Temple Market Recap: Prices Drop and Days on Market Rise

What does a 5.3% drop in median price mean for Temple buyers and sellers? Over the rolling 12 months ending October 31, 2026, 56 single-family homes closed at a median of $241,850, down from $255,376 in the prior period. This shift reflects a market where homes are taking longer to sell and closing slightly below original list prices more often than before. ALEX Intelligence analyzed the data to show that the median days on market rose 12% to 56 days, while the share of homes selling below their original list price jumped to 82.1%. The median price per square foot also declined 8.4% to $146.22. Despite these adjustments, new construction activity remains a key driver, with 16 new homes closing in this window compared to just four in the prior period. Inventory levels remain tight, with only 23 active listings today and a months of inventory reading of 4.93. This suggests a balanced but cautious environment where buyers have more time to negotiate, yet supply is not abundant enough to drive prices down further. The median home size also shrank slightly by 2.2% to 1,665 square feet, indicating a shift toward smaller properties in the current sales mix. For those tracking affordability, the median sale price of $241,850 combined with a 7.18% mortgage rate creates a specific payment profile. A 3-2-1 buydown on this median price would cost approximately $8,964 to reduce monthly payments significantly in the first three years. As the market continues to adjust, these metrics provide a clear picture of current conditions without projecting future trends. Want to see this home? Call or text George at 713.918.9951 for a private showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog