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Cheap Homes in Murphy, TX 75094

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Murphy, TX Foreclosures

How much do homes sell for in Murphy, TX?
The average home price is currently $633,833.
What’s the average rental cost in Murphy, TX?
The average rental price in Murphy is $2,345.
What is the most expensive home in Murphy?
The most expensive home sold in Murphy had a price of $7,097,299.
What is currently the cheapest priced home in Murphy, TX?
The cheapest home for sale in Murphy is priced at $43,401.

Living in Murphy, TX

Murphy, TX is a charming suburb known for its family-friendly atmosphere and excellent schools. The community boasts numerous parks, recreational facilities, and access to nearby urban amenities, making it an ideal place for families and outdoor enthusiasts alike. The strategic location offers convenient connectivity to the Dallas area, enhancing the overall living experience.

Current Market Conditions in Murphy, TX

The real estate market in Murphy, TX has been robust over the past year, showing consistent demand for single-family homes. Home prices have appreciated as buyers seek out this desirable suburban location for its quality of life and excellent schools.

There has been a noticeable increase in new developments with modern amenities, attracting a variety of prospective homeowners. The inventory remains somewhat low, contributing to competitive bidding in many cases.

Home Value Estimator For Murphy, TX

There are currently 6,125 real estate properties in Murphy, TX, with a median automated valuation model (AVM) price of $608,685.00. 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, TX, 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, TX, is $633,833.00, with the most expensive house in Murphy, TX, topping out at $7,097,299.00 and the cheapest home in Murphy, TX, clocking in at $43,401.00. In other words, there’s something for every potential homebuyer or savvy investor in Murphy, TX!

Rent Prices In Murphy, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Murphy, TX, is on a rollercoaster ride. The average rent price in Murphy, TX, is $2,345.00. Indeed, when looking to rent in Murphy, TX, you can expect to pay as little as $800.00 or as much as $3,820.00, with the average rent median estimated to be $2,310.00. The good news is that finding an affordable and desirable property to rent in Murphy, TX -- 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.

Cheap Homes in Murphy, TX 75094

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