Murphy, NC Home Values & Market Trends
Real estate market trends reflect that there have been 397 transactions over the past year in Murphy. The median value for residential home transactions that occurred over the previous year is $349,800. The number of current listings in Murphy is 702, and the percentage of properties for sale in the city is 702.00%. Murphy, NC currently has 20 properties in foreclosure, 6 bank owned properties, 6 properties headed for auction, and 702 properties for sale.
Murphy, NC Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 28906 | $ 349,800 $ 279/sqft |
Housing Market Summary for Murphy, NC
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $365K | $359.9K | -1.40% |
| Median Sold Price | $293.4K | $313.4K | 6.81% |
| Homes For Sale | 510 | 693 | 35.88% |
| Homes Sold | 190 | 152 | -20.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Murphy, NC
Browse Homes in Murphy, NC
Murphy home values range from $50,140 to $2,273,968. The median estimated value of a home in Murphy is $349,800. The median list price of a home is 359,950, and the total count of properties in the city is 902.
- Pre-ForeclosurePre-foreclosure homes account for 0.89% of all residential properties in Murphy, NC with 28906 containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Murphy, NC; of that zips, the estimated home value for pre-foreclosure homes ranges from $649,800 in 28906 to the lowest home value of $125,954 in 28906.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Murphy, NC ranges from the highest value of $356,319 in 28906 to the lowest value of $111,678 in 28906. Bank owned homes and properties account for 0.67% of properties in Murphy, NC. There is 1 zips within Murphy, NC; 28906 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions28906 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Murphy, NC. Auction homes and other auction properties account for 0.67% of all properties in Murphy, NC. There is 1 zips within Murphy, NC; of that zips, the median estimated home value for homes going to auction ranges from $400,434 in 28906 to the lowest value of $210,412 in 28906.
Compare Nearby Cities
More Real Estate Resources for Murphy, NC
Guide for Murphy, NC
North Carolina Foreclosure Laws
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.