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MURPHY, NC 28906

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MURPHY, NC real estate market (28906) currently shows 294 active listings, with 52 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 79 days on market compared to 64 days last year.

The median listing price has fallen 1.2% year-over-year, from $359,200 to $354,925.

Whether you are buying or selling in MURPHY, NC, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 19,586  ·  Density: 22.7/mi²  ·  Median household income: $49,426

Typical home value: $200,385  ·  Homeownership: 82.6%

Market Overview

Active Listings
294
⇧ 3.2% vs 285 last year
Pending
52
18% pending ratio
Median Price
$354,925
⇩ 1.2% vs $359,200 last year
Average Price
$427,121
⇩ 14.5% vs $499,311 last year
Days on Market
79
⇧ 23.4% vs 64 days last year

Price Per Square Foot

Median $/sqft
$241
⇩ 7.7% vs $261/sqft last year
Median Home Size
1,455 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 294 this year vs 285 last year
  • Days on market: 79 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $354,925 (-1.2% YoY)
  • Average: $427,121 (-14.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.9 miles — 807 listings ($430,050,981 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28906Murphy, NC 289060.0 mi276$119,401,740$366,114$432,615
28902Brasstown, NC 2890211.9 mi19$10,134,562$470,000$533,398
37333Farner, TN 3733313.0 mi2$679,000$339,500$339,500
37326Ducktown, TN 3732615.1 mi2$652,500$326,250$326,250
37385Tellico Plains, TN 3738515.9 mi60$34,096,500$395,600$568,275
30582Young Harris, GA 3058217.7 mi96$49,158,144$459,975$512,064
30555McCaysville, GA 3055519.3 mi34$22,228,112$485,000$653,768
37369Reliance, TN 3736920.2 mi11$7,427,926$685,000$675,266
28771Robbinsville, NC 2877122.0 mi45$23,295,195$464,450$517,671
28904Hayesville, NC 2890423.1 mi122$67,944,728$449,950$556,924
37329Englewood, TN 3732926.4 mi37$15,380,752$344,950$415,696
37885Vonore, TN 3788526.6 mi64$47,908,864$732,450$748,576
30541Epworth, GA 3054126.9 mi39$31,742,958$598,000$813,922

Frequently Asked Questions

How many homes are for sale in MURPHY, NC 28906?

As of March 2026, there are 294 active listings in MURPHY, NC (zip code 28906), compared to 285 the prior year.

What is the median home price in MURPHY, NC 28906?

The median listing price in MURPHY, NC 28906 is $354,925 as of March 2026, a 1.2% decrease from $359,200 the prior year.

How long do homes stay on the market in MURPHY, NC?

Homes in MURPHY, NC 28906 spend an average of 79 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in MURPHY, NC 28906?

Based on current inventory and days-on-market data as of March 2026, MURPHY, NC 28906 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 79 days on market compared to 64 days last year.

How much can I save on real estate commission in MURPHY, NC?

With SELL123.com's maximum 3% commission, sellers in MURPHY, NC 28906 save an estimated $7,099 compared to a typical 5% commission on the median listing price of $354,925. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.