Is Temple City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Temple City has remained a Seller's Market.
Key Takeaway
Temple City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Temple City, CA
How much do homes in Temple City, CA cost?
Median Sold Price
$1,080,000
$677/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Temple City have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Temple City was $1,080,000 in April 2024, up 11.6% from last year, and the median price per square foot was $677.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $829K | $845K | +1.9% |
| 3 Bedrooms | $900K | $1.0M | +17.8% |
| 4 Bedrooms | $1.2M | $1.1M | -3.1% |
| 5+ Bedrooms | $1.8M | $2.1M | +16.7% |
Summary: Temple City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Temple City | $968K | $1.0M | +11.6% |
| El Monte | $670K | $715K | +6.7% |
| Upper San Gabriel Valley | $938.1K | $990.9K | +5.6% |
| Southwest San Gabriel Valley | $818.3K | $860K | +5.1% |
| Arcadia | $1.4M | $1.4M | -0.3% |
Housing Supply in Temple City, CA
How many homes are available in Temple City, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 48 | +29.7% |
Summary: The Temple City real estate market had 48 homes for sale in April 2024, a 29.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 9 | 17 | +88.9% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Temple City housing inventory by bedroom type for April 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 increased by 20%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Temple City, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Temple City in April 2024, up by 66.7% month-over-month. Of the 15 sold homes, 13% were sold under asking, 13% were sold at asking, and 73% were sold over asking.
Days on Market for Temple City, CA
How long does it take to sell a home in Temple City, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 13 Days | -62.7% |
Summary: Homes in Temple City had an average of 13 days on market in Apr 2024, down by 62.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Temple City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Temple City; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.