$10,000 Closing Credit*
$885,000
3,958 SqFt
4 Beds
•3 Full Baths, 1 Partial
Nabiha Pirbhai, Listing Office: Real Sense Real Estate
Housing Prices in Murphy, TX
How much do homes in Murphy, TX cost?
Median List Price
$615,000
$197/sqft
Based on all homes listed in the last 12 months.
Difference Since August 2023
+$40,000(+7.0%)
Key Takeaway
The list price of homes in Murphy has increased by 7% since last year.
Summary: The median home list price in Murphy was $615,000 in August 2024, up 7% from the previous year, and the median price per square foot was $197.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $459K | $486.5K | +6.0% |
| 4 Bedrooms | $550K | $599.9K | +9.1% |
| 5+ Bedrooms | $699.9K | $750K | +7.2% |
Summary: Murphy housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.2%.
Median List Price Compared To Nearby Cities
| Parker | $999K | $1.2M | +30.0% |
| Murphy | $575K | $615K | +7.0% |
| Richardson | $450K | $472.4K | +5.0% |
| Sachse | $460K | $476.2K | +3.5% |
| Wylie | $489.7K | $489.4K | -0.1% |
Housing Supply in Murphy, TX
How many homes are available in Murphy, TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 67 | 73 | +9.0% |
Summary: The Murphy real estate market had 73 homes for sale in August 2024, a 9.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 37 | 42 | +13.5% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Murphy housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 4.8%.
Days on Market for Murphy, TX
How long does it take to sell a home in Murphy, TX?
Average Listing Age
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 76 Days | 56 Days | -26.5% |
Summary: Homes in Murphy had an average listing age of 56 days in Aug 2024, down by 26.5% compared to the previous year.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.