The pandemic has resulted in a further reduction in travel distance, recreational radius of destinations and other levels of tourism activity, making “local people traveling locally” a new feature. From the perspective of localization of urban residents’ recreation, this paper describes a moderated mediation model based on temporal self-regulation theory. Five representative urban parks in Beijing were selected as study areas, and data collected through a questionnaire were used to discuss the behavioral characteristics of localized recreation and the formation mechanism of sense of place among urban residents in Beijing. The results showed that: (1) connectedness beliefs and temporal valuations positively influenced sense of place, and had a positive indirect effect on sense of place through the mediating role of recreation involvement; (2) recreation benefits positively influenced sense of place; (3) recreation benefits reinforced the direct and mediating role of recreation involvement. Based on these findings, the paper concludes with a discussion of the theoretical value and practical implications, as well as future research directions for park and city management.