76624
Waco, Texas
Waco 76624 needs watching.
The 76624 ZIP code in Waco, Texas has a median sale price of $354K, down -81.1% year-over-year. Homes spend an average of 103 days on market, with 25% of homes selling above list price.
Folio's PropIQ™ score of 52 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76624.
ZIP code 76624 shows a median sale price of $354,000 with an extraordinary year-over-year decline of 81.1%, indicating either a significant market correction or a shift in the composition of sales toward lower-priced inventory. Homes are averaging 102.5 days on market, well above the typical 30-45 day benchmark for balanced conditions. Only 25% of properties are selling above asking price, signaling weak bidding activity and limited buyer urgency in this Waco submarket.
This environment favors cash-positioned buyers with negotiating leverage, as extended days on market and downward price pressure create room for below-ask offers. The 75% of homes selling at or below list price suggests sellers must price aggressively to achieve transactions. This is not a flip market—investors should focus on long-term rental yield plays where the 102.5-day absorption period allows thorough due diligence. Sellers face challenging conditions and should expect longer marketing periods unless priced below recent comparables.
The PropIQ score of 52 signals caution, reflecting unstable pricing dynamics and uncertain value trajectory in this ZIP code. The 81.1% price decline requires monitoring of subsequent months to determine if this represents a data anomaly or genuine distress. Buyers should verify that recent sales reflect actual market clearing prices rather than distressed or non-arm's-length transactions before committing capital to this submarket.
What is the median home price in 76624 Waco?
The median sale price in 76624 is $354K, down -81.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Waco 76624?
Homes in 76624 Waco spend an average of 103 days on market before going under contract.
Is Waco 76624 a good place to invest in real estate?
Folio's PropIQ™ score for 76624 is 52/100 — a Caution signal. 25% of homes sold above asking.
What does a PropIQ™ score of 52 mean for 76624?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 52 = Caution in 76624 Waco, Texas.