Home Sales Low in Murphy Real Estate Market

Hitting a record low dating back to April, 21 homes were sold in the Murphy market over the last 30 days. This represents a 12.5% decrease in sales activity. When comparing other close-by municipalities within the same period, the most came from Dallas with 917 sales. The median sales price dropped to $370,000, down from last week's $377,500. In spite of sales trending lower, there are only three months of inventory available, which signals that Murphy is a still seller's market.

Looking to move to Murphy, but at an economical price? You may want to start with these low-cost listings:

$249K   $267K   $277K  

Get started right now by checking out Murphy homes for sale or reviewing Murphy real estate trends.

Demographic facts for Murphy:

  • The total number of vacant homes in the area is 2.4%.
  • This area usually gets 234 sunny days each year. (U.S. average: 205)
  • Job market growth came in at 1.32% last year.
  • The student per librarian ratio in this area is 454:1. (803:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Texas Home Finders
23 reviews
Nord Realty
Snapped 153 homes in this area
Halo Group Realty
Snapped 9 homes in this area

Agents that specialize in this area
3 snaps in this area
4 snaps in this area
1 snap in this area
1 snap in this area
1 snap in this area
2 snaps in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.