Home sales in the Killeen-Temple metropolitan area experienced notable shifts in November 2024, highlighting both growth and challenges in the market. From increased sales to rising inventory levels, the region’s housing dynamics provide insights for buyers and sellers alike. Here’s an overview of the trends shaping the local market.

In November 2024, 487 single-unit residential homes were sold in the Killeen-Temple area—a 24% increase from the 393 homes sold in November 2023. This jump represents 94 more transactions compared to the same time last year.

Despite this recent boost, total sales for the year have slightly declined. By the end of November 2024, 5,596 homes had been sold, marking a 5% decrease compared to the same period in 2023.

Median home prices have also shown growth. November’s median price reached $275,000, up 6% or $15,000 from November 2023.

The market inventory rose significantly, with 5.1 months of inventory reported in November 2024—a 37% increase from the 3.7 months available in November 2023. Homes are also taking longer to sell, with an average of 109 days on the market compared to 89 days the previous year.

Across municipalities, Killeen led in sales with 134 homes sold, a median price of $234,000, and 3.86 months of inventory. Temple followed with 100 homes sold and a higher median price of $269,200, along with 5.71 months of inventory. Copperas Cove saw 38 homes sold, with a median price of $209,900, which is below the regional median. On the other hand, Harker Heights had 28 homes sold, but with a significantly higher median price of $285,000, standing out from the rest of the area.

The Killeen-Temple housing market in November 2024 shows a mix of growth and change. More homes were sold, and prices are rising, which is good for sellers. At the same time, homes are staying on the market longer, and there’s more inventory, giving buyers more options. For buyers, this might mean better chances to find the right home. Sellers may need to price their homes carefully to stand out. Working with a local real estate agent can help both buyers and sellers make the best decisions in this shifting market.