Temple Home Values

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.

Homes in Temple took noticeably longer to find buyers in the most recent quarter, with the median time from list to close stretching to roughly four months — up from about three months over the trailing year. Based on MLS data for 2026-05 closings in Temple, price per square foot held near $164, a modest figure that sits slightly above the annual baseline, while the median sale price came in around $262,000. Sellers gave back just over seven cents on the dollar at closing, and nearly six in ten transactions included concessions, with the typical concession averaging around $9,500. The data directionally suggests a market where buyers are taking their time.

The pipeline in Temple reflects a market where supply has outpaced demand for an extended stretch. With roughly 96 active listings against only 17 pending contracts, absorption has slowed sharply — a ratio that directionally points toward continued buyer advantage in the near term. Months of supply has edged toward twelve and a half, well above the threshold that typically signals a buyer's market. New listing activity added 58 homes to the pool over the quarter, sustaining pressure on the demand side as pending volume remains thin.