Dallas Area Residential Sales Report – Murphy, Texas

The single-family home market in Murphy, TX, in September 2025 is demonstrating a clear transition from a dominant seller’s environment to a notably more balanced arena. While the market is still classified as somewhat competitive, the fundamental dynamics of the sales process are shifting, signaling a significant recalibration of seller expectations and providing increased opportunities for discerning buyers.

The most prominent change is the marked increase in the average days on market, indicating that properties are requiring a substantially longer duration to finalize a sale compared to the pace observed last year. This extended marketing time suggests a reduction in buyer urgency and a decrease in the prevalence of immediate, multiple-offer scenarios. Concurrently, the overall average home values have seen a slight year-over-year decline, and the sale-to-list price ratio has decreased, revealing that homes are selling, on average, for below the final asking price. This indicates a general softening of pricing power for sellers. Despite these moderating factors, transaction volume has remained steady, or in some views, has increased, confirming that demand for homes in the area is robust, but the available inventory has expanded to meet that demand.

Comments for Sellers: The current environment necessitates a highly strategic and competitive pricing strategy. Given the extended days on market and the lower sale-to-list price ratio, an accurate initial price is critical to avoid subsequent price reductions and market stagnation. Focus must be placed on superior property preparation and professional staging to ensure the listing stands out among the expanding inventory, maximizing the likelihood of a timely and successful transaction.

Comments for Buyers: The present market conditions are highly advantageous. The increase in days on market provides a crucial window for thorough property inspection and confident decision-making, eliminating the pressure of hasty purchases. With homes selling for below list price on average, buyers have genuine leverage to negotiate price, terms, and potential seller-paid concessions, a substantial benefit that was largely absent in the previous year’s highly charged market.

Ever Want To Know The Current Value Of Your Home? Well Now you Can!

Click HERE