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Home valuations decreased in Murphy during the third quarter of 2017

Real Estate

By Collin Times | Oct 7, 2017

Re 8

The median assessed value of a home sold in the third quarter of 2017 in Murphy fell by $6,979 while total valuation decreased by 27.5%, according to BlockShopper.com.

From July through September of 2017, there were 100 homes sold, with a median home valuation of $381,521 - a 1.8% decrease over the $388,500 median valuation for the same period of the previous year. There were 138 homes sold in Murphy in the third quarter of 2016.

The following table compares Murphy to other Collin County cities with similar median home valuations in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median ValuationJuly - Sept. 2016 Median Valuation% change (Median Valuation)
Parker351984.2%$801,320$690,57416%
Lucas5667-16.4%$668,421.50$638,2834.7%
Fairview7176-6.6%$426,000$448,050-4.9%
Frisco719786-8.5%$398,862$430,171-7.3%
Dallas146161-9.3%$397,261.50$385,2643.1%
Murphy100138-27.5%$381,521$388,500-1.8%
Lowry Crossing57-28.6%$364,000$321,24613.3%
Richardson110113-2.7%$359,866.50$381,926-5.8%
Sachse7085-17.6%$359,730$368,550-2.4%
Celina11444159.1%$353,589.50$316,899.5011.6%
Plano1,2791,336-4.3%$332,327$329,086.501%

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