Is Murphy, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Murphy was a Seller's Market.
Housing Prices in Murphy, NC
How much do homes in Murphy, NC cost?
Median Sold Price
$323,133
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Murphy was $323,133 in March 2024, up 4.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $177.5K | N/A |
2 Bedrooms | $296K | $319K | +7.8% |
3 Bedrooms | $351.2K | $387.9K | +10.5% |
4 Bedrooms | $427.5K | $407.5K | -4.7% |
5+ Bedrooms | - | $340K | N/A |
Summary: Murphy housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Murphy Township | $299.9K | $325K | +8.4% |
Murphy | $309.9K | $323.1K | +4.3% |
Housing Supply in Murphy, NC
How many homes are available in Murphy, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 176 | +35.4% |
Summary: The Murphy real estate market had 176 homes for sale in March 2024, a 35.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 16 | +33.3% |
2 Bedrooms | 66 | 85 | +28.8% |
3 Bedrooms | 44 | 61 | +38.6% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Murphy housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 38.6%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Murphy in March 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Murphy, NC
How long does it take to sell a home in Murphy, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 72 Days | +1.4% |
Summary: Homes in Murphy had an average of 72 days on market in Mar 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Murphy; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.