Temple City, CA Real Estate for Sale

In November 2024, Temple City home prices saw a notable 12.7% increase compared to the previous year, with the median sale price reaching $1.1 million. Homes are selling faster, with the average time on market dropping to 31 days, down from 45 days in November 2023. This shift indicates a more competitive market, with buyers acting more quickly. Additionally, the number of homes sold rose to 19 this November, up from 15 last year, suggesting growing demand and a healthier sales volume in the area. This combination of rising prices and quicker sales points to a robust market, driven by strong buyer interest.

Temple City is a highly competitive market, with homes typically selling in 32 days. Many properties receive multiple offers, with some buyers even waiving contingencies to secure their desired home. On average, homes in Temple City sell for about 3% above their listing price and go pending in around 32 days. Particularly sought-after homes—often referred to as "hot" properties—can sell for as much as 8% above the list price and go pending in as little as 19 days, highlighting the strong demand and fast-paced nature of the market.

In December 2024, Temple City, CA, is experiencing a seller's market, where buyer demand exceeds the number of homes available. This creates favorable conditions for sellers, as competition among buyers often leads to quicker sales and higher sale prices.