Murphy Home Values

Murphy's housing stock is overwhelmingly 2000s-era suburban construction — four- and five-bedroom brick homes built by Shaddock, Paul Taylor, Meritage, and K. Hovnanian across neighborhoods like Maxwell Creek, Windy Hill Farms, Aviary, and Hunters Landing. Pools, three-car garages, game rooms, and media rooms are standard at the upper end. Toll Brothers' Crescent Hill is injecting new-build inventory with stucco-and-stone exteriors starting near $900K. A handful of early-1980s ranch homes on oversized lots — some approaching an acre with no HOA — offer a different profile entirely, attracting buyers willing to renovate for the land.

Price per square foot in Murphy crossed $202 in the most recent quarter — landing at par with the broader Collin County benchmark despite a median sale price more than $150,000 above the county average, based on MLS data for 2026-05 closings in Murphy. Sellers here gave back roughly two cents on the dollar at closing, compared to nearly four cents countywide, and the concession rate held below half of all transactions while nearly two-thirds of Collin County sales included seller concessions. Only a small fraction of homes sold above list, while just under half closed below — a pattern consistent with a market that prices carefully but holds its ground. The year-over-year price trend showed a modest negative drift, suggesting the market has found a measured level rather than a sustained decline.

Murphy's supply picture tightened noticeably relative to Collin County, with months of supply running roughly a third lower than the county-wide reading. Active inventory held steady while pending contracts represented a proportionally higher share of the active pool than seen across the broader county. New listing activity in Murphy tracked well below the county's pace on a per-household basis, which limits the buildup of unsold supply heading into summer. The directional data suggests conditions in Murphy remain more balanced — closer to the seller-leaning side of neutral — than the wider Collin County market, where a higher supply overhang continues to give buyers more room to negotiate.