Murphy, TX
Housing market overview · Updated weekly
$578,000median sale price
Homes sold
9
Last 12 weeks
Days on market
99
Average pace
Active listings
46
5.1 months supply
Sale-to-list
96.7%
Below asking
The Murphy housing market is currently classified as a buyer's market with a median sale price of $578,000. Prices have fallen 5.3% compared to last year, with homes spending an average of 99 days on market, indicating 5.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Murphy
There are currently 46 homes listed for sale in Murphy, Texas. The median listing price is $635K.
Active listings
46
Homes on market
Median list price
$635K
Avg. days on market
99
Days until sale
New this week
10
Newly listed
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Frequently asked questions
What is the average home price in Murphy?
The median home sale price in Murphy is $578,000, down 5.3% from last year.
How long do homes stay on market in Murphy?
Homes typically spend 99 days on market before going under contract.
Is Murphy a buyer's or seller's market?
With 5.1 months of supply, Murphy is currently a buyer's market.
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