Is Temple City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Temple City is a seller's market

Buyer's
Market

Difference Since March 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

$1,075,000

$671/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$107,000(+11.1%)

Key Takeaway

Homes in Temple City have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Temple City was $1,075,000 in March 2024, up 11.1% from last year, and the median price per square foot was $671.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $820K$860K
+4.9%
3 $902K$1.0M
+17.1%
4 $1.2M$1.1M
-3.9%
5+ $1.8M$2.0M
+11.3%

Summary: Temple City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Cities

Temple City
+11.1%
Upper San Gabriel Valley
+4.7%
Southwest San Gabriel Valley
+2.9%
Arcadia
-2.6%

Housing Supply in Temple City, CA

How many homes are available in Temple City, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3241+28.1%

Summary: The Temple City real estate market had 41 homes for sale in March 2024, a 28.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1516
+6.7%
4 711
+57.1%
5+ 68
+33.3%

Summary: The Temple City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Temple City, 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 Temple City in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Mar 2023Mar 2024CHANGE
33 Days54 Days+64.4%

Summary: Homes in Temple City had an average of 54 days on market in Mar 2024, up by 64.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 8 homes were sold in Temple City; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 24 Days Ago

Newest Listings in Temple City, CA

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