The Killeen, TX, real estate market is a great place to invest in property. The city and surrounding areas have seen significant growth in recent years, and the trend is expected to continue. There are many great neighborhoods in Killeen, and there are opportunities for investment at all price points. Whether you’re looking for a starter home or an investment property, Killeen is a great place to consider.
As a local real estate agent in the Killeen, TX area , I have the opportunity to work with many different types of buyers and sellers. I have seen the Killeen real estate market firsthand and want to share my insights with you.
If you’re thinking about purchasing a home in this area, or if you’re already a homeowner here, it’s essential to be aware of the current market conditions. Killeen is a seller’s market right now, which means that there are more buyers than there are homes for sale.
This can make it challenging to find a property, but it also presents an opportunity for sellers. If you’re thinking of selling your home, now is a great time to do so.
The current state of the Killeen, TX, real estate market.
The Killeen market continues its upward trend, with the average price per square foot rising to around $135. This is from last year’s average of $125 per square foot. The median sale price for homes in Killeen is now $240,000, an increase of 21% from last year. The number of homes sold in Killeen has also increased to 293, up 3.9%.
Is Killeen a buyers or seller’s market?
This market is still a hot seller’s market as the average number of days on the market is only 6. This means that homes are selling very quickly. If you are considering selling your home in Killeen, TX, now is a great time to do so. You can expect to sell your house fast and for top dollar.
Of course, take a look at the property data on the central Texas MLS to get a more accurate read on whether it’s a buyers or sellers market. You’ll also want to check out nearby zip codes to see what adjacent markets are looking like. A real estate agent can help you out with that.
Recent trends in the Killeen, TX real estate market.
Killeen, TX has always enjoyed a moderate increase in home values, but this trend has accelerated in recent years. This is partly due to the strong military presence in the area and the growing number of families who are moving to Killeen for its affordable housing and excellent schools.
With the fluctuations in the economy, it’s difficult to pinpoint the exact causation of the chaos in the market. Many different things can affect the market, but we can say that in recent years, there has been an overall increase in demand for Killeen tx real estate.
Factors influencing real estate in the area.
A few key factors are influencing the real estate market in Killeen right now.
First, as mentioned before, the strong military presence in the area is a significant driver of the housing market in the summer months. Fort Hood is one of the largest military bases in the country and continues to grow. The Army’s primary PCS season is typically from May to September, when we see the most activity in the Killeen real estate market.
Secondly, Killeen is still an affordable place to live compared to other cities in Texas. The average price per square foot is still below $100, which is unheard of in many parts of the state. This makes Killeen an excellent option for families looking for a place to call home that is affordable and has all the amenities of a larger city.
Finally, as the nation has endured firsthand, the housing market has been booming lately. Killeen is no exception, as we have seen prices steadily increase over the past few years. This trend is expected to continue as more and more people are moving to Texas for its strong economy and outstanding quality of life.
Forecast for the local area housing market.
I believe as we close out the summer months, we will continue to see a solid real estate market in Killeen, but the market may slow just a bit. This will be due to the Soldiers finishing up their PCS cycles and settling into their new homes.
Additionally, another major factor will be the mortgage rates. They have been creeping up over the past few months and are now at their highest point. This may cause some buyers to put their home search on hold as they wait for rates to come back down. When the demand starts to slow down, prices will level off, and we will begin to see a more stable real estate market.
Want to stay up to date on this market and trends?
Every month I publish a local real estate market update on my newsletter and social media channels. If you want to stay up to date with the latest market trends, be sure to subscribe to my newsletter or follow me on social media.
If you want a more personalized approach and want to know what your home is worth in today’s market, I would be happy to provide you with a complimentary home valuation. I work for Coldwell Banker Realty, a top real estate brokerage in the area. That means I have the resources to identify prospective properties consumers have purchased and can give you a reasonable CMA on local home values.
Simply contact me, and I’ll get you an estimate of your home’s value and a detailed report of recent sales in your neighborhood. I’m continuously working with non-commercial buyers and sellers to ensure they have the information they need to make decisions.
When you love real estate as much as I do, you’ll understand why I go out of my way to help people with their home buying or selling journey.
Other nearby market reports.
This analysis is for informational purposes only and does not constitute legal or investment advice. The data relating to the real estate market in Killeen, TX is derived from public records such as listing and property data and MLS listings.