What's Your Murray Home Worth?
Get a free, no-obligation valuation of your Murray home from a local expert — not an automated guess. We price it against the homes actually selling in your neighborhood right now.
- Comparable sales from your part of Murray
- A price range and a strategy for your timeline
- A short call, video or in-person visit
- No obligation, no listing pressure
Request your Murray home valuation
A local agent reviews it personally and sends your number — usually same day.
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A Murray agent is preparing your home value now. Watch your email and phone.
Murray home values right now
What Murray homes are actually selling for
The quickest way to sanity-check any number you've seen for your house is to look at what the market is doing now. These figures come from closed sales in the MLS and refresh automatically.
30 residential sales closed in October 2026. Typical asking price today: $518,000. 203 homes for sale. Year-over-year compares October 2026 with the same month last year.
Are Murray home prices dropping?
The median sale price is down about 12.9% from the same month a year ago. One month's median moves with whichever homes happened to sell, so read it as a direction, not a precise change for your home. Buyers have more choice than they did, so pricing correctly from the first day matters more than it used to. Homes that start too high tend to take a reduction later.
Is Murray a buyer's or seller's market?
With about 6.8 months of supply, the market leans toward buyers. Under about four months usually favors sellers; over six favors buyers. Homes are closing at about 97.3% of list price, so most sellers are negotiating a little, not taking big cuts. The citywide number hides a lot. A move-in-ready home in a popular neighborhood can still draw quick offers while a dated one nearby waits, and that gap is what a home-by-home analysis is for.
Median sale prices by neighborhood in Murray
| Neighborhood | Median sale price | Homes sold | For sale now |
|---|---|---|---|
| Cottonwood | $500,000 | 102 | 45 |
| Waterbury | $331,000 | 13 | 4 |
| Winchester | $623,000 | 12 | 3 |
| Chase | $543,000 | 12 | 6 |
| Cottonwood Creek | $502,000 | 12 | 4 |
| Bullion | $511,000 | 10 | 5 |
| Auburn Gardens | $460,000 | 8 | 2 |
| Three Fountains | $434,000 | 7 | 6 |
| Willowbrook | $253,000 | 6 | 3 |
| Walden Hills | $649,000 | 5 | 2 |
Closed residential sales over the last 12 months, from the MLS. Neighborhoods with fewer than five sales aren't shown. Area medians are a starting point, not an answer: two homes on the same street can sell far apart once size, lot, layout and condition are counted, and a median moves with whatever mix of homes happened to sell.
Selling a home in Murray
Murray sits in the middle of the Salt Lake Valley, with I-15 running through it, three TRAX stations, a FrontRunner connection at Murray Central, Intermountain Medical Center as its largest employer, and Fashion Place Mall. It's an established city of about 53,300 that has added new homes mostly through infill and apartments near transit. Buyers pay for that central location and access, and for the city's parks, its own school district and its own power utility.
Values vary by area and home type. Established single-family neighborhoods like Cottonwood and Winchester, older homes near the historic downtown, and townhomes and condos near TRAX and the hospital all sell differently, as the neighborhood table above shows.
Murray's ZIP codes are shared with Holladay, Millcreek and Cottonwood Heights, and many homes carry a "Salt Lake City" mailing address. A CMA from a local agent uses sales from inside Murray, matched by area, age and style, and adjusts for updates, basement finish, garage and lot.
From a person, not an algorithm
What you get with a free Murray home valuation
A real comparative market analysis from a local agent, the same document we'd prepare for a client deciding whether to list.
Comparable sales
Recent closed sales and active listings near you in Murray, pulled from the same MLS data an appraiser will use.
A price range and a strategy
A realistic range with the reasoning behind it, and the trade-off between pricing to sell quickly and testing the top of the range.
A short consult
Phone, video or in person, your pick. A conversation about your timeline and options, with no obligation to list.
The method
How we figure out what your Murray home is worth
A comparative market analysis answers one question: what will a ready buyer pay for this home right now? It's the same way an appraiser will look at your home if the buyer finances the purchase.
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1
Pull the right closed sales
Utah is a non-disclosure state, so sale prices aren't in public records. We start with closed MLS sales, ideally from your own neighborhood in Murray, from the last three to six months, and close to your home in size, age and style. In a slow pocket we look farther out or farther back, and we tell you when we did.
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2
Adjust for what's different
No comparable sale is identical. We adjust each one for living area, basement finish, lot, garage, views, age and updates. A comp with a brand-new kitchen sold for more than a home without one will, and we account for it.
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3
Read the competition
Closed sales show what happened. Active and pending listings show what a buyer will compare you with next weekend, and expired listings show the prices buyers turned down.
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4
Land on a range, then a strategy
You get a realistic price range, a likely sale price and an expected time on market. Then we talk through how to use it, so you know the trade-off before you decide.
