$4,619 Closing Credit*
$389,000
2,080 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Morgan, Listing Office: Fathom Realty Virginia
Is Templeton, VA 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, Templeton has remained a Seller's Market.
Key Takeaway
Templeton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Templeton, VA
How much do homes in Templeton, VA cost?
Median Sold Price
$385,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,550(+13.4%)
Key Takeaway
Homes in Templeton have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Templeton was $385,000 in October 2024, up 13.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240.2K | - | N/A |
| 3 Bedrooms | $329K | $362.5K | +10.2% |
| 4 Bedrooms | $405K | $427.5K | +5.6% |
| 5+ Bedrooms | $469K | $499.9K | +6.6% |
Summary: Templeton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Rives | $270K | $311.2K | +15.3% |
| Templeton | $339.4K | $385K | +13.4% |
| Disputanta | $326.9K | $367.5K | +12.4% |
| Petersburg | $215K | $239.3K | +11.3% |
Housing Supply in Templeton, VA
How many homes are available in Templeton, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Templeton real estate market had 17 homes for sale in October 2024, a 15.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Templeton 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 decreased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Templeton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Templeton in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Templeton, VA
How long does it take to sell a home in Templeton, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 69 Days | +32.4% |
Summary: Homes in Templeton had an average of 69 days on market in Oct 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Templeton has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Templeton; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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