Murphy, TX Housing Market — 156 Homes Sold (September 2025 – September 2026)

Q: What does the typical Murphy home cost?

The typical Murphy home sold for $596,000 (about $192 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; 21.2% sold within the first week.

Q: Is it cheaper to rent or buy in Murphy?

The median Murphy lease ran $2,899/month this year; principal and interest on the median $596,000 home is roughly $3,390/month with 10% down.

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): 156
Median sale price: $596,000 (about $3,390/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $192
Median days on market (list to contract): 36; 21.2% went under contract within a week
Sold over asking: 9% · Sold under asking: 77.6%
Typical home: 4 bed, 3,458 sqft, built 2003, mostly Plano ISD
Price range of sales: $385,000 – $1,245,000
On the market right now: 55 active listings, 27 under contract, 4.2 months of supply, median asking $639,000
How buyers paid: Conventional 71.8%, FHA 3.8%, VA 5.1%, Cash 18.6%, Other 0.6%
Seller contributions: 50% of sellers chipped in, typically $5,000
Contract to close: about 29 days
Median rent (same home types, 67 closed leases): $2,899/month — owning the median home runs about $3,390/month principal & interest with 10% down
HOA: 85.9% of sales had a mandatory HOA, typically $43/month

Five-year price history in Murphy

Median sale price by quarter: 2022 Q1: $612,500 · 2023 Q1: $550,000 · 2024 Q1: $619,000 · 2025 Q1: $550,168 · 2026 Q1: $580,000 · 2026 Q3: $619,900.

Median price by elementary school zone

Boggess: 54 sales, median $576,500, $191/sqft
Tibbals: 40 sales, median $570,000, $180/sqft
Hunt: 26 sales, median $867,500, $182/sqft
Miller: 22 sales, median $522,500, $202/sqft
Don Whitt: 12 sales, median $588,950, $216/sqft

Pricing right vs. cutting the price in Murphy

Sellers who held their original asking price sold in 12 days at 98.1% of ask. Sellers who overpriced and later cut took 70 days and kept 92.6% of the original ask — roughly $35,200 left on the table on a typical Murphy listing.

Nearby markets

McKinney · Plano · Princeton · Celina · Allen · Anna · Wylie · Prosper

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? $596,000 — about $192 per square foot, or roughly $3,390/month with 10% down before taxes and insurance.

How fast do homes sell in Murphy? The typical home went under contract in 36 days; 21.2% sold within the first week.

Is it cheaper to rent or buy in Murphy? The median Murphy lease ran $2,899/month this year, while principal and interest on the median $596,000 home is roughly $3,390/month with 10% down, before taxes and insurance.

Source: NTREIS MLS closed sales, September 3 2025 – September 3 2026. Aggregate data only — Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Book a strategy call · Call/text (972) 974-1821.