Is Temple, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Temple is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Temple has remained a Buyer's Market.

Key Takeaway

Temple is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Temple, TX

How much do homes in Temple, TX cost?

Median Sold Price

$309,900

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$17,035(+5.8%)

Key Takeaway

Homes in Temple have sold for 5.8% more than they did a month ago.

Summary: The median home sold price in Temple was $309,900 in October 2024, up 5.8% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$61K
N/A
3 $250.9K$269.4K
+7.4%
4 $301.3K$325K
+7.8%
5+ -$1.1M
N/A

Summary: Temple housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.

Housing Supply in Temple, TX

How many homes are available in Temple, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
166185+11.4%

Summary: The Temple real estate market had 185 homes for sale in October 2024, a 11.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 7178
+9.9%
4 7484
+13.5%
5+ 1517
+13.3%

Summary: The Temple housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Temple, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Temple in October 2024, up by 5.3% month-over-month. Of the 20 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.

Days on Market for Temple, TX

How long does it take to sell a home in Temple, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
63 Days70 Days+11.3%

Summary: Homes in Temple had an average of 70 days on market in Oct 2024, up by 11.3% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Temple are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 20 homes were sold in Temple; 25% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Temple, TX

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