Murphy home sales, the last twelve months.
163 homes sold in Murphy over the last twelve months, $105.4M in all. The middle price was $600,000 (≈ $3,502/mo with 10% down), a typical home found its buyer in 38 days, and prices here run 50% above the DFW median.
The average runs 8% above the middle, which is the high end of Murphy pulling it up. The median is the better read on a typical home; the average is the better read on how much money is moving.
Whose market is Murphy?
Supply and demand are roughly matched. Well-priced homes move, overpriced ones sit. Right now that's 61 homes on the market against a pace of 14 sales a month, median asking $609,000.
Murphy against the cities next door.
The alternative to a house here is usually a house one town over. Here is what that trade actually costs.
Median sale price over the window, for Murphy and every city that borders it, and it follows the Median/Average switch at the top of the page. The towns next door are usually the real alternative, and a few minutes' drive can be worth a hundred thousand dollars in either direction.
How Murphy moved, month by month.
What homes here sold for.
Every sale in the window, sorted into price ranges, so you can see where the middle of this market sits.
Most homes sold between $400,000 and $700,000. The median sale was $600,000, the highlighted bar.
Shares are of sales where we hold an asking price to compare against. They do not add to 100%: the rest sold at exactly the asking price, which is about a fifth of all sales. Bands under 20 sales are left out rather than shown on a handful of homes.
How often Murphy sellers help with closing costs.
Money from the seller toward the buyer's costs often moves before asking prices do, which makes it one of the earliest signs a market is turning.
More sellers are contributing than two years ago. In Murphy, 47% of homes sold in the last twelve months came with money from the seller toward the buyer's costs. The typical amount was $5,000, about 0.9% of the sale price.
Share of closed sales where the seller contributed toward the buyer's closing costs, with the typical contribution when one was given. Both the median and the average are taken over the same cleaned set. Based on 163 of the 163 sales that closed in the last twelve months. The rest closed before the MLS recorded this field, and are excluded rather than counted as zero, and 5 entries above 10% of the sale price were dropped as data-entry errors.
Where Murphy actually trades.
The city median is one number stretched over very different neighborhoods. Here it is broken apart by the elementary school a home is zoned to.
Homes zoned to Hunt sold at a median of $867,500, against $522,500 for Miller. Same city.
| Elementary zone | Homes sold | Median price | $ / sq ft | Days on market |
|---|---|---|---|---|
| BoggessPlano ISD | 58 | $579,000 | $190 | 49 |
| TibbalsWylie ISD | 44 | $570,000 | $190 | 27 |
| HuntPlano ISD | 26 | $867,500 | $182 | 31 |
| MillerPlano ISD | 22 | $522,500 | $202 | 60 |
Murphy sales grouped by the elementary school a home is zoned to, which is the boundary most families actually shop against. These zones cover 92% of everything that sold here. Only zones with at least a dozen sales are shown, so every figure rests on real volume. The price column follows the Median/Average switch at the top of the page. School assignment comes from the listing record at the time of sale; boundaries change, so confirm current zoning with the district before relying on it.
What a typical Murphy home looks like.
Medians across every Murphy sale in the window. Half of what sold was bigger, half smaller.
Murphy, in plain questions.
These numbers describe the city. Pricing one specific house, or competing for it, needs someone who has walked the comparable homes. That part is on us.
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