Rick Andrews' Market Report

Murphy, NC 28906

Single-Family Homes

Your Mountain Realtor | 828-557-9139 | rick@callrickandrews.com



Murphy, NC 28906

Thu Jul 03 2025
This week the median list price for Murphy, NC 28906 is $371,200 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 322. Click here to stay informed with the Murphy market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Murphy, NC 28906

Thu Jul 03 2025
This week the median list price for Murphy, NC 28906 is $371,200 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 322. Click here to stay informed with the Murphy market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Murphy market.
Median List Price $371,200
Median Price of New Listings $339,900
Per Square Foot $254
Average Days on Market 121
Median Days on Market 77
Price Decreased 38%
Price Increased 2%
Relisted 12%
Inventory 322
Median Rent
Market Action 26
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$624,900 2,640 1 - 2.5 acres 3 3 20 1 2 77
$425,000 1,920 1 - 2.5 acres 2 2 20 4 2 77
$330,000 1,218 1 - 2.5 acres 2 2 17 6 2 63
$246,400 1,008 0.5 - 1 acre 2 2 24 3 9 98