Murphy, TX Housing Market: 169 Homes Sold (September 2025 to September 2026)

Q: What does the typical Murphy home cost?

The typical Murphy home sold for $619,000 (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 38 days; 21.3% 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 $619,000 home is roughly $3,521/month with 10% down.

Buyers hold the cards: most homes sell under asking and take about 38 days to find a buyer.

Murphy market at a glance

Homes sold (12 months): 169
Median sale price: $619,000 (about $3,521/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): 38; 21.3% went under contract within a week
Sold over asking: 10.7% · Sold under asking: 74.6%
Typical home: 4 bed, 3,505 sqft, built 2003, mostly Plano ISD
Price range of sales: $385,000 – $1,245,000
On the market right now: 69 active listings, 15 under contract, 4.9 months of supply, median asking $625,000
How buyers paid: Conventional 70.4%, FHA 4.1%, VA 6.5%, Cash 17.8%, Other 1.2%
Seller contributions: 49.1% of sellers chipped in, typically $5,000
Contract to close: about 30 days
Median rent (same home types, 78 closed leases): $2,899/month. Owning the median home runs about $3,521/month principal & interest with 10% down
HOA: 85.8% 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: $645,000.

Median price by elementary school zone

Boggess: 60 sales, median $579,000, $189/sqft
Tibbals: 48 sales, median $593,500, $191/sqft
Hunt: 27 sales, median $875,000, $181/sqft
Miller: 18 sales, median $530,000, $200/sqft
Don Whitt: 14 sales, median $616,450, $216/sqft

Pricing right vs. cutting the price in Murphy

Sellers who held their original asking price sold in 12 days at 98.3% of ask. Sellers who overpriced and later cut took 70 days and kept 92.9% of the original ask, roughly $34,800 left on the table on a typical Murphy listing.

Nearby markets

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

Common questions

Is now a good time to buy in Murphy? Buyers hold the cards: most homes sell under asking and take about 38 days to find a buyer.

What does the typical Murphy home cost? $619,000, about $191 per square foot, or roughly $3,521/month with 10% down before taxes and insurance.

How fast do homes sell in Murphy? The typical home went under contract in 38 days; 21.3% 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 $619,000 home is roughly $3,521/month with 10% down, before taxes and insurance.

Source: NTREIS MLS closed sales, September 5 2025 to September 5 2026. Aggregate data only; Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Text Ryan · Call/text (972) 974-1821.