Is Murphy Township, 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 Township was a Seller's Market.
Housing Prices in Murphy Township, NC
How much do homes in Murphy Township, NC cost?
Median Sold Price
$325,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Murphy Township was $325,000 in March 2024, up 8.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $165K | -42.1% |
2 Bedrooms | $295K | $319.4K | +8.3% |
3 Bedrooms | $351.2K | $402.4K | +14.6% |
4 Bedrooms | $505K | $407.5K | -19.3% |
5+ Bedrooms | $189.9K | $340K | +79.0% |
Summary: Murphy Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes increased by 79%.
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 Township, NC
How many homes are available in Murphy Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
136 | 182 | +33.8% |
Summary: The Murphy Township real estate market had 182 homes for sale in March 2024, a 33.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 17 | +30.8% |
2 Bedrooms | 70 | 89 | +27.1% |
3 Bedrooms | 45 | 62 | +37.8% |
4 Bedrooms | 6 | 13 | +116.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Murphy Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 37.8%, 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 Township 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 Township, NC
How long does it take to sell a home in Murphy Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 72 Days | +1.4% |
Summary: Homes in Murphy Township 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 Township; 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.