Brokers — List your Company Here
Featured local agent — Murphy, TX
Sarah Mitchell
Compass Real Estate · Murphy, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Murphy, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$607,900median sale price
How is the Murphy, TX housing market right now?
The median home sale price in Murphy, TX is $607,900, down 1.9% year-over-year. Homes sell in an average of 37 days with 58 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Murphy a buyer's or seller's market?
Murphy, TX is currently a balanced market, based on 3.1 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
37
Average pace
Active listings
58
3.1 months supply
Sale-to-list
98.4%
Below asking
What does the Murphy housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $607,900 |
| Median list price | $633,500 |
| Year-over-year price change | -1.9% |
| Average days on market | 37 days |
| Active inventory | 58 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $188/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 28 |
| Listings with a price cut | 39.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Murphy by property type?
How the Murphy, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $607,900 | $188/sq ft | 19 | 37 days |
| Townhouse | $350,000 | $204/sq ft | 1 | 155 days |
Source: Redfin · Updated monthly
The Murphy housing market is currently classified as a balanced market with a median sale price of $607,900. Prices have fallen 1.9% compared to last year, with homes spending an average of 37 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Murphy
There are currently 58 homes listed for sale in Murphy, Texas. The median listing price is $634K.
Active listings
58
Homes on market
Median list price
$634K
Avg. days on market
37
Days until sale
New this week
28
Newly listed
Who lives in Murphy?
Population
21,001
Median income
$165,109/yr
Median age
40 years
Owner-occupied
90.2%
College grads
56.9%
Avg commute
32.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Murphy?
Zillow home value
$580,424
Zillow rent index
$3,114/mo
Price-to-rent ratio
15.5x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Murphy?
Murphy is a community of approximately 21K residents with a median age of 40 years.The median household income is $165,109, which reflects a relatively affluent area with strong earning potential. 56.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 90.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Murphy offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Murphy?
4 schools tracked · 3,023 students
The largest public schools serving Murphy, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MCMILLEN H S
Grades 9-10 · 1,100 students
MURPHY MIDDLE
Grades 6-8 · 925 students
HUNT EL
Grades K-5 · 518 students
BOGGESS EL
Grades PK-5 · 480 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Murphy, TX?
Want a head-to-head view? Compare Murphy side-by-side with any other U.S. city using our market-comparison tool.
Is Murphy a good real estate investment market?
For investors evaluating Murphy, the price-to-rent ratio of 15.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Murphy's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Murphy's median home price.
Frequently asked questions
What is the average home price in Murphy?
The median home sale price in Murphy is $607,900, down 1.9% from last year.
How long do homes stay on market in Murphy?
Homes typically spend 37 days on market before going under contract.
What is the median income in Murphy?
The median household income is $165,109 per year.
Is Murphy a buyer's or seller's market?
With 3.1 months of supply, Murphy is currently a balanced market.
What is the Zillow home value estimate for Murphy?
The Zillow Home Value Index (ZHVI) for Murphy is $580,424, representing the typical home value in the area.
How much does a single-family home cost in Murphy?
The median single-family home price in Murphy, TX is $607,900 (about $188 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Murphy, TX
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Murphy market alerts
Weekly updates on prices, inventory, and trends. Free forever.