Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you!

Hey there, Killeen- Temple area neighbors! Ashley Billins here, your trusted REALTOR®. Let’s dive into the latest market trends for September 2023.

Did you know that there’s currently a 3.5 Months Supply of Inventory? That means we are still in a seller’s market, but finally approaching more balance between supply and demand in our area. And guess what? Over the last 12 months, Months Supply of Inventory has increased by a whopping +43.3% YoY(YoY% indicates the percentage change from the same time period the previous year)! This means we have more houses on the market than we did before.

When it comes to selling your home, you’ll be pleased to hear that the List to Sold Price percentage still stands at an impressive 95.9% throughout the metropolitan area (again each city stats will be different, so please reach out if you need more specifics for your zip code). That means sellers are still getting close to their asking price, which is great news for anyone considering putting their home on the market. It also indicates that buyers may have some negotiating power as well.

If you’re wondering how long it takes to sell a home in the area, the average days on market is currently 54 with only 32 days from contract to sale. In other words, it takes an average of 54 days to go under contract, but once under contract it takes only 32 days to close the deal! That’s a pretty reasonable timeframe, and it’s important to keep in mind when planning your real estate journey.

And now, the moment you’ve been waiting for: the Median Sold Price sits at $265,000. This gives you an idea of the average price range in our area so you can make informed decisions whether you’re buying or selling, and where you may want to consider looking on your home search.

Keep these market trends in mind as you navigate the exciting world of real estate here in Central Texas. If you have any questions or need assistance, I’m just a phone call or message away. Let’s work together to achieve your real estate goals!

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