Murphy, TX housing market
The typical Murphy home is worth about $564,000, down 4% in a year, 88% above the Texas typical home. Homes typically sell in 37 days, below asking.
Home values, sales, trends and how Murphy compares with the towns next door — updated as new data is published.
Murphy at a glance
A seller's market
Supply is tight — about 3.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Murphy | Texas |
|---|---|---|
| 2017 | $361,000 | $190,000 |
| 2018 | $376,000 | $202,000 |
| 2019 | $381,000 | $214,000 |
| 2020 | $386,000 | $223,000 |
| 2021 | $415,000 | $242,000 |
| 2022 | $526,000 | $286,000 |
| 2023 | $585,000 | $313,000 |
| 2024 | $605,000 | $311,000 |
| 2025 | $606,000 | $311,000 |
| 2026 | $585,000 | $303,000 |
| August 2026 | $564,000 | $299,000 |
Murphy and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Murphy | $564K | −4% | 37 | $175,699 |
| Sachse | $428K | −3.1% | 27 | $131,808 |
| Plano | $493K | −3.8% | 35 | $112,253 |
| Parker | $1.08M | −1.3% | 36 | $229,080 |
| Wylie | $413K | −5.6% | 69 | $119,522 |
| Richardson | $439K | +0.3% | 31 | $98,111 |
3.2 years of income
The typical Murphy home costs about 3.2 years of the town's median household income, less than across Texas (3.8 years).
How Murphy ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.