$5,581 Closing Credit*
$470,000
2,078 SqFt
3 Beds
•2 Full Baths
Bettye Chronister, Listing Office: WILLIAM DAVIS REALTY
Housing Prices in Murphy, TX
How much do homes in Murphy, TX cost?
Median List Price
$623,166
$197/sqft
Based on all homes listed in the last 12 months.
Difference Since September 2023
+$38,166(+6.5%)
Key Takeaway
The list price of homes in Murphy has increased by 6.5% since last year.
Summary: The median home list price in Murphy was $623,166 in September 2024, up 6.5% from the previous year, and the median price per square foot was $197.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $459.9K | $488K | +6.1% |
| 4 Bedrooms | $569.9K | $599K | +5.1% |
| 5+ Bedrooms | $699.9K | $750K | +7.2% |
Summary: Murphy housing prices by bedroom type for September 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 6.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.2%.
Median List Price Compared To Nearby Cities
| Parker | $999.4K | $1.2M | +22.3% |
| Murphy | $585K | $623.1K | +6.5% |
| Richardson | $450K | $470.3K | +4.5% |
| Sachse | $460K | $475K | +3.3% |
| Wylie | $490.3K | $485.5K | -1.0% |
Housing Supply in Murphy, TX
How many homes are available in Murphy, TX?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 71 | 82 | +15.5% |
Summary: The Murphy real estate market had 82 homes for sale in September 2024, a 15.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 41 | 45 | +9.8% |
| 5+ Bedrooms | 21 | 29 | +38.1% |
Summary: The Murphy housing inventory by bedroom type for September 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 11.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 38.1%.
Days on Market for Murphy, TX
How long does it take to sell a home in Murphy, TX?
Average Listing Age
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 94 Days | 67 Days | -28.3% |
Summary: Homes in Murphy had an average listing age of 67 days in Sep 2024, down by 28.3% compared to the previous year.
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