Is Murphy Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Murphy Township was a Seller's Market.
Housing Prices in Murphy Township, NC
How much do homes in Murphy Township, NC cost?
Median Sold Price
$329,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Murphy Township was $329,000 in May 2024, up 6.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $180K | +19.2% |
2 Bedrooms | $297.9K | $322.5K | +8.2% |
3 Bedrooms | $360K | $419.9K | +16.6% |
4 Bedrooms | $501K | $415K | -17.2% |
5+ Bedrooms | $340K | $359.4K | +5.7% |
Summary: Murphy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Brasstown Township | $350K | $400K | +14.3% |
Murphy Township | $310K | $329K | +6.1% |
Murphy | $320K | $327.6K | +2.4% |
Housing Supply in Murphy Township, NC
How many homes are available in Murphy Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 202 | +32.9% |
Summary: The Murphy Township real estate market had 202 homes for sale in May 2024, a 32.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 74 | 102 | +37.8% |
3 Bedrooms | 52 | 66 | +26.9% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Murphy Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 37.8%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Murphy Township in May 2024, down by 66.7% month-over-month. Of the 1 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
May 2023 | May 2024 | CHANGE |
---|---|---|
106 Days | 28 Days | -73.2% |
Summary: Homes in Murphy Township had an average of 28 days on market in May 2024, down by 73.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Murphy Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.