Is Killeen, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Killeen is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Killeen was a Seller's Market.

Key Takeaway

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

Housing Prices in Killeen, TX

How much do homes in Killeen, TX cost?

Median Sold Price

$246,500

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,500(+4.9%)

Key Takeaway

Homes in Killeen have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Killeen was $246,500 in November 2024, up 4.9% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $306.5K$215K
-29.9%
2 $140K$160.2K
+14.5%
3 $205K$230K
+12.2%
4 $257.5K$260.9K
+1.3%
5+ $347.4K$370K
+6.5%

Summary: Killeen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.9%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Killeen
+4.9%
Copperas Cove
+1.2%

Housing Supply in Killeen, TX

How many homes are available in Killeen, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
656783+19.4%

Summary: The Killeen real estate market had 783 homes for sale in November 2024, a 19.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 2426
+8.3%
3 307374
+21.8%
4 294337
+14.6%
5+ 3044
+46.7%

Summary: The Killeen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 46.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2321-8.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Killeen, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Killeen in November 2024, down by 8.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.

Days on Market for Killeen, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days72 Days+203.7%

Summary: Homes in Killeen had an average of 72 days on market in Nov 2024, up by 203.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Killeen are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 21 homes were sold in Killeen; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 33% 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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