Photo: Flimbone08 · CC BY-SA 4.0160 homes sold in Murphy in the last year, at a typical $595K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Murphy homes are listed.
Every place Murphy homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Murphy.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 99% of Murphy’s sales, at a typical $595K
160 homes sold in the year to May 2026.
typical sale · 159 sold in 12 months
- Per square foot
- $192TX $173
- Days to sell
- 60
- Sold over asking
- 9%
- Listings with a price cut
- 32%
Townhouses: 1 sold, typical $350K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.7 times the 2016 price
160 sales in the last year, against 384 in 2013 and a low of 142 in 2023. The typical sale went from $355K in 2016 to $595K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $600K buys in Murphy
Check a listing against what Murphy homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Murphy are rarer than before the pandemic, with about as many homes for sale
We read every month of Murphy’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 160 sales.
If you’re buying in Murphy
- Shop in July. It brings about 32 new listings a month, close to the busiest month, with fewer bidding wars (34% over asking).
- Some room to negotiate. 32% of listings cut their price, about as many as before the pandemic.
- Offer under asking. Buyers paid 97.6% of the list price on average; 9% paid over.
- You’ll usually have time. Only 27% of homes go under contract within two weeks; the typical one takes 61 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 35 a month), but May is the most competitive: 39% of May sales close over asking. February has the least competition (15%) but only about 20 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Texas as a whole
| Murphy now | 2017–19 | 2021 peak | TX now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 9% | 16% | 75% | 12% |
| Gone within two weeksShare of homes under contract within 14 days | 27% | 40% | 74% | 20% |
| Listings with a price cutShare of homes for sale that cut their price | 32% | 30% | 21% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 97.6% | 98.4% | 104.1% | 96.9% |
| Days to sellMedian days from listing to contract | 61 | 42 | 18 | 71 |
59 homes for sale on a typical day
That’s 3.9 times the 2021 low (15), about the 2017–19 level and well under 2012’s 101.
1 in 3 listings has cut its price
32% in the last year, against 30% in 2017–19 and 30% across Texas.
Murphy ranks 253rd of 372 busy Texas markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Murphy is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Murphy home costs about $3,893 a month
Price: Murphy’s typical sale, last 12 months. Property tax at Murphy’s 1.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Murphy is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 12.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $595K home, about $9,460 a year.
Taxes vs. neighborsSchools
The schools grade for Murphy, from test results, graduation and how much students grow.
Schools in MurphyCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Parker and Lucas for far more
The busier markets within 25 miles of Murphy, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Richardson | 1,011 | $459K | $226 | 17% | 44 |
| Wylie | 627 | $410K | $186 | 13% | 70 |
| Sachse | 253 | $437K | $191 | 13% | 62 |
| Murphy | 160 | $595K | $192 | 9% | 61 |
| Lucas | 112 | $1.2M | $297 | 7% | 85 |
| Parker | 60 | $1.2M | $269 | 8% | 69 |
| Seis Lagos | 41 | $616K | $211 | 2% | 89 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Murphy, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Murphy. People who follow the town see it, and so do people comparing Murphy with their own town. No commission, no listing fee.
Questions about buying a home in Murphy
What do homes sell for in Murphy, TX?
160 homes sold in the year to May 2026 at a typical $595K, $192 a square foot.
Is Murphy a buyer’s or seller’s market?
A seller’s market: 58 homes were for sale in May 2026 and 19 sold, about 3.1 months of supply. Buyers paid 97.6% of asking on average, and 32% of listings cut their price.
When is the best time to buy in Murphy?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Murphy?
About 1.6% of a home’s value a year. On a $595K home that’s near $9,460.
Where can I see homes for sale in Murphy?
Zillow, Redfin, Realtor.com and Homes.com all carry Murphy’s MLS listings; the search links above open each one filtered to Murphy.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).