Murphy, TX Real Estate & Homes for Sale
Local market insights, homes for sale, and neighborhood guidance from a local real estate expert.
Murphy Housing Market Snapshot
Live market data updated monthly fron NTREIS MLS
Local market interpretation by a licensed broker serving North Texas since 2005.
Why This Matters for Murphy Sellers
Most market pages show statistics. This page explains what those numbers mean for sellers — pricing power, buyer behavior, and how today’s conditions affect your next move.
Murphy at a Glance
Housing Snapshot
- Average Home Size: 3,316 sq ft
- Average Year Built: 2003
- Primary Architectural Syles: Traditional, Contemporary
- Most expensive home sold: $1,355,000 sold 6/2022
- Owner Occupied: 90%
Demographics Snapshot
- Population: 21,001 (approx)
- Median Household Income: $165,109
- Median Resident Age: 40 yrs
- College Educated (at least a Bachelor’s): 57%
- City Established: 1958
Featured Murphy Neighborhoods
Aviary
A newer Murphy neighborhood offering larger homes, polished streetscapes, and a more upscale suburban feel close to schools and amenities.
Murphy Farms
Traditional Coppell homes close A classic Murphy subdivision featuring larger lots, mature landscaping, and a long-standing neighborhood feel.
The Ranch
A sought-after community with spacious homes, generous lot sizes, and a semi-estate atmosphere.
Glen Ridge Estates
A quiet, family-oriented neighborhood known for well-kept homes, neighborhood amenities, and a strong sense of community.
Rolling Ridge Estates
An upscale enclave of larger homes and custom-style architecture in a quieter, more private setting.
Timbers
A well-established neighborhood with traditional homes, shaded streets, and a stable, community-driven feel.
Maxwell Creek/Maxwell Creek North
A well-established community with mature trees, walking trails, and a reputation for being one of Murphy’s most family-friendly areas.
Skyline Acres
A smaller, low-traffic neighborhood offering a calm residential environment with convenient access to central Murphy.
Windy Hill Farms
A peaceful, residential neighborhood known for well-maintained homes and a relaxed suburban vibe.
About Murphy, TX
Murphy, TX offers a quiet, family-focused lifestyle with the convenience of nearby employment centers and retail hubs across Collin County and North Dallas. Known for its well-planned neighborhoods, highly regarded schools, and strong community identity, Murphy appeals to homeowners who value space, stability, and long-term livability. The city features a mix of established subdivisions and newer developments, with many homes sitting on larger lots than typically found in surrounding suburbs. Residents enjoy an abundance of parks, walking trails, and community amenities, along with easy access to shopping, dining, and major corridors such as US-75 and the President George Bush Turnpike. Murphy maintains a small-town atmosphere while benefiting from the economic strength of the broader DFW metroplex. With steady residential growth, owner-occupant demand, and a reputation for being well-maintained and family-oriented, Murphy continues to attract buyers looking for a balanced suburban setting without the congestion of larger nearby cities.
Murphy, TX Housing Market Trends
Track the latest price trends, inventory levels, and days on market patterns in Murphy
Murphy, TX Supply & Demand Conditions
Supply and demand shape pricing power, negotiating leverage, and how quickly homes sell in Murphy. The indicators below show whether buyers or sellers are gaining the advantage—and what that means for your next move.
What these numbers mean for Murphy sellers
Together, these six metrics paint a clear picture of how competitive today’s Murphy housing market really is. Homes for Sale and Months of Inventory show how much supply buyers have to choose from, while Days on Market reveals how quickly well-priced homes are attracting offers. SP% / LP% highlights buyer willingness to pay close to (or above) asking price, and Contract Ratio measures overall demand relative to available inventory.
When these indicators move in the same direction, it creates either strong leverage for sellers or added pressure to price and position correctly. Homes Taken Off Market adds another important layer, signaling when sellers are pulling listings rather than adjusting price — often a sign of shifting expectations.
The takeaway for Murphy homeowners is simple: the market is still active, but strategy matters more than ever. Accurate pricing, strong presentation, and understanding where buyer demand is strongest can make the difference between a smooth sale and a stalled listing.
Serving North Texas Real Estate Since 2005 – Licensed Broker
Murphy, TX Market Signal
Market Signal: Balanced Market
Based on current supply, buyer demand, and pricing behavior, Murphy is operating in a balanced market, with certain segments still favoring well-positioned sellers.
Inventory levels and contract activity suggest buyers are active but selective, while pricing metrics show that homes priced correctly are continuing to attract serious offers. Sellers who understand where demand is strongest — and adjust strategy accordingly — are seeing better results than those relying on outdated market assumptions.
In short, Murphy is not a one-size-fits-all market. Pricing accuracy, presentation, and timing now matter more than ever.
How Market Signals Are Determined
Market signals are based on a combination of inventory levels, buyer demand, and pricing behavior — not a single metric.
Here’s how to interpret the signals used on this page:
Cold / Slow Market
• Lower contract activity
• Longer days on market
• Sale prices frequently below list price
Balanced Market
• Stable inventory and buyer demand
• Homes sell with correct pricing and presentation
• Negotiations vary by price range and condition
Hot Market
• Strong buyer demand relative to supply
• Shorter days on market
• Sale prices at or near list price, sometimes above
These signals reflect overall market conditions — individual results may vary by neighborhood, price range, and property type.
• Contract Ratio: Measures buyer demand relative to active listings
• SP% / LP%: Indicates pricing strength and negotiation leverage
• Months of Inventory: Reflects supply pressure in the market
Murphy market analysis by Winston Bowdre, local broker and neighborhood specialist.
Homes for Sale in Murphy, TX
Below are the most current homes for sale in Murphy.
Use the filters to explore available properties — and keep the market trends above in mind as you compare pricing, days on market, and competition.
How Your Murphy Home Fits in Today's Market
See how your home compares to current listings, recent sales, and buyer demand — explained clearly by a local market expert.
What Happens Next
Once you request your comparison, I’ll review how your home fits within the current Murphy market and share clear insights — no pressure, no obligation.
Whether you’re selling now or just planning ahead, you’ll understand where you stand.
Why Comparing Matters More Than "Home Value"
Most sellers start by checking online home values. The problem is that buyers don’t shop by estimates — they compare homes.
Buyers look at current listings, recent sales, days on market, and price reductions before making an offer. Understanding where your home fits among today’s competition is the key to pricing correctly and avoiding costly mistakes.
This comparison gives you context — not just a number.
You’ll receive a personalized breakdown of how your home compares to current Murphy listings and recent sales.
What You'll Learn
Where your home likely fits within today’s price bands
How competitive your segment of the market is
What buyers are paying relative to list price
How long similar homes are taking to sell
What strategy makes sense in the current market
Interpreted by a Murphy Market Expert
This isn’t an automated estimate or generic report.
Your comparison is based on real market data and interpreted with local context — including demand trends, competition, and buyer behavior.
My role is to help you understand the market clearly so you can make confident decisions.
Serving North Texas Real Estate Since 2005