Housing Prices in Murphy, TX
How much do homes in Murphy, TX cost?
Median List Price
$625,000
$196/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Murphy has increased by 8.7% since last year.
Summary: The median home list price in Murphy was $625,000 in May 2024, up 8.7% from the previous year, and the median price per square foot was $196.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $459.9K | $469K | +2.0% |
| 4 Bedrooms | $553.5K | $599K | +8.2% |
| 5+ Bedrooms | $700K | $759.9K | +8.6% |
Summary: Murphy housing prices by bedroom type for May 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 2%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.6%.
Median List Price Compared To Nearby Cities
| Parker | $1.0M | $1.3M | +28.1% |
| Murphy | $575K | $625K | +8.7% |
| Richardson | $447.7K | $475K | +6.1% |
| Sachse | $459.9K | $475K | +3.3% |
| Wylie | $484.8K | $499.9K | +3.1% |
Housing Supply in Murphy, TX
How many homes are available in Murphy, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 66 | +20.0% |
Summary: The Murphy real estate market had 66 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 28 | 34 | +21.4% |
| 5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The Murphy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 35%.
Days on Market for Murphy, TX
How long does it take to sell a home in Murphy, TX?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 47 Days | -16.4% |
Summary: Homes in Murphy had an average listing age of 47 days in May 2024, down by 16.4% compared to the previous year.
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