Murphy, NC Foreclosures
How much do homes sell for in Murphy, NC?
The average home price is currently $316,142.
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 $8,627,471.
What is currently the cheapest priced home in Murphy, NC?
The cheapest home for sale in Murphy is priced at $11,356.
Living in Murphy, NC
Murphy, NC is a picturesque town located in the heart of the Appalachian Mountains, offering a unique blend of outdoor adventure and historic charm. The area is perfect for those who enjoy nature, with countless hiking and fishing opportunities, as well as a vibrant community spirit. With excellent educational facilities and a welcoming atmosphere, Murphy is an amazing place to call home.
Current Market Conditions in Murphy, NC
The Murphy real estate market has shown steady growth over the past year, with property values slightly increasing as more people are drawn to the peaceful, scenic environment. The demand for homes in Murphy is primarily driven by retirees and those seeking vacation homes, leading to a competitive market. New construction is also on the rise to accommodate the influx of new residents and investment opportunities.
In recent months, the market has seen a slight increase in home sales and a decrease in inventory, indicating buyer interest remains strong. However, homes in the $200,000 to $300,000 range are still relatively available, appealing to first-time homebuyers and those looking for investment properties.
Home Value Estimator For Murphy, NC
There are currently 11,755 real estate properties
in Murphy, NC,
with a median automated valuation model (AVM) price
of $293,738.00. 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 $316,142.00, with the most expensive house
in Murphy, NC, topping out
at $8,627,471.00 and the cheapest home
in Murphy, NC,
clocking in at $11,356.00. 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.
Learn more on Foreclosure homes
