Is Murphy Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Murphy Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Murphy Township was a Seller's Market.

Key Takeaway

Murphy Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Murphy Township, NC

How much do homes in Murphy Township, NC cost?

Median Sold Price

$330,500

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,500(+1.7%)

Key Takeaway

Homes in Murphy Township have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Murphy Township was $330,500 in November 2024, up 1.7% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K$195K
+11.4%
2 $317K$316K
-0.3%
3 $399.4K$419.9K
+5.1%
4 $421.5K$432.5K
+2.6%
5+ $377.5K$303.9K
-19.5%

Summary: Murphy Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 19.5%.

Median Sold Price Compared To Nearby Cities

Brasstown Township
+26.9%
Murphy Township
+1.7%
Murphy
+1.7%

Housing Supply in Murphy Township, NC

How many homes are available in Murphy Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
198231+16.7%

Summary: The Murphy Township real estate market had 231 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1718
+5.9%
2 101119
+17.8%
3 7083
+18.6%
4 78
+14.3%
5+ 33
0.0%

Summary: The Murphy Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Murphy Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Murphy Township in November 2024, down by 25.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
202 Days59 Days-70.7%

Summary: Homes in Murphy Township had an average of 59 days on market in Nov 2024, down by 70.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times33%33%33%

Key Takeaway

Many homes in Murphy Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Murphy Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in Murphy Township, NC

Nearby Markets to Murphy Township, NC

What housing markets are near Murphy Township, NC?