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Short Sale Listings in Murphy, NC 28906

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Murphy, NC Foreclosures

Current Market Conditions in in Murphy, NC As of February 2026?
In the past month, the Murphy market has shown signs of slight price adjustments, with some listings seeing upward shifts reflecting the spring buying season. Increased interest from potential buyers highlights the longstanding appeal of Murphy as a desirable relocation destination, particularly with outdoor enthusiasts seeking a new home amid natural beauty.
How much do homes sell for in Murphy, NC?
The average home price is currently $310,912.
In Murphy, NC, how many homes are available?
There are currently 9 active home listings available in Murphy.
What’s the average rental cost in Murphy, NC?
The average rental price in Murphy is $1,171.
What is the most expensive home in Murphy?
The most expensive home sold in Murphy had a price of $23,421,516.
What is currently the cheapest priced home in Murphy, NC?
The cheapest home for sale in Murphy is priced at $10,368.

Living in Murphy, NC

Murphy, NC is a quaint mountain town that offers stunning natural landscapes, a friendly community, and plenty of outdoor adventures. Known for its local arts scene and rich history, Murphy combines small-town charm with modern amenities. Residents enjoy a relaxed lifestyle with easy access to schools, parks, and recreational activities.

Buyer vs Seller Market in Murphy, NC

The real estate market in Murphy, NC is currently experiencing a steady increase in demand, particularly for single-family homes. Buyers are drawn to the area for its natural beauty and the affordability compared to nearby larger cities, driving up home prices gradually over the past year.

Inventory levels have remained relatively low, resulting in a competitive market where homes are selling faster than in previous years. The influx of new residents looking for a slower pace of life continues to influence local real estate trends.

Home Value Estimator For Murphy, NC

There are currently 14,327 real estate properties in Murphy, NC, with a median automated valuation model (AVM) price of $284,881.00. 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, NC, 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, NC, is $310,912.00, with the most expensive house in Murphy, NC, topping out at $23,421,516.00 and the cheapest home in Murphy, NC, clocking in at $10,368.00. In other words, there’s something for every potential homebuyer or savvy investor in Murphy, NC!

Rent Prices In Murphy, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Murphy, NC, is on a rollercoaster ride. The average rent price in Murphy, NC, is $1,171.00. Indeed, when looking to rent in Murphy, NC, you can expect to pay as little as $400.00 or as much as $2,940.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Murphy, NC -- 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.

Murphy, NC 28906 Short Sale Listings

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