Is Temple Terrace, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Temple Terrace has remained a Seller's Market.
Housing Prices in Temple Terrace, FL
How much do homes in Temple Terrace, FL cost?
Median Sold Price
$348,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Temple Terrace was $348,000 in March 2024, up 7.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $155K | +3.3% |
2 Bedrooms | $195K | $199.9K | +2.5% |
3 Bedrooms | $339.5K | $359K | +5.7% |
4 Bedrooms | $495K | $475K | -4.0% |
5+ Bedrooms | $680.5K | $480K | -29.5% |
Summary: Temple Terrace housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
Temple Terrace | $322.5K | $348K | +7.9% |
Tampa | $412.8K | $411.3K | -0.4% |
Housing Supply in Temple Terrace, FL
How many homes are available in Temple Terrace, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 108 | +6.9% |
Summary: The Temple Terrace real estate market had 108 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 32 | 40 | +25.0% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 25 | 23 | -8.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Temple Terrace 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 25%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Temple Terrace in March 2024, up by 13.6% month-over-month. Of the 25 sold homes, 72% were sold under asking, 12% were sold at asking, and 16% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 27 Days | -37.5% |
Summary: Homes in Temple Terrace had an average of 27 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Temple Terrace; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.