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Murphy, TX Housing Market

$606,682

1.7% 1-yr

The average Murphy, TX home value is $606,682, down 1.7% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Murphy Key Takeaways

Typical Home Values: $606,682

1-year Value Change: -1.7%

(Data through March 31, 2025)

Murphy Housing Market Overview

--1-year Market Forecast
47For sale inventory(March 31, 2025)
16New listings(March 31, 2025)
--Median sale to list ratio
--Median sale price(February 28, 2025)
$645,337Median list price(March 31, 2025)
--Percent of sales over list price
--Percent of sales under list price
--Median days to pending
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

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Murphy Rental Market Trends

$2,650Average rent in Murphy(March 31, 2025)
$2,005National average rent(March 31, 2025)
--Month-over-month change
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

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