April: Home valuations in Murphy fell

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The median assessed value of a home sold in April in Murphy fell by $6,289 while total valuation decreased by 20 percent, according to BlockShopper.com.

In April, there were 24 homes sold, with a median home valuation of $349,100 - a 1.8 percent decrease from the $355,389 median valuation for the same period of the previous year. There were 30 homes sold in Murphy in April 2021.

The following table compares Murphy to other Collin County cities with similar median home valuations in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median ValuationApril 2021 Median Valuation% change (Median Valuation)
Lucas922-59.1$484,437$675,441-28.3
Fairview1922-13.6$435,657$377,76815.3
Dallas5481-33.3$393,542$378,0004.1
Richardson3845-15.6$369,857$346,1196.9
Frisco142223-36.3$352,583$388,209-9.2
Murphy2430-20$349,100$355,389-1.8
Plano373521-28.4$312,687$315,490-0.9
Sachse222010$306,514$354,808-13.6
McKinney295500-41$305,557$313,049-2.4
Allen142236-39.8$303,485$328,137-7.5
Celina231643.8$300,026$314,186-4.5

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