What are current home values in Murphy, TX?

The median home value in Murphy, TX is $573,140 as of July 2026. This represents a 0.2% decrease compared to last month and a 4.3% decrease year-over-year.

How have home values changed in Murphy, TX?

Home values in Murphy, TX have decreased by 0.2% month-over-month and 4.3% year-over-year.

How do home values in Murphy, TX compare to Collin County, Texas, and the national average?

The median home value in Murphy, TX ($573,140) compares to: Collin County ($483,125), Texas ($301,806), and the U.S. national median ($371,774).

Murphy, TX Housing Market

$573,140

4.3% 1-yr

The average Murphy, TX home value is $573,140, down 4.3% over the past year, and homes go to pending in around 23 days. (Updated on 7/31/2026)

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: $573,140

1-Year Value Change: -4.3%

(Data through July 31, 2026)

Murphy Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 81 (July 31, 2026)

New Listings: 28 (July 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $619,117 (July 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 23 (July 31, 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 Rental Market Trends

Average Rent: $3,014 (July 31, 2026)

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: -0.4% (July 31, 2026)

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.