76633
Waco, Texas

The 76633 ZIP code in Waco reports a median sale price of $455,000 as of February 2026, representing a striking 37.7% year-over-year increase. However, this aggressive price appreciation contrasts sharply with extended market absorption, as homes require an average of 127 days to sell—nearly double the typical 60-75 day benchmark for balanced markets. Notably, zero percent of homes are selling above asking price, indicating that despite steep annual gains, buyer enthusiasm has cooled considerably in recent months.

This environment favors patient buyers with negotiating leverage, as the 127-day average DOM and complete absence of over-ask sales provide substantial room for price discovery. Sellers who purchased before the 37.7% run-up can still extract significant equity, but must price realistically given current buyer resistance. Investors should approach cautiously, as the extended selling timeline increases carrying costs and the disconnect between annual appreciation and current transaction dynamics suggests limited near-term momentum.

The PropIQ score of 51 signals caution, reflecting the tension between backward-looking price gains and forward-looking demand weakness. The combination of prolonged DOM and zero competitive offers suggests the rapid appreciation phase has exhausted local buyer capacity at current price levels. Monitor absorption rates and any acceleration in price reductions over the next 90 days, as sustained inventory accumulation at these prices would likely force valuation corrections to restore market clearing conditions.