Is Temple, PA 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 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 in Temple, PA
How much do homes in Temple, PA cost?
Median Sold Price
$245,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Temple have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Temple was $245,000 in March 2024, up 6.6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $199.9K | +2.5% |
| 3 Bedrooms | $223K | $244.3K | +9.6% |
| 4 Bedrooms | $241K | $250K | +3.7% |
| 5+ Bedrooms | $375K | $337.5K | -10.0% |
Summary: Temple 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 2.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Muhlenberg Township | $230K | $280K | +21.7% |
| Laureldale | $188K | $215K | +14.4% |
| Alsace Township | $260K | $294.9K | +13.4% |
| Temple | $229.9K | $245K | +6.6% |
| Blandon | $330K | $322.5K | -2.3% |
Housing Supply in Temple, PA
How many homes are available in Temple, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The Temple real estate market had 25 homes for sale in March 2024, a 38.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 7 | 19 | +171.4% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Temple 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 decreased by 66.7%, 3 bedroom homes increased by 171.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Temple, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Temple in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Temple, PA
How long does it take to sell a home in Temple, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 11 Days | -48.6% |
Summary: Homes in Temple had an average of 11 days on market in Mar 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Temple are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Temple; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
