Is Temple, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Temple is a seller's market

Buyer's
Market

Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Temple, GA cost?

Median Sold Price

$282,450

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$6,536(+2.4%)

Key Takeaway

Homes in Temple have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Temple was $282,450 in August 2023, up 2.4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$156K
N/A
2 $177K$185K
+4.5%
3 $242.9K$260K
+7.0%
4 $295K$315K
+6.8%
5+ $293K$345K
+17.7%

Summary: Temple housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 17.7%.

Housing Supply

How many homes are available in Temple, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
99116+17.2%

Summary: The Temple real estate market had 116 homes for sale in August 2023, a 17.2% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 22
0.0%
3 5860
+3.4%
4 3448
+41.2%
5+ 56
+20.0%

Summary: The Temple housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
2431+29.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Temple, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Temple in August 2023, up by 29.2% month-over-month. Of the 28 sold homes, 39% were sold under asking, 29% were sold at asking, and 32% were sold over asking.

Days on Market

How long does it take to sell a home in Temple, GA?

Average Sale Time

Aug 2022Aug 2023CHANGE
14 Days30 Days+111.1%

Summary: Homes in Temple had an average of 30 days on market in Aug 2023, up by 111.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 31 homes were sold in Temple; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% 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 27 Days Ago

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