What are current home values in Murphy, NC?

The median home value in Murphy, NC is $283,252 as of June 2026. This represents a 0.1% decrease compared to last month and a 0.1% increase year-over-year.

How have home values changed in Murphy, NC?

Home values in Murphy, NC have decreased by 0.1% month-over-month and 0.1% year-over-year.

How do home values in Murphy, NC compare to Cherokee County, North Carolina, and the national average?

The median home value in Murphy, NC ($283,252) compares to: Cherokee County ($274,148), North Carolina ($340,430), and the U.S. national median ($372,995).

Murphy, NC Housing Market

$283,252

0.1% 1-yr

The average Murphy, NC home value is $283,252, up 0.1% over the past year, and homes go to pending in around 54 days. (Updated on 6/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Murphy Key Takeaways

Typical Home Values: $283,252

1-Year Value Change: +0.1%

(Data through June 30, 2026)

Murphy Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 342 (June 30, 2026)

New Listings: 77 (June 30, 2026)

Median Sale to List Ratio: 0.975 (May 31, 2026)

Median Sale Price: $312,667 (May 31, 2026)

Median List Price: $363,600 (June 30, 2026)

Percent of Sales Over List Price: 15.9% (May 31, 2026)

Percent of Sales Under List Price: 73.1% (May 31, 2026)

Median Days to Pending: 54 (June 30, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Murphy

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Murphy Homes for Sale

$29,500

0 bd0 ba- sqft

LOT 25 Bryson Creek Dr

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Murphy Rental Market Trends

Average Rent: --

National Average Rent: $1,965 (June 30, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.