76524
Waco, Texas

The 76524 ZIP code reports a median sale price of $250,000 as of February 2026, representing a sharp 23.2% year-over-year increase. However, zero homes are selling above list price, indicating weakening buyer urgency despite the strong annual appreciation. Properties are averaging 72 days on market, a timeline that suggests moderate absorption rather than competitive conditions. The disconnect between strong price growth and absence of over-ask sales signals a market transitioning from its previous momentum.

This environment favors patient buyers willing to negotiate and sellers who accumulated substantial equity during the recent appreciation cycle. The 72-day marketing period provides buyers leverage to conduct thorough due diligence without bidding pressure, while the 23.2% annual gain allows sellers to exit with meaningful returns even if accepting list price or below. Investors seeking value-add opportunities may find receptive sellers as days-on-market accumulate, though the PropIQ score of 51 suggests caution regarding near-term appreciation potential.

The 51/100 PropIQ intelligence score—squarely in cautionary territory—indicates mounting headwinds that could pressure the 23.2% growth rate downward in coming quarters. Monitoring absorption rates and any increase in price reductions will be critical, as the current 72-day DOM could extend if inventory builds. The absence of above-list sales suggests the market has already begun normalizing from seller-favorable conditions toward equilibrium or potential buyer advantage.