Is Murphy, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Murphy was a Seller's Market.
Housing Prices in Murphy, NC
How much do homes in Murphy, NC cost?
Median Sold Price
$327,666
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Murphy was $327,666 in May 2024, up 2.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $180K | +16.1% |
2 Bedrooms | $299.9K | $321.4K | +7.2% |
3 Bedrooms | $375K | $405K | +8.0% |
4 Bedrooms | $490K | $415K | -15.3% |
5+ Bedrooms | $340K | $359.4K | +5.7% |
Summary: Murphy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Murphy Township | $310K | $329K | +6.1% |
Murphy | $320K | $327.6K | +2.4% |
Housing Supply in Murphy, NC
How many homes are available in Murphy, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 193 | +33.1% |
Summary: The Murphy real estate market had 193 homes for sale in May 2024, a 33.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 14 | +7.7% |
2 Bedrooms | 70 | 98 | +40.0% |
3 Bedrooms | 50 | 63 | +26.0% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Murphy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Murphy in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Murphy, NC
How long does it take to sell a home in Murphy, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
106 Days | 28 Days | -73.2% |
Summary: Homes in Murphy had an average of 28 days on market in May 2024, down by 73.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Murphy; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.