Is Copperas Cove, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Copperas Cove is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Copperas Cove has remained a Buyer's Market.

Key Takeaway

Copperas Cove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Copperas Cove, TX

How much do homes in Copperas Cove, TX cost?

Median Sold Price

$259,195

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,195(+1.2%)

Key Takeaway

Homes in Copperas Cove have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Copperas Cove was $259,195 in November 2024, up 1.2% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$166.7K
-20.6%
2 $123.9K-
N/A
3 $216.5K$210.7K
-2.7%
4 $279K$280K
0.4%
5+ $339K$338.5K
-0.1%

Summary: Copperas Cove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

Killeen
+4.9%
Copperas Cove
+1.2%

Housing Supply in Copperas Cove, TX

How many homes are available in Copperas Cove, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
258298+15.5%

Summary: The Copperas Cove real estate market had 298 homes for sale in November 2024, a 15.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 56
+20.0%
3 119144
+21.0%
4 110122
+10.9%
5+ 2325
+8.7%

Summary: The Copperas Cove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Copperas Cove, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Copperas Cove in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Copperas Cove, TX

How long does it take to sell a home in Copperas Cove, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days49 Days+19.9%

Summary: Homes in Copperas Cove had an average of 49 days on market in Nov 2024, up by 19.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Copperas Cove are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Copperas Cove; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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