Call or Text (240) SELL-123

MURPHY, NC 28906

Real Estate Market Report  ·  Cherokee County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
269
⇧ 5.1% vs 256 last year
Pending
45
17% pending ratio
Median Price
$365,000
⇧ 1.4% vs $359,900 last year
Average Price
$441,587
⇩ 12.4% vs $503,880 last year
Days on Market
96
⇩ 9.4% vs 106 days last year

Market Context

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

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

Market Analysis

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

The MURPHY, NC real estate market (28906) currently shows 269 active listings, with 45 pending sales. Homes are averaging 96 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 96 days on market compared to 106 days last year.

The median listing price has risen 1.4% year-over-year, from $359,900 to $365,000.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MURPHY, NC 28906 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 269 this year vs 256 last year
  • Days on market: 96 now vs 106 last year

Median & Average Pricing

Year over Year
  • Median: $365,000 (+1.4% YoY)
  • Average: $441,587 (-12.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.9 miles — 790 listings ($428,508,521 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
28906Murphy, NC 289060.0 mi269$118,786,903$365,000$441,587
28902Brasstown, NC 2890211.9 mi22$10,862,082$450,000$493,731
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 mi64$36,100,480$375,900$564,070
30582Young Harris, GA 3058217.7 mi87$43,411,521$450,000$498,983
30555McCaysville, GA 3055519.3 mi33$20,907,678$492,000$633,566
37369Reliance, TN 3736920.2 mi14$9,102,394$680,000$650,171
28771Robbinsville, NC 2877122.0 mi47$25,181,143$499,000$535,769
28904Hayesville, NC 2890423.1 mi116$64,173,056$460,000$553,216
37329Englewood, TN 3732926.4 mi36$15,663,600$349,900$435,100
37885Vonore, TN 3788526.6 mi56$45,336,256$754,950$809,576
30541Epworth, GA 3054126.9 mi42$37,651,908$599,800$896,474

Frequently Asked Questions

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

As of January 2026, there are 269 active listings in MURPHY, NC (zip code 28906), compared to 256 the prior year.

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

The median listing price in MURPHY, NC 28906 is $365,000 as of January 2026, a 1.4% increase from $359,900 the prior year.

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

Homes in MURPHY, NC 28906 spend an average of 96 days on the market before going under contract, compared to 106 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 January 2026, MURPHY, NC 28906 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 96 days on market compared to 106 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 $7,300 compared to a typical 5% commission on the median listing price of $365,000. 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.