Temple Home Values

The typical closing in Temple wrapped up in about 50 days this quarter, down sharply from the 80-day trailing-year median and continuing a steady acceleration from the four-month waits seen last spring, based on MLS data for 2026-09 closings in Temple. Closed sales climbed to 29, up from the mid-20s pace of recent quarters -- though the sample remains modest enough that the trend reads as directional. Price per square foot held essentially flat near $154, just below the trailing-year figure of $162, while the median sale price of roughly $261,000 stayed below the annual benchmark near $285,000. Concessions appeared in a bit under two-thirds of transactions, and sellers collected just under 97 cents on the dollar at closing.

New listings in Temple edged up to 40 this quarter, once again outrunning a pending-contract count that has held at just five for two straight readings. Active inventory ticked up modestly to 90 homes, pushing months of supply toward nine and a half -- comfortably inside buyer-favorable territory. The faster closing timelines showing up in recent sales haven't yet pulled the pipeline along with them: absorption remains thin relative to the stock sitting on the market.

Closings in Temple accelerated this quarter, with roughly 31 sales logged versus the mid-20s pace of a month earlier -- a meaningful jump, even against a still-thin sample. Based on MLS data for 2026-07 closings in Temple, the typical listing spent close to three months under contract before closing, running a bit faster than the stretch seen back in the spring. Sellers kept giving ground at the table: roughly two-thirds of transactions carried concessions, and the median sale settled near $267,000, with price per square foot holding close to $160, essentially flat month over month. With just north of two dozen prior closings for comparison, the trend reads as directional rather than confirmed.

Temple's forward-looking indicators point to a pipeline thinning out on both ends. Pending contracts fell to just 7, down sharply from the roughly 19 in queue a month earlier, even as new listings entering the market slowed to 38 from a prior pace near 62. Active inventory eased only modestly, to 93 homes, leaving months of supply near nine -- still deep in buyer-favorable territory, if less lopsided than the prior reading closer to twelve. The pullback on both the supply and demand side suggests a market catching its breath rather than genuinely rebalancing.

The negotiation gap between list and sale prices in Temple widened further in the most recent quarter, with sellers receiving roughly 93 cents on the dollar at closing — directionally below the trailing-year average — based on MLS data for 2026-06 closings in Temple. Price per square foot came in near $163, essentially flat against the prior month but the limited sample of about two dozen closings means this figure carries meaningful uncertainty. What the data directionally suggests is a continued repricing: the typical concession grew to around $9,100, up noticeably from the annual average near $8,100, even as the share of transactions carrying concessions held steady at roughly six in ten. The majority of closings settled below original list price, and the median sale price of approximately $264,000 remains well below the trailing-year average of roughly $282,000.

The supply-demand imbalance that defined Temple's pipeline in recent months has not materially shifted. Roughly 101 active listings stand against only about 19 pending contracts — a ratio that points toward continued buyer advantage heading into Q3. Months of supply remains near twelve, well into territory that historically favors buyers. New listing activity contributed around 62 homes to the pool this quarter, sustaining pressure on the demand side. The marginal uptick in pending contracts from the prior period is directionally positive but falls far short of the absorption pace needed to rebalance the market in the near term.