Murphy, MO Foreclosures
How much do homes sell for in Murphy, MO?
The average home price is currently $185,456.
What’s the average rental cost in Murphy, MO?
The average rental price in Murphy is $1,333.
What is the most expensive home in Murphy?
The most expensive home sold in Murphy had a price of $3,427,638.
What is currently the cheapest priced home in Murphy, MO?
The cheapest home for sale in Murphy is priced at $22,990.
Living in Murphy, MO
Murphy, Missouri is a quaint suburban town that offers a richly connected community lifestyle. It features a blend of scenic beauty with access to modern conveniences, making it an ideal place for families and young professionals. The town maintains its charm with local parks and community events that foster a close-knit environment.
Current Market Conditions in Murphy, MO
The real estate market in Murphy, MO has shown steady growth over the past few months, with increased interest from both buyers and investors. As more families seek suburban living due to the ongoing shifts in work-from-home policies, the demand for single-family homes with good schools and community amenities has risen. Homes are typically selling faster compared to last year, indicating a competitive market.
There has been a noticeable increase in new construction developments in Murphy, reflecting the town's potential for growth. Many buyers are drawn to the area for its affordability in comparison to larger metropolitan areas, and this trend is expected to continue as interest rates remain favorable.
Home Value Estimator For Murphy, MO
There are currently 205 real estate properties
in Murphy, MO,
with a median automated valuation model (AVM) price
of $129,030.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Murphy, MO, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Murphy, MO,
is $185,456.00, with the most expensive house
in Murphy, MO, topping out
at $3,427,638.00 and the cheapest home
in Murphy, MO,
clocking in at $22,990.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Murphy, MO!
Rent Prices
In Murphy, MO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Murphy, MO, is on
a rollercoaster ride. The
average rent price in Murphy, MO,
is $1,333.00. Indeed, when looking to rent in
Murphy, MO, you can expect to pay as little
as $960.00 or as much
as $2,700.00,
with the average rent median estimated to
be $1,240.00. The good news is that finding
an affordable and desirable property to rent in Murphy, MO
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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