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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Temple is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Temple has remained a Seller's Market.

Key Takeaway

Temple is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Temple, GA

How much do homes in Temple, GA cost?

Median Sold Price

$285,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$700(+0.2%)

Key Takeaway

The sold price of homes in Temple has remained the same since last year.

Summary: The median home sold price in Temple was $285,000 in May 2024, up 0.2% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $93K-
N/A
2 $180K$219.9K
+22.2%
3 $260.9K$266.5K
+2.1%
4 $315K$320K
+1.6%
5+ $317.5K$361K
+13.7%

Summary: Temple housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 13.7%.

Housing Supply in Temple, GA

How many homes are available in Temple, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
128131+2.3%

Summary: The Temple real estate market had 131 homes for sale in May 2024, a 2.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 6266
+6.5%
4 6057
-5.0%
5+ 68
+33.3%

Summary: The Temple housing inventory by bedroom type for May 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 6.5%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2830+7.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 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. 40.7% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Temple in May 2024, up by 7.1% month-over-month. Of the 27 sold homes, 41% were sold under asking, 33% were sold at asking, and 26% were sold over asking.

Days on Market for Temple, GA

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

Average Sale Time

May 2023May 2024CHANGE
42 Days21 Days-49.1%

Summary: Homes in Temple had an average of 21 days on market in May 2024, down by 49.1% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Temple are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 30 homes were sold in Temple; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% 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 1 Day Ago

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