Murphy, TX Housing Market — 157 Homes Sold (July 2025 – July 2026)

Q: What does the typical Murphy home cost?

The typical Murphy home sold for $589,000 (about $191 per square foot) over the last twelve months.

Q: How fast do homes sell in Murphy?

The typical Murphy home went under contract in 36 days; 18.5% sold within the first week.

Buyers hold the cards: most homes sell under asking and take about 36 days to find a buyer.

Murphy market at a glance

Homes sold (12 months): 157
Median sale price: $589,000 (about $3,351/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $191
Median days on market (list to contract): 36; 18.5% went under contract within a week
Sold over asking: 8.9% · Sold under asking: 77.7%
Typical home: 4 bed, 3,244 sqft, built 2003, mostly Plano ISD
Price range of sales: $350,000 – $1,245,000

Pricing right vs. cutting the price in Murphy

Sellers who held their original asking price sold in 12 days at 98% of ask. Sellers who overpriced and later cut took 64 days and kept 93.1% of the original ask — roughly $31,000 left on the table on a typical Murphy listing.

Common questions

Is now a good time to buy in Murphy? Buyers hold the cards: most homes sell under asking and take about 36 days to find a buyer.

What does the typical Murphy home cost? $589,000 — about $191 per square foot, or roughly $3,351/month with 10% down before taxes and insurance.

How fast do homes sell in Murphy? The typical home went under contract in 36 days; 18.5% sold within the first week.

Source: NTREIS MLS closed sales, July 14 2025 – July 14 2026. Aggregate data only — Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 60 cities · Full dataset · Book a strategy call · Call/text (972) 974-1821.