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 February 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

$235,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+4.4%)

Key Takeaway

Homes in Killeen have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Killeen was $235,000 in February 2024, up 4.4% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $286.5K$310K
+8.2%
2 $110.9K$145K
+30.7%
3 $201K$205K
+2.0%
4 $245K$257.5K
+5.1%
5+ $324.9K$355K
+9.3%

Summary: Killeen housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 30.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Copperas Cove
+13.6%
Killeen
+4.4%
Harker Heights
0.5%
Southwest Bell
-2.4%

Housing Supply in Killeen, TX

How many homes are available in Killeen, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
125156+24.8%

Summary: The Killeen real estate market had 156 homes for sale in February 2024, a 24.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 4559
+31.1%
4 6478
+21.9%
5+ 1111
0.0%

Summary: The Killeen housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 31.1%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1222+83.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 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. 59.1% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Killeen in February 2024, up by 83.3% month-over-month. Of the 22 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% 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

Feb 2023Feb 2024CHANGE
47 Days66 Days+41.3%

Summary: Homes in Killeen had an average of 66 days on market in Feb 2024, up by 41.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Killeen has remained consistent over time.

Summary: During February 2024, 22 homes were sold in Killeen; 32% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 27% 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 18 Days Ago

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