Is Templeton, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Templeton has remained a Seller's Market.
Key Takeaway
Templeton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Templeton, VA
How much do homes in Templeton, VA cost?
Median Sold Price
$349,950
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Templeton have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Templeton was $349,950 in April 2024, down 2.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $118K | $294.5K | +149.6% |
| 3 Bedrooms | $329.9K | $327K | -0.9% |
| 4 Bedrooms | $387.2K | $412.5K | +6.5% |
| 5+ Bedrooms | $450K | $493.9K | +9.8% |
Summary: Templeton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 149.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Rives | $280.5K | $295K | +5.2% |
| Petersburg | $215.3K | $226.2K | +5.1% |
| Carson | $279.8K | $289.9K | +3.6% |
| Templeton | $360K | $349.9K | -2.8% |
| Disputanta | $327.4K | $315K | -3.8% |
Housing Supply in Templeton, VA
How many homes are available in Templeton, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Templeton real estate market had 14 homes for sale in April 2024, a 22.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Templeton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Templeton, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Templeton in April 2024, up by 80.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Templeton, VA
How long does it take to sell a home in Templeton, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +8.6% |
Summary: Homes in Templeton had an average of 28 days on market in Apr 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Templeton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Templeton; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved