Murphy Real Estate

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Murphy Real Estate & Homes for Sale in North Carolina

Prospective residents and visitors are invited to come and find their "piece of paradise" in the majestic mountains of the township of Murphy in beautiful Cherokee County. The township of Murphy is located approximately 100 miles southwest of Asheville along US Highway 74. As the county seat of Cherokee County, Murphy has a population of about 1,600 residents and growing, although there are more than 5,000 who live in the city's sphere of influence. Real estate options throughout Murphy consist of single-family homes in a variety of architectural styles and with impressive amounts of acreage. Murphy has also been recognized by Forbes Magazine as one of the top ten developing markets for second homes. Community events such as the Wagon Train and Jeep Jamboree bring residents together and allow them to catch up with friends and neighbors on the latest news and gossip. The Wagon Train started in 1958 with 67 wagons and 325 riders who wanted to emphasize the need for road improvements. Today, residents love reliving the event every Fourth of July. The Jeep Jamboree has become so popular it now is held twice a year, once in April and then in October. Jeep owners from all over the country flock to the area to ride some of the best jeep trails around.

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Real Estate Market Summary - Prices of Murphy Homes for Sale

The Murphy real estate market predominantly offers detached single-family homes and land for custom-built properties in a variety of architectural styles ranging from farmhouses to bungalows. Neighborhoods in Murphy such as Blackberry Woods, Shuler Mountain and Squaw Valley Equine offer something for everybody. Homes in Murphy start at just under $50,000 and can exceed $1 million for homes with acreage, equestrian facilities and other amenities. Properties within retirement communities and new home subdivisions are also available for purchase. Murphy also offers many opportunities for owning your own vacation home or investment property.

Murphy Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $199,005 compared to $201,346 the previous week, showing a decrease of less than -1%.  For Friday, October 21st, the current national mortgage rate for a 30 year fixed mortgage is 3.45%; the 15 year fixed rate is at 2.70%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 3.55%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Murphy NC. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Murphy to help you find the best home!

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