Murphy Realtor, facts first.

Murphy is a city of about 20,985 people (July 2025 Census estimate) in Collin County, midway between Plano and Wylie on FM 544, and its growth took off after the President George Bush Turnpike opened in 1999. Almost 94% of homes are owner occupied, the median owner-occupied value is $555,500 and the median household income is $175,699 (Census ACS 2020-2024). Zillow's typical home value was about $580,000 in September 2026, down 3.6% from a year earlier.

For tax year 2025 a Murphy home paid about 1.63% combined in Plano ISD (city 0.357514, Plano ISD 1.03955, Collin County plus Collin College 0.230563 per $100) and about 1.76% in Wylie ISD. On an $800,000 home that is roughly $13,000 a year ($1,085 a month) in Plano ISD or $14,100 a year ($1,176 a month) in Wylie ISD, before the state's $140,000 school homestead exemption. The city offers a $50,000 over-65 and disabled exemption but no general homestead exemption.

Check Plano ISD versus Wylie ISD first, since the district changes both the campus and roughly $1,100 a year in taxes on an $800,000 home. Then look at days on market for each home you like: listings that have sat past the 56 day median in 75094 are where you have the most room to negotiate price or repairs.

The lesson in Murphy right now is pricing discipline. In ZIP 75094 in September 2026, Realtor.com data showed 66 active listings, a median of 56 days on market and about half of active listings with at least one price cut. Sellers who list at last year's number tend to chase the market down, while buyers have room to negotiate on homes that have sat, especially in the $750K to $900K neighborhoods.

With about half of 75094 listings taking a price cut in September 2026, the first two weeks decide your result. Price to the last few months of sales in your subdivision, and fix the items buyers in the $700K to $900K range notice on 2000s homes: original HVAC, aging roofs, dated lighting and worn flooring. In my construction years I learned that buyers discount a repair list far more than it actually costs to fix, so handle it before you list.