The Killeen and Temple metropolitan area experienced notable growth in its housing market in October 2024. According to Texas A&M University’s Texas Real Estate Research Center, 502 single-family homes were sold, reflecting a 3.73% increase from October 2023. This month also saw a significant rise from September’s 458 sales, highlighting a steady upward trend.

Both median and average home prices rose year-over-year in October. The median price increased by 3.84%, climbing from $264,500 in 2023 to $274,648. Meanwhile, the average price saw an even larger jump of 7.65%, going from $288,543 to $310,605.

Inventory levels also grew, with months inventory increasing from 3.6 months in October 2023 to 5.3 months this year. Although this indicates a shift toward a more balanced market, it is still below the seven-month mark, which is generally considered a buyer’s market. Days on market for homes also rose, from 87 days in 2023 to 100 days in October 2024, further signaling changes in market activity.

Among cities in the area, Killeen led the way with 181 homes sold in October, a 7.1% increase from the 169 sold in October 2023. The median sale price in Killeen was $243,610, lower than the metropolitan area’s median, and homes spent an average of 49 days on the market.

Temple followed with 108 sales and the highest median sale price in the region at $292,000. Homes in Temple spent 87 days on the market. Copperas Cove saw 61 homes sold, with a median price of $254,990 and 50 days on market. Harker Heights recorded 25 sales, with a median price of $280,000 and 54 days on market.

The Killeen and Temple housing market remains active, showing year-over-year growth in sales and home prices. While rising inventory levels and longer time on market suggest a slowdown from the peak spring and summer months, the market continues to offer opportunities for both buyers and sellers. Local trends highlight Killeen’s strong activity and Temple’s higher price points, providing diverse options for homebuyers in the area.