Strong Seller's Market
▼ Cooling DownEast Murphy, Sunnyvale Market Update
East Murphy is one of the most competitive markets in the Bay Area right now. Here's what you need to know:
- Homes go pending in about 9 days — move quickly or you'll miss out
- Selling 4% above asking — budget above list price to compete
- Monthly payment: $7,732 at 6.37% (20% down on a $1.55M median home)
- Bidding wars persist (71% sell above list) but inventory is growing — competition may ease soon
- East Murphy pricing is 17% below the Sunnyvale median ($1.55M vs. $1.87M)
Competition is easing. Conditions may improve in coming months.
Median Sale Price
$1.55M
▼ -7.1% YoY
21 sold this month
Down $119K from last year
Days on Market
9 days
▼ -1d YoY
Homes sell in a week or two
Sale-to-List Ratio
104.4%
▼ from 108.3%
Selling 4% above asking
Active Inventory
14
Very low — limited options for buyers
Sold Above List
71%
▼ -19pp YoY
2 in 3 homes get competing offers
Price Drops
—
Sellers rarely reduce their price
Off Market in 2 Wks
59%
▲ 17pp YoY
Most go pending within 2 weeks
Monthly Payment
$7,732
— 6.37% · 30yr fixed
Principal & interest only on a 20% down $1.55M home. Add ~30–40% for property taxes, insurance, and HOA.
30-yr Fixed6.37%
15-yr Fixed5.74%
A 1% rate drop would save ~$792/mo on the median East Murphy home. Your actual rate depends on your credit, down payment, and loan type.East Murphy Trends
Median Sale Price
Down 7.1% year-over-year. The market is adjusting.
What You'd Actually Pay Per Month
Monthly cost has eased 14% year-over-year.
Melanie Tan
8 Blocks Real Estate · DRE #02014153
“I know East Murphywell. Let me help you understand what the numbers mean for your specific situation.”
Let's talk about East Murphy
Market data: Redfin Data Center · Rates: FRED / Federal Reserve · Updated weekly · Data through Feb 2026
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153