Central Texas Real Estate Market Blog – May 20, 2025
Central Texas Real Estate Market Blog – May 20, 2025
Covering Killeen, Copperas Cove, Harker Heights, and the Broader CTX Region
Market Overview: Inventory Rises, Prices Mixed, Buyers Gain Leverage
The Central Texas (CTX) real estate market in May 2025 is characterized by rising inventory, mixed price trends, and a shift toward a more balanced environment. Buyers in Killeen, Copperas Cove, and Harker Heights are seeing more options and greater negotiating power, while sellers are adjusting to longer days on market and subtle pricing changes.
Killeen
Market Status: Neutral—no clear advantage for buyers or sellers.
Median Sold Price: $239,491 (down 0.2% year-over-year).
Inventory: 1,036 homes for sale in April 2025, a 3.3% increase from March.
Sales Pace: 155 homes sold or pending in April, down 10.4% month-over-month.
Days on Market: Average of 74 days, up 4% from last year. About one-third of homes sell within 30 days, one-third in 30–90 days, and one-third over 90 days.
Pricing Trends: 43% of homes sold at asking, 37% under asking, and 19% over asking.
Bedroom Breakdown: 4-bedroom (+4.5%) and 5-bedroom (+7.5%) homes saw price increases; 1, 2-, and 3-bedroom homes declined in price.
Copperas Cove
Market Status: Somewhat competitive, but cooling.
Median Sale Price: $258,000 (up 2.1% year-over-year as of February 2025).
Price per Sq. Ft.: $136, down 0.73% year-over-year.
Days on Market: The average is 88 days, up from 52 days last year; hot homes can go pending in about 34 days.
Sales Volume: 44 homes sold in February 2025, down from 57 the previous year.
Negotiation: Most homes sell about 2% below list price, but hot properties can fetch list price.
Harker Heights
Market Status: Somewhat competitive, with strong year-over-year growth.
Median Sale Price: $339,000 (up 11.1% year-over-year as of February 2025).
Price per Sq. Ft.: $148, flat year-over-year.
Days on Market: Average 89 days, up from 77 last year; hot homes go pending in about 39 days.
Sales Volume: 24 homes sold in February 2025, down from 35 the previous year.
Negotiation: Homes typically sell about 2% below list, but hot homes can sell at list price.
Central Texas (CTX) Regional Trends
Inventory: Active listings up 20.6% year-over-year, giving buyers more choice and leverage.
Median Sales Price (Austin-Round Rock-San Marcos MSA): $409,765, up 4.7% year-over-year.
Pending Sales: Up 16.5%, indicating continued buyer interest despite higher inventory.
Days on Market: Increasing, allowing buyers more time for decisions.
Summary Table
Takeaways for May 2025
Buyers: Enjoy more inventory, more negotiating power, and less pressure to make snap decisions. Hot homes still move quickly, so be prepared for competition on the best listings.
Sellers: Price competitively and expect longer time on market, especially for smaller homes or those needing updates. Well-presented, larger homes are still seeing price gains in some areas.
CTX Outlook: The region is moving toward a healthier, more sustainable market with opportunities for both buyers and sellers as inventory and choices grow.
Bottom Line:
The CTX real estate market in May 2025 is defined by increased inventory, mixed price trends, and a shift toward balance. Whether you’re buying or selling in Killeen, Copperas Cove, Harker Heights, or the broader Central Texas region, understanding these local dynamics will help you make the most of your next move.
Comments
Post a Comment