Killeen Home Values
Home values in Killeen have a 16.2 percent year-over-year increase compared to August 2019 according to the Texas A&M Real Estate Center. The average home price in the Killeen area is $168,500, which is up from $145,000 the year before. There were 249 homes sold in the Killeen area in August 2020. That was up from a peak of 230 homes sold in August 2019. The average home spent 37 days on the market. In August 2020, Months of Inventory is 0.7 which is lower compared to 1.8 from last year’s stats.
Growth in the Area
The City of Killeen has seen steady growth over the past several years. Killeen’s growth is combined with the military presence on Fort Hood. In addition to the military presence, Fort Hood also hired civilians and contractors that contribute to the growth of the area. People have also migrated from other cities or states, which also contributed to Killeen’s growth. According to the Killeen Daily Herald, Killeen is expected to have 150,000 residents this year. To accommodate the growth, there is plenty of new construction in the Killeen area which generates an ample supply of inventory to keep up with the housing demand. If you are looking to sell your home in today’s market, we have resources that can help you!
Bottom Line
The Killeen market is steadily on the rise! If you are looking at putting your home on the market, strike while the iron is hot! If you are looking to buy a home get in touch with us as well and we will be more than happy to help you! We are a group of agents that are willing to go above and beyond to help you with your real estate goals. It’s ALL ABOUT YOU!
CLICK HERE TO BUY OR SELL A HOMECourtesy of Texas A&M Center and Monique Brand and Thaddeus Imerman of Killeen Daily Herald
