Housing in Murphy, TX
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$630,000
Median List Price
$633,000
Price Per Sq Ft
$194
Days on Market
82
Active Inventory
46
Months of Supply
4.2
Balanced market
Zillow Home Value
$568,734
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
9.1%
Off Market in 2 Weeks
10.0%
Sale-to-List Ratio
98.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
11
New Listings
14
Pending Sales
10
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$194
Median List $/SF
$190
Murphy vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Murphy is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$508,500
Median Rent
$2,640
Total Housing Units
5,922
Vacancy Rate
0.3%
Owner Occupied
90.2%
Renter Occupied
9.8%
Median Property Tax
$8,958
per year
Monthly Cost (w/ Mortgage)
$2,587
Housing Types
The current median sale price in Murphy, TX is $630,000 according to Redfin data. Homes spend a median of 82 days on the market. 9.1% of homes sold above asking price. The market has 4.2 months of supply. The median price per square foot is $194. The median rent is $2,640 per month (Census ACS). About 90.2% of housing units are owner-occupied. The median year homes were built is 2005. There are 5,922 total housing units.