Is Temple Terrace, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Temple Terrace is a buyer's market

Buyer's
Market

Difference Since November 2022

At the same time last year, Temple Terrace was a Neutral Market.

Key Takeaway

Temple Terrace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Temple Terrace, FL

How much do homes in Temple Terrace, FL cost?

Median Sold Price

$320,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$19,293(-5.7%)

Key Takeaway

Homes in Temple Terrace have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Temple Terrace was $320,000 in November 2023, down 5.7% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $135.5K$158.5K
+17.0%
2 $185K$200K
+8.1%
3 $333.2K$339.5K
+1.9%
4 $460K$495K
+7.6%
5+ $642.5K$480K
-25.3%

Summary: Temple Terrace housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 25.3%.

Median Sold Price Compared To Nearby Cities

Tampa
+0.7%
Temple Terrace
-5.7%

Housing Supply in Temple Terrace, FL

How many homes are available in Temple Terrace, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
10282-19.6%

Summary: The Temple Terrace real estate market had 82 homes for sale in November 2023, a 19.6% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 86
-25.0%
2 3623
-36.1%
3 3132
+3.2%
4 2218
-18.2%
5+ 53
-40.0%

Summary: The Temple Terrace housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 36.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
3311-66.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Temple Terrace, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Temple Terrace in November 2023, down by 66.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% 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

Nov 2022Nov 2023CHANGE
23 Days18 Days-20.8%

Summary: Homes in Temple Terrace had an average of 18 days on market in Nov 2023, down by 20.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 11 homes were sold in Temple Terrace; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in Temple Terrace, FL

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