Is Temple, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Temple has remained a Seller's Market.
Key Takeaway
Temple is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Temple, PA
How much do homes in Temple, PA cost?
Median Sold Price
$250,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Temple have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Temple was $250,000 in May 2024, up 7.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $202.4K | +3.8% |
| 3 Bedrooms | $246K | $250K | +1.6% |
| 4 Bedrooms | $241K | $250K | +3.7% |
| 5+ Bedrooms | $440K | $337.5K | -23.3% |
Summary: Temple housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Cities
| Muhlenberg Township | $250K | $282.5K | +13.0% |
| Laureldale | $195K | $215K | +10.3% |
| Temple | $233.5K | $250K | +7.1% |
| Alsace Township | $268.5K | $284K | +5.8% |
| Blandon | $335K | $325K | -3.0% |
Housing Supply in Temple, PA
How many homes are available in Temple, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The Temple real estate market had 24 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Temple housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Temple, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Temple in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Temple, PA
How long does it take to sell a home in Temple, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 33 Days | +259.6% |
Summary: Homes in Temple had an average of 33 days on market in May 2024, up by 259.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Temple are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Temple; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
