$1,780 Closing Credit*
$149,900
759 SqFt
2 Beds
•1 Full Bath
Kevin Rollins, Listing Office: RE/MAX Professionals
Is Temple Hills, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Temple Hills has remained a Seller's Market.
Key Takeaway
Temple Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Temple Hills, MD
How much do homes in Temple Hills, MD cost?
Median Sold Price
$350,000
$207/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Temple Hills has remained the same since last year.
Summary: The median home sold price in Temple Hills was $350,000 in October 2024, the same as last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $90K | -10.0% |
| 2 Bedrooms | $215K | $255K | +18.6% |
| 3 Bedrooms | $341.5K | $350K | +2.5% |
| 4 Bedrooms | $431K | $422.5K | -2.0% |
| 5+ Bedrooms | $400K | $450K | +12.5% |
Summary: Temple Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in Temple Hills, MD
How many homes are available in Temple Hills, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Summary: The Temple Hills real estate market had 15 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 6 | +500.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Temple Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 500%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Temple Hills, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Temple Hills in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Temple Hills, MD
How long does it take to sell a home in Temple Hills, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 Days | -6.2% |
Summary: Homes in Temple Hills had an average of 29 days on market in Oct 2024, down by 6.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Temple Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Temple Hills; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
