76682
Waco, Texas

The 76682 ZIP code currently posts a median sale price of $345,000 with modest year-over-year appreciation of 4.5%, trailing the broader Texas market's momentum. Properties require an extended 105 days to sell, significantly above the state's typical 60-day average. Zero homes are transacting above list price, indicating sellers hold minimal negotiating leverage and buyers face no competitive bidding pressure in this segment of Waco's market.

This environment favors patient buyers with financing contingencies who can capitalize on the 105-day marketing period to conduct thorough due diligence and negotiate price reductions. Investors seeking immediate cash flow will find cooperative sellers, though the 4.5% annual appreciation suggests limited near-term equity gains. Sellers face disadvantages unless pricing aggressively below the $345,000 median, as extended days-on-market typically compress final sale prices by 2-3% in similar Texas metros.

The PropIQ score of 45/100 signals deteriorating fundamentals that warrant caution before capital deployment. This rating typically correlates with inventory accumulation and further days-on-market expansion in subsequent quarters. Buyers should monitor whether the current 105-day average extends beyond 120 days, which would likely trigger accelerated price reductions. The 4.5% appreciation rate appears vulnerable to compression toward flat year-over-year growth if absorption rates continue weakening through Q2 2026.