Local factors
What moves home values in Murray
National valuation tools treat a square foot the same everywhere. Buyers here don't. These are the details that most often separate two Murray homes that look identical on paper.
Transit and the medical center
Being close to the Murray North, Murray Central or Fashion Place West TRAX stations, the FrontRunner connection at Murray Central, and Intermountain Medical Center is a real selling point, especially for condos and townhomes. Homes backing onto I-15 or the rail lines sell for less.
Hosted short-term rentals only
Murray allows short-term rentals only when the owner is on the property for the guest's entire stay, with a city permit and business license. Whole-home vacation rentals aren't allowed, and neither is any short-term rental on a property with an ADU. A home can't be priced on vacation-rental income.
ADUs
Murray allows one attached or detached ADU per lot in single-family zones, with an owner living on site, a recorded affidavit, three total parking spaces and a licensed contractor. Detached units need a lot of at least 10,000 square feet, one story, up to 1,000 square feet. A permitted unit adds long-term rental value.
Established homes and updates
Much of Murray was built decades ago. Updated kitchens and baths, newer windows, roofs and furnaces set the top of the range, and documented work helps with buyers and appraisers.
City power
Most of Murray is served by Murray City Power, the city's own electric utility and the only city power system in Salt Lake County, though some addresses are on Rocky Mountain Power. Buyers sometimes ask which one a home has.
Schools by address
Much of Murray is in Murray City School District, with Murray High, while parts of the city are in Granite School District, including Cottonwood High. Buyers check by address.
Parks, golf and the parkway
Murray City Park, the city-run Murray Parkway Golf Course along the Jordan River, and the Jordan River Parkway trails add appeal. Horses are allowed only on agriculturally zoned land of an acre or more, which is rare in Murray.
Know which number you're looking at
Online estimate, CMA or appraisal?
You can get a number for your house in ten seconds from Zillow, Redfin or Realtor.com, and it's a fine place to start. Just know what's behind it. Automated estimates read public records and listing data, and here they often can't see what homes actually sold for. They also can't see your remodeled kitchen, your finished basement or the view from your back patio.
| Online estimate | CMA from a local agent | Appraisal | |
|---|---|---|---|
| Who prepares it | An algorithm | A licensed agent who knows the area | A licensed appraiser |
| What it sees | Public records and listing data | MLS sales, current competition, your home's condition and updates | Closed sales and an inspection of the home |
| Cost | Free | Free | Usually several hundred dollars |
| Turnaround | Instant | Usually within one business day | About a week or more |
| Best for | A rough idea | Deciding whether, when and at what price to sell | A mortgage, refinance, estate or legal matter |
One more number you'll see is the county assessor's market value on your valuation notice. It's set as of January 1 for tax purposes, and a primary residence is taxed on 55% of it because of Utah's 45% residential exemption. It's useful, but it isn't a sale price, so don't price your home from your tax notice.
Before you list
Getting the most for your Murray home
The best return usually comes from the unglamorous work, not a rushed remodel.
- Service the HVAC. Inspectors check heating and cooling first. A recent service record makes buyers more confident.
- Clean up the outside. Trimmed trees, fresh mulch or rock and working sprinklers are a cheap way to improve the first photo.
- Paint and light. Fresh neutral paint and bright bulbs do more for photos and showings than almost anything else at the same cost.
- Fix the small items now. Leaky faucets, cracked tile and worn caulking show up in inspection reports and turn into repair requests.
- Gather your paperwork. HOA documents, any solar agreement, warranties, permits for a finished basement or addition, and records of upgrades answer buyer questions before they turn into negotiation.
- Skip the big remodel. A new kitchen right before listing rarely pays back in full. We'll tell you which updates are worth it for your price range.
Not selling yet? Other good reasons to know your value
Plenty of the valuations we prepare are for owners who aren't listing at all. Knowing what your home would sell for helps when you're:
- • Considering a refinance or HELOC, so you know roughly how much equity you have before a lender orders an appraisal.
- • Deciding whether to sell or rent it out, by putting the likely sale price next to what the home could rent for.
- • Handling an estate, a divorce or a relocation, where everyone needs a realistic number. A court or lender will usually still require a formal appraisal.
- • Planning a move up or down, so you can see what you could afford next before you start shopping.
Murray home value FAQs
How much is my home worth in Murray? +
Are home prices going down in Murray? +
How long does it take to sell a house in Murray? +
Can I rent my Murray home short-term? +
Can I add an ADU in Murray? +
Is an online estimate accurate for a Murray home? +
Homes by school in Murray
Buyers often value a home by its attendance area. See what's for sale near Murray schools.
Home values in nearby cities
Ready to know what your Murray home is worth?
A local expert valuation beats any online estimate — and it's free.
Market figures are sourced from the Regional Multiple Listing Service and refreshed regularly; information is deemed reliable but not guaranteed and should be independently verified. A home valuation is an estimate, not an appraisal.