Is Templeton, MA 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, 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, MA
How much do homes in Templeton, MA cost?
Median Sold Price
$356,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Templeton have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Templeton was $356,000 in May 2024, down 6.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $205K | +20.6% |
| 2 Bedrooms | $243K | $310K | +27.6% |
| 3 Bedrooms | $413.5K | $365K | -11.7% |
| 4 Bedrooms | $368K | $389K | +5.7% |
| 5+ Bedrooms | $435K | $330K | -24.1% |
Summary: Templeton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 27.6%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Phillipston | $342K | $460K | +34.5% |
| Gardner | $310K | $364.2K | +17.5% |
| Templeton | $380.7K | $356K | -6.5% |
Housing Supply in Templeton, MA
How many homes are available in Templeton, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Templeton real estate market had 34 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Templeton 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Templeton, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Templeton in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Templeton, MA
How long does it take to sell a home in Templeton, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 16 Days | -48.7% |
Summary: Homes in Templeton had an average of 16 days on market in May 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Templeton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Templeton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.