76630
Waco, Texas

The 76630 ZIP code shows contractionary momentum with a median sale price of $290,000, down 21.5% year-over-year as of February 2026. Homes are absorbing slowly at 124.5 days on market, significantly above the typical 30-60 day range for balanced conditions. Despite the price decline, 50% of transactions still close above list price, indicating persistent competition for correctly-priced inventory even as the broader market cools.

This environment favors cash buyers and patient purchasers who can wait through the 124-5 day absorption cycle to negotiate. The 21.5% annual decline creates entry points for investors targeting rental yield over appreciation, particularly those modeling lower acquisition costs against Waco's employment base. Sellers face extended marketing periods and should avoid this window unless pricing 10-15% below comparable sales from six months ago to capture the half of buyers willing to exceed list.

The PropIQ score of 70 signals neutral conditions with downside risk, suggesting stabilization has not yet occurred following the 21.5% correction. Buyers should monitor whether days-on-market begins contracting below 100 days, which would indicate demand recovery. The 50% above-list statistic warrants tracking monthly—if this drops below 30%, it confirms a definitive shift to buyer leverage and potentially further price compression through mid-2026.