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 seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Temple Terrace, FL cost?

Median Sold Price

$334,743

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$84,743(+33.9%)

Key Takeaway

Homes in Temple Terrace have sold for 33.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $99K$135K
+36.4%
2 $128K$175K
+36.7%
3 $240K$325K
+35.4%
4 $360K$442.5K
+22.9%
5+ $545.4K$650K
+19.2%

Median Sold Price Compared To Nearby Cities

Temple Terrace
+33.9%
Tampa
+16.9%

How many homes are available in Temple Terrace, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
10586-18.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 54
-20.0%
2 1921
+10.5%
3 4532
-28.9%
4 2722
-18.5%
5+ 97
-22.2%

Number of Homes Sold

Aug 2022Sep 2022%
3826-31.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 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. 42.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
15 Days14 Days-10.4%

Breakdown of Home Sale Times

23 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Temple Terrace, FL

Number of homes for sale in Temple Terrace, FL real estate market have reached 86. The inventory of homes for sale in Temple Terrace, FL between August 2022 and September 2022 decreased by 18.1%. In September 2022 median list price was $334,743 and the average listing age was 14 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 36.4%, 2 bedrooms properties became 36.7% more expensive, 3 bedrooms properties became 35.4% more expensive, 4 bedrooms properties prices increased by 22.9%, the cost of 5 bedrooms properties went up by 19.2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 20% less available, number of 2 bedrooms homes increased by 10.5%, 3 bedrooms homes inventory decreased by 28.9%, number of 4 bedrooms homes decreased by 18.5%, number of 5 bedrooms homes decreased by 22.2%. While more than 8 listings in Temple Terrace, FL in September 2022 were sold above asking price, there were more than 7 listings sold at asking price, and more than 11 were sold below.

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