76657
Waco, Texas
Waco 76657 needs watching.
The 76657 ZIP code in Waco, Texas has a median sale price of $379K, down -8.8% year-over-year. Homes spend an average of 66 days on market, with 12% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76657.
The 76657 market has shifted decidedly in favor of buyers, with the median sale price settling at $378,500 after an 8.8% year-over-year decline. Homes are averaging 66 days on market, suggesting adequate time for negotiation and due diligence. Only 12% of properties are commanding above-list prices, indicating sellers have lost the pricing power they held in previous cycles. This pullback marks a correction from the elevated valuations that characterized the post-pandemic surge in secondary Texas markets.
Price-sensitive first-time buyers and investors seeking cash flow over appreciation will find the most favorable conditions here. The 66-day market absorption period allows for thorough inspection and financing arrangements without bidding war pressure. Sellers with equity cushions from pre-2023 purchases can still exit profitably, but recent buyers may face break-even scenarios. Those requiring quick liquidity should adjust expectations, as the 12% above-list figure confirms that premium pricing requires exceptional property condition or location.
The PropIQ score of 55 signals continued caution through the next two quarters, suggesting prices may drift sideways or decline modestly before stabilizing. Buyers should monitor inventory levels and days-on-market trends for signs of further softening that could enhance negotiating position. The current correction appears structural rather than temporary, driven by affordability constraints and normalizing demand. Any price recovery will likely require material changes in employment growth or mortgage rate compression to restore the sub-60-day market velocity typical of appreciating conditions.
What is the median home price in 76657 Waco?
The median sale price in 76657 is $379K, down -8.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Waco 76657?
Homes in 76657 Waco spend an average of 66 days on market before going under contract.
Is Waco 76657 a good place to invest in real estate?
Folio's PropIQ™ score for 76657 is 55/100 — a Caution signal. 12% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 76657?
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 55 = Caution in 76657 Waco, Texas.