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 May 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

$238,187

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,187(+1.4%)

Key Takeaway

Homes in Killeen have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Killeen was $238,187 in May 2024, up 1.4% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $320K$260K
-18.8%
2 $130K$148K
+13.8%
3 $205K$215K
+4.9%
4 $255K$255K
0.0%
5+ $324.9K$362K
+11.4%

Summary: Killeen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.4%.

Median Sold Price Compared To Nearby Cities

Killeen
+1.4%
Copperas Cove
+0.9%
Harker Heights
-4.0%
Southwest Bell
-6.5%

Housing Supply in Killeen, TX

How many homes are available in Killeen, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
170186+9.4%

Summary: The Killeen real estate market had 186 homes for sale in May 2024, a 9.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 75
-28.6%
3 7478
+5.4%
4 7686
+13.2%
5+ 1317
+30.8%

Summary: The Killeen housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
26260.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Killeen, expect to pay close to the asking price. 56% of homes here sold near the asking price last month.

Summary: A total of 26 homes were sold or pending in Killeen in May 2024, the same as the previous month. Of the 25 sold homes, 32% were sold under asking, 56% were sold at asking, and 12% 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

May 2023May 2024CHANGE
37 Days47 Days+26.1%

Summary: Homes in Killeen had an average of 47 days on market in May 2024, up by 26.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 26 homes were sold in Killeen; 46% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 12% 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 13 Days Ago

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