Home Values

Murphy Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Murphy is $159,900 while the median price of homes that sold is $147,600. The median rent price in Murphy is $700, which is the same as the Cherokee County median of $700.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Murphy is 3.5%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Murphy homeowners underwater on their mortgage is 17.8%, which is higher than Cherokee County at 17.1%.

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Relative ZHVI
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Murphy Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $159,900 Median listing price
  • $147,600 Median sale price (Nov 30, 2014)
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Murphy Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 17.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Young Harris $173,300
Vonore $172,800
Blairsville $169,700
Name Median ZHVI
Morganton $168,000
Blue Ridge $154,800
Mineral Bluff $150,400
Name Median ZHVI
Reliance $118,500
Copperhill $105,500
 

Listings & Sales

Data through Dec 31, 2014
  • $107 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 8.0% Listings with price cut
24.6%
Sold below listing
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Murphy Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,043 Murphy
    $1,040 Cherokee County
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No recent data Rent list price
  • No data Rent list price / sq ft
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