in Murray, UT • 2026 Buying Guide
Best Month
January
$350K
Avoid
July
$386K
Potential Savings
$36K
9.3% difference
Market Type
Balanced
3.2 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$520K
-1.9% YoY
Days on Market
75
median days
Inventory
117
active listings
Sale-to-List Ratio
97.9%
room to negotiate
Jan
$350K
BestFeb
$354K
Mar
$354K
Apr
$357K
May
$366K
Jun
$374K
Jul
$386K
PeakAug
$365K
Sep
$375K
Oct
$375K
Nov
$373K
Dec
$366K
Based on historical sales data in Murray
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Murray's median price at $520K, a 20% down payment would be approximately $104K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Murray's housing market, January is typically the best time to buy a condo. During this month, prices average around $350K, which is 9.3% lower than peak prices in July. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Murray is $520K. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed -1.9%. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Murray has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Murray include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Murray currently spend an average of 75 days on market. This suggests a slower market where you have more time to negotiate.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Murray's median price of $520K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Murray? Our analysis shows that January typically offers the best prices, with homes averaging around $350K. Buying during this time could save you up to $36K compared to peak months like July.
With a median price of $520K and homes spending an average of 75 days on market, Murray is currently a balanced market. There's currently 3.2 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Murray can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.