Prices Continue To Stay High As Homes Fly Off The Market in Killeen

The median price for a home in Killeen has gone up significantly in the last year, and homes are scarcely available and staying on the market less than a month on average.

The median price for a home in Killeen is currently $182,274, a 22.6% 1-year change.

Those houses that are on the market are staying on the market for around 29 days on average, according to the report, which is 22 days less than March 2020.

Earlier this year, Rodney Shine, the team manager at Shine Team Realtors in Harker Heights, spoke on how the market has gotten to this point.

“Houses are selling at unprecedented levels,” Shine said. “Some houses are selling in hours and days. Now if a house hasn’t sold in the first week, we wonder what has gone wrong.”

Shine added that supply and demand has been the catalyst for the changing housing market.

“The key is supply versus demand. There is a short supply and a very strong demand,” Shine said.

Other cities

In Copperas Cove, the median price for a house last month was $$155,259, a 15.9% 1-year change.

In Harker Heights, the median home price was $266,810, a 21.5% 1-year change.

Counties

In Bell County, the median price of a home is currently $211,036 in September with 40% of those homes costing between $100,000 and $199,000 and 33.9% of listings costing between $200,000 and $299,000.

In Coryell County, the median home price is $160,466. Of the listings, 50.7% of them are between $100,000 and $199,000.

By comparison, in September 2020, the median price of homes that were sold in Killeen was around $150,000, according to Zillow.

In Harker Heights in September 2020, the median home price was around $221,000 and in Copperas Cove, the median price was around $134,000.