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Murphy, MOHousing Market

Murphy is a balanced market, giving buyers and sellers room to negotiate. With 1.7 months of supply and homes averaging 106 days on the market, you can make decisions without the pressure of a highly competitive market.

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Written By Aditya APopular Writer
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Reviewed By Nicholas HReal Estate Broker
Murphy, MO Housing Market Forecast 2026AI-powered forecast for prices, inventory & market trends
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
March 2026
Last updated
Live MLS Data 28 active homes tracked
Murphy, MO Real Estate Market Snapshot
MEDIAN HOME PRICE
$247,000↑ 0.20%
MORTGAGE RATES 30-YR
6.23%↓ 0.58%
Balanced Market
DAYS ON MARKET
106
↑ 70.00% YoY
INVENTORY
5
↓ 0.17% YoY
Overview icon Overview
Predictions icon Predictions
Supply icon Supply
Demand icon Demand

Is Now a Good Time to Buy or Sell in Murphy? Here's What We Think.

It depends on your goals, but Murphy offers a relatively balanced market for both buyers and sellers. Homes are averaging 106 days on the market, with 1.7 months of supply. The median sale price is $247,000, and home sales saw no change from last year. Buyers have room to negotiate, while sellers can still attract serious interest.
Median Sale PriceHomes SoldMedian Days on Market
Median Sale Price
$247,000
↑ 0.20%YoY
What this chart showsMedian Sale Price
This metric shows how home prices are trending in Murphy. The median sale price is currently $247,000, a marginal change from last year. A rising median price can point to stronger demand or limited inventory, while a falling price may give buyers more room to negotiate.

Median Sale Price Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Murphy
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Updated MonthlyLast Updated: March 2026

Murphy Housing Market Forecast for 2026

Murphy's housing market is expected to be balanced in 2026, with modest price growth, steady inventory, and stable conditions for both buyers and sellers.

Market Outlook:

  • Home prices expected to rise modestly by 2-4%, reflecting sustainable growth
  • Months of supply forecast to sit around 4-6, keeping the market steady
  • Neither buyers nor sellers hold a clear advantage, keeping negotiations balanced

Will the Murphy Housing Market Crash in 2026?

Expert consensus points to no. Murphy shows stable fundamentals, with demand and supply moving roughly in step rather than pulling in opposite directions. Both buyers and sellers should expect conditions to hold steady through 2026, with no signs pointing toward a downturn.
UnlikelyCrash MeterLikely

Current Market Indicators

  • Days on Market:

    106 days

  • Months of Supply:

    1.7 months

  • Sale-to-List Ratio:

    96.2%

  • Mortgage Rates:

    Currently- 6.23% projected to hover between 6.0% and 6.8%

Is There Enough Inventory in Murphy Right Now?

Murphy has a steady flow of homes coming onto the market, keeping inventory relatively balanced. There are currently 5 active listings and 1.7 months of supply, giving buyers a reasonable selection without creating excessive competition among sellers. There were 3 new listings last month, while the inventory had a marginal change year-over-year.
Homes for SaleNewly Listed HomesMonths of Supply
Homes for Sale
5
↓ 0.17%YoY
What this chart showsHomes for Sale
This chart shows the total number of homes currently available for sale in Murphy. There are currently 5 active listings. Rising inventory gives buyers more options, while fewer homes for sale can increase competition and give sellers more leverage.

Homes for Sale Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Murphy
location pin
Updated MonthlyLast Updated: March 2026

Are Buyers or Sellers Controlling the Murphy Market?

Buyers and sellers have relatively equal footing in the Murphy housing market. Homes are selling for 96.2% of their asking price, and price reductions saw no change year-over-year. Neither side has a clear advantage, leaving room for both to negotiate.
Homes Sold Above List PriceHomes with Price DropsSale-to-List Ratio
Homes Sold Above List Price
33.33%
↓ 22.22%YoY
What this chart showsSold Above List
The line tracks the share of homes in Murphy selling above their asking price over time. Currently, 33.33% of homes sold above asking last month. A rising trend signals strong buyer competition and bidding wars, while a falling trend suggests that competition is easing.

Homes Sold Above List Price Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Murphy
location pin
Updated MonthlyLast Updated: March 2026

Find Your Perfect Murphy Home Now

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Frequently Asked Questions

How have Murphy house prices changed over the past year?

What are Murphy real estate market predictions for 2026?

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Data provided by Redfin, a national real estate brokerage.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.

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Based on information from Mid America Regional Information Systems, Inc. through Oct 7, 2026, 6:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the MLS. Property data presented reflect information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. © 2026 Mid America Regional Information Systems, Inc. All Rights Reserved.