$2,611 Closing Credit*
$219,900
1,656 SqFt
3 Beds
•2 Full Baths
Julie Jewell, Listing Office: The Danberry Company - Temperance
Is Temperance, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Temperance has remained a Seller's Market.
Key Takeaway
Temperance is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Temperance, MI
How much do homes in Temperance, MI cost?
Median Sold Price
$263,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,000(+3.1%)
Key Takeaway
Homes in Temperance have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Temperance was $263,000 in November 2024, up 3.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.2K | - | N/A |
| 2 Bedrooms | $139K | $177.5K | +27.7% |
| 3 Bedrooms | $231.5K | $255K | +10.2% |
| 4 Bedrooms | $302.5K | $327.5K | +8.3% |
| 5+ Bedrooms | $315.2K | $380K | +20.5% |
Summary: Temperance housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Lambertville | $255K | $275K | +7.8% |
| Bedford Township | $255K | $265K | +3.9% |
| Temperance | $255K | $263K | +3.1% |
| Erie | $185K | $187.4K | +1.3% |
Housing Supply in Temperance, MI
How many homes are available in Temperance, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 70 | -4.1% |
Summary: The Temperance real estate market had 70 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Temperance housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Temperance, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Temperance in November 2024, up by 5.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 29% were sold at asking, and 33% were sold over asking.
Days on Market for Temperance, MI
How long does it take to sell a home in Temperance, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -5.9% |
Summary: Homes in Temperance had an average of 32 days on market in Nov 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Temperance are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Temperance; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
