There’s a reason people obsess over Murphys. It’s not just the wine—though, let’s be real, having two dozen tasting rooms within walking distance of your front porch doesn’t hurt. It’s the vibe. It’s the "Queen of the Sierra" thing. But if you’ve been watching the housing market here lately, you’ve probably felt like you were trying to catch a falling knife.
The good news? The frenzy is over. Finally.
As we head deeper into 2025 and stare down 2026, the Murphys real estate market is shifting. It’s quieting down. We’re moving from "bid $50k over asking or don’t bother" to something that actually resembles a normal transaction. If you’re looking to buy, you can finally breathe.
The Numbers (Without the Bore)
Here’s the thing about the stats right now: they’re kind of all over the place. Depending on who you ask, the median sales price is sitting somewhere around $525,000, or spiking way higher in weird monthly bursts. That’s just Murphys being Murphys—a mix of rustic cabins and multimillion-dollar estates skewing the averages.
But pay attention to the market trends. The big shift is in inventory. We’re seeing about 6.5 months of supply sitting on the market. In real estate speak, that’s a buyer’s market. It means you don’t have to make a snap decision after a 15-minute walkthrough. You can sleep on it.
Homes are sitting for longer, too. We’re talking 88 to nearly 200 days on average. Sellers are getting the memo that they can’t just name their price anymore. In fact, most homes are closing at roughly 94% to 97% of the list price. That gap? That’s your negotiation room.
Where to Actually Look
Murphys isn’t one big blob. It’s a collection of micro-climates and wildly different lifestyles.
