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Temple, TX Housing Market

The Temple housing market is somewhat competitive. Homes in Temple receive N/A offers on average and sell in around 80 days. The median sale price of a home in Temple was $285K last month, +1.8% since last year.

Temple Market Trends

It’s still a good market to sell in Temple.

Even though the market has shifted across the U.S., Temple is still a good market to sell your home.

+1.8%
The average home value in Temple has increased by +1.8%.
$285K
The median sale price for a home in Temple has remained strong at $285K.

Temple Real Estate

Learn more about the Temple market

In the last 30 days, homes for sale in Temple, TX sold for a median price of $285K, +1.8% compared to the same period last year. The median price per square foot was $166, +4.4% year-over-year. There were 86 homes sold, down from 601 last year. Homes typically received N/A offers and stayed on the market for around 80 days.

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Texas Acquisition Manager

Meet our Temple Expert, Andy

Andy will help you get the best offer in Temple with no repairs or showings.

By requesting and offer you're confirming that you agree with our Terms and Conditions.
Offer Requested!

Maximize Your Home Sale in Temple, TX: Tips and Insights

Selling your home can be both an exciting and challenging endeavor. If you're getting ready to put your house on the market in Temple, TX, understanding the local real estate landscape and knowing which upgrades can add value is key. With the right strategies, you can navigate this journey smoothly and achieve top dollar for your property.

Understanding the Temple Real Estate Market

As of 2023, Temple's real estate market offers a balanced environment for both sellers and buyers. With the average home staying on the market for about 80 days, patience can be a virtue. The median sale price sits at $285K, slightly below the median list price of $304K, demonstrating a stable market with healthy demand. Despite rising interest rates tempering some buyer activity, the market remains resilient due to Temple's economic stability, particularly in healthcare and manufacturing.

Enhancements to Boost Your Home's Value

Consider these home improvements to increase appeal and maximize returns, without overextending your budget:

  • Kitchen Remodel: Investing between $20,000 and $50,000 can modernize the heart of your home, offering a potential ROI of 60% to 80%. Consider updating countertops, cabinets, and appliances to captivate buyers.
  • Bathroom Remodel: With costs ranging from $10,000 to $25,000, a fresh, modern bathroom can offer a 60% to 70% ROI. Focus on high-quality materials for flooring, vanities, and lighting.
  • Curb Appeal Enhancements: Simple upgrades like landscaping and a new front door, costing $3,000 to $10,000, can yield up to a 100% ROI. First impressions matter!
  • Deck Addition: Adding a deck, costing $7,000 to $15,000, can enhance outdoor space and appeal, returning 65% to 75% of your investment.
  • Energy-Efficient Upgrades: With an ROI of 50% to 70%, and varied costs, energy-efficient windows and insulation improvements attract eco-conscious buyers.
  • Updated Flooring: Transitioning to high-quality laminate or hardwood can significantly refresh a home for $5,000 to $12,000, with up to an 80% ROI.

It's crucial to align any renovations with the current trends and buyer preferences in Temple. This approach will help ensure you get the most return on investment while enhancing your home's marketability.

Simplifying the Selling Process

If renovations sound daunting, consider selling directly to Frontdoor. This option allows you to skip the hassle of costly upgrades and quickly sell your home, providing a straightforward solution to cash in on your current property's value without delay.

Navigating Your Sale with Confidence

As a seller in Temple, understanding local market trends, including moderate price fluctuations and consistent demand, empowers you to make informed decisions. Collaborate with a knowledgeable real estate professional for insights tailored to your specific situation.

Ultimately, whether you choose to invest in renovations or opt for a quicker sale, the Temple housing market offers promising opportunities for sellers. With thoughtful preparation and strategic decisions, you can maximize your home's appeal and achieve a satisfying sale.

Request your custom offer today

Get an offer from Frontdoor and skip the hassle of renovations in Temple.

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Sell your Temple home

Request a competitive offer

Step 1

Step 1: Share Unique Details About Your Home

When you're ready to sell your home in Temple, TX, it's crucial to highlight what makes it special. Whether it's a newly remodeled kitchen, a spacious backyard, or its proximity to local schools, these features can set your home apart. Upload photos and give a detailed description on Frontdoor to catch a buyer's eye quickly.

Step 2

Step 2: Compare to Other Homes in Your Neighborhood

Take a look at recent sales in your area to understand the market in Temple. How does your home compare? Consider factors like size, age, and condition. This will help you set a realistic price, making it more attractive to buyers while ensuring you get a fair offer.

Step 3

Step 3: Speak to a Temple Market Expert

Consult with a local real estate expert who knows the Temple, TX market well. They can offer valuable insights into pricing strategies and current trends. Their knowledge can help you navigate the selling process smoothly and maximize your home's value.

Comparison

Why you’ll love working with us

Let’s compare the sale of a $550,000 home in Temple, TX.

                                                                                                                                                                                                                                                                                                                                           
Traditional SaleFrontdoor
Commission & Fees$33,000$0
Closing Costs$8,400$0
We pay all costs
Repair Costs$24,750$0
We pay all costs
Days on Market25 DaysImmediate Offer
Total SavingsSave $66,150

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