Murphy, NC Foreclosures
How much do homes sell for in Murphy, NC?
The average home price is currently $294,572.
In Murphy, NC, how many homes are available?
There are currently 13 active home listings available in Murphy.
What’s the average rental cost in Murphy, NC?
The average rental price in Murphy is $1,168.
What is the most expensive home in Murphy?
The most expensive home sold in Murphy had a price of $4,274,070.
What is currently the cheapest priced home in Murphy, NC?
The cheapest home for sale in Murphy is priced at $13,000.
Living in Murphy, NC
Murphy, NC, is a picturesque town located in the Smoky Mountains renowned for its natural beauty and outdoor activities. With a rich cultural heritage and a vibrant community, Murphy offers a variety of local amenities, including shops, dining, and recreational opportunities. It's an ideal destination for those looking to escape the hustle and bustle of city life.
Current Market Conditions in Murphy, NC
The real estate market in Murphy, NC, has shown consistent growth over the past year, with an increase in demand for homes due to the area's appealing natural landscape and outdoor lifestyle. The influx of buyers, particularly from urban areas seeking vacation homes or retirement options, has led to a competitive market where listings often attract multiple offers.
Currently, the median home price in Murphy is around $225,000, reflecting an upward trend driven by both locally motivated buyers and those drawn by the scenic beauty and recreational opportunities. The market remains active, with homes selling relatively quickly, typically within 30 to 60 days.
Home Value Estimator For Murphy, NC
There are currently 8,767 real estate properties
in Murphy, NC,
with a median automated valuation model (AVM) price
of $261,705.00. 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 $294,572.00, with the most expensive house
in Murphy, NC, topping out
at $4,274,070.00 and the cheapest home
in Murphy, NC,
clocking in at $13,000.00. 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 $1,168.00. 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 $1,140.00. 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.
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