- 3 bd
- 2 ba
- 2,246 sqft

The average Murphy, TX home value is $564,016, down 4.0% over the past year. (Updated on )
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.
Typical Home Values: $564,016
1-Year Value Change: -4%
(Data through August 31, 2026)
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
The median home value in Murphy, TX is $564,016 as of August 2026. This represents a 0.1% decrease compared to last month and a 4.0% decrease year-over-year.
Home values in Murphy, TX have decreased by 0.1% month-over-month and 4.0% year-over-year.
The median home value in Murphy, TX ($564,016) compares to: Collin County ($475,341), Texas ($299,367), and the U.S. national median ($368,697).