Is Temple Terrace, FL 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 Terrace has remained a Seller's Market.
Housing Prices in Temple Terrace, FL
How much do homes in Temple Terrace, FL cost?
Median Sold Price
$365,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Temple Terrace was $365,000 in May 2024, up 15.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | $150K | -5.1% |
2 Bedrooms | $196.5K | $200K | +1.8% |
3 Bedrooms | $331.4K | $370K | +11.6% |
4 Bedrooms | $487.5K | $472K | -3.2% |
5+ Bedrooms | $705K | $476.9K | -32.3% |
Summary: Temple Terrace housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 32.3%.
Median Sold Price Compared To Nearby Cities
Temple Terrace | $316K | $365K | +15.5% |
Tampa | $409.7K | $414.6K | +1.2% |
Housing Supply in Temple Terrace, FL
How many homes are available in Temple Terrace, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
123 | 126 | +2.4% |
Summary: The Temple Terrace real estate market had 126 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 43 | 40 | -7.0% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 34 | 36 | +5.9% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Temple Terrace housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Temple Terrace in May 2024, down by 4.0% month-over-month. Of the 24 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Temple Terrace, FL
How long does it take to sell a home in Temple Terrace, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 32 Days | -5.0% |
Summary: Homes in Temple Terrace had an average of 32 days on market in May 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Temple Terrace; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.