Is Temple, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Temple was a Seller's Market.
Housing Prices in Temple, TX
How much do homes in Temple, TX cost?
Median Sold Price
$295,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Temple was $295,000 in May 2024, up 3.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $136K | +29.5% |
2 Bedrooms | $182.7K | $135.5K | -25.9% |
3 Bedrooms | $260K | $259.9K | 0% |
4 Bedrooms | $344.9K | $339K | -1.7% |
5+ Bedrooms | $327.5K | $490K | +49.6% |
Summary: Temple housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes decreased by 25.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 49.6%.
Median Sold Price Compared To Nearby Cities
Northwest Bell | $339.9K | $395K | +16.2% |
Temple | $285K | $295K | +3.5% |
Belton | $392.9K | $372.5K | -5.2% |
Housing Supply in Temple, TX
How many homes are available in Temple, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
136 | 163 | +19.9% |
Summary: The Temple real estate market had 163 homes for sale in May 2024, a 19.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 58 | 68 | +17.2% |
4 Bedrooms | 65 | 75 | +15.4% |
5+ Bedrooms | 8 | 16 | +100.0% |
Summary: The Temple housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Temple in May 2024, the same as the previous month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Temple, TX
How long does it take to sell a home in Temple, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 59 Days | +7.8% |
Summary: Homes in Temple had an average of 59 days on market in May 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Temple; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.