? ▾
Older areas near State Street, the stretch west of Main between 4500 South and 5900 South, and some of the original Murray townsite homes near the park tend to produce more distressed listings. Newer subdivisions on the east bench rarely show up in this category. Condos and townhomes near Fashion Place and the TRAX stations also appear from time to time.
Should I get a home inspection on a foreclosure? ▾
Absolutely — even more so than on a standard sale. Banks sell as-is and disclose nothing because they've never lived in the home. Budget for an inspection, a sewer scope (Murray has plenty of cast iron and clay lines from the mid-century era), and ideally an HVAC and roof assessment before your due diligence period ends.