Housing Prices in Murphy, TX

How much do homes in Murphy, TX cost?

Median List Price

$615,000

$196/sqft

Based on all homes listed in the last 12 months.

Difference Since February 2023

+$40,800(+7.1%)

Key Takeaway

The list price of homes in Murphy has increased by 7.1% since last year.

Summary: The median home list price in Murphy was $615,000 in February 2024, up 7.1% from the previous year, and the median price per square foot was $196.

Median List Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $449.9K$477K
+6.0%
4 $563K$574.9K
+2.1%
5+ $727.4K$754.9K
+3.8%

Summary: Murphy housing prices by bedroom type for February 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 2.1%, and 5+ bedroom homes increased by 3.8%.

Median List Price Compared To Nearby Cities

Parker
+10.8%
Wylie
+7.5%
Murphy
+7.1%
Richardson
+4.8%
Sachse
+4.3%

Housing Supply in Murphy, TX

How many homes are available in Murphy, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3846+21.1%

Summary: The Murphy real estate market had 46 homes for sale in February 2024, a 21.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 69
+50.0%
4 2121
0.0%
5+ 1116
+45.5%

Summary: The Murphy housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 45.5%.

Days on Market for Murphy, TX

How long does it take to sell a home in Murphy, TX?

Average Listing Age

Feb 2023Feb 2024CHANGE
54 Days49 Days-10.0%

Summary: Homes in Murphy had an average listing age of 49 days in Feb 2024, down by 10% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Murphy, TX

Nearby Markets to Murphy, TX

What housing markets are near Murphy, TX?