Is Murphy, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Murphy has remained a Buyer's Market.
Housing Prices in Murphy, NC
How much do homes in Murphy, NC cost?
Median Sold Price
$333,500
$300/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Murphy was $333,500 in April 2024, down 5.4% from last month, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $180K | N/A |
2 Bedrooms | $354K | $329K | -7.1% |
3 Bedrooms | $352.5K | $534.9K | +51.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Murphy housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 51.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Murphy, NC
How many homes are available in Murphy, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
131 | 173 | +32.1% |
Summary: The Murphy real estate market had 173 homes for sale in April 2024, a 32.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 64 | 83 | +29.7% |
3 Bedrooms | 47 | 61 | +29.8% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Murphy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 29.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Murphy in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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 2024 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 27 Days | -62.2% |
Summary: Homes in Murphy had an average of 27 days on market in Apr 2024, down by 62.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Murphy; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.