The median price of homes rose during 2017 in and around Killeen, according to data supplied by the Fort Hood Area Association of Realtors.
In November, the numbers of homes sold in Killeen and Harker Heights were down, but in Copperas Cove they were up, compared to the same period in 2016, that data indicated.
The majority of homes in the region are priced between $100,000 and $200,000.
Only Harker Heights has a considerable number of homes above $200,000.
Housing inventory, which is a statistic indicating the number of months-worth of homes available for sale, is considered stable, said Michael DeHart, association executive with the Fort Hood Area Association of Realtors.
According to data from the Texas Realtor Data Relevance Project, the median price for a home in Killeen rose 2.9 percent to $119,375 in November, compared to November 2016.
All homes in Killeen were priced below $400,000, with 61.5 percent running between $100,000 and $199,999.
About 8.1 percent of homes were priced above $200,000.
The number of active home listings dropped 6.9 percent in November to 598.
Homes were on the market an average of 66 days, with an additional 35 days to close the sale, totaling 101 from the time the “for sale” sign was placed in the yard to when the keys were turned over to the new owner.
That’s a decrease of 15 days from November 2016.
In November, there were 139 closed sales, down 15.8 percent from November 2016.
Killeen has a 3.5-month housing inventory, compared to 3.8 months in November 2016.
With the highest median price for homes in the area, Harker Heights comes in at $220,000 for November, an increase of 3.7 percent over November 2016, the Texas Realtor Data Relevance Project data shows. Homes priced between $200,000 and $299,999 amounted to 48.8 percent of the total, with 36.6 percent priced between $100,000 and $199,999.
Homes in Harker Heights were on the market 107 days, with the process to close taking another 34 days. That total of 141 days is 22 days longer than it took in November 2016.
During November, 42 homes closed in Harker Heights, down 12.5 percent from the same month last year. There was a 3.5-month housing inventory, compared to 4.1 months in November 2016.
Copperas Cove saw a huge jump in the median price of homes, as reported for November.
An 86.2 percent increase over November 2016 puts that price at $148,950, according to Texas Realtor Data Relevance Project data.
No homes are priced above $400,000 in Cove, with 62.2 percent of homes priced between $100,000 and $199,999.
Active home listings numbered 205 in November, an increase of 2 percent over the same period last year.
Homes in Cove were on the market in Cove an average of 80 days, taking 41 days to close. That 121 total is 16 days more than the process took in November 2016. There were 46 closed sales in Cove during November, an increase of 2.2 percent over November 2016.
Cove has a 3.9-month housing inventory. For the same period in 2016, there was a 4.1-month housing inventory.
254-501-7568 | firstname.lastname@example.org