76685
Waco, Texas
Waco 76685 needs watching.
The 76685 ZIP code in Waco, Texas has a median sale price of $375K, down N/A year-over-year. Homes spend an average of 42 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76685.
The Waco ZIP code 76685 market shows stagnation at a $375,000 median sale price with flat year-over-year growth, signaling a departure from the region's broader appreciation trends. Properties are moving at a moderate pace of 42 days on market, yet zero homes are selling above asking price—a clear indicator of weakened buyer urgency. This pricing environment reflects a market where sellers have lost leverage and must price accurately from listing day one to avoid extended market time.
This environment favors patient buyers with financing in place who can negotiate from a position of strength. With no bidding wars and flat pricing, purchasers can conduct thorough inspections and request concessions without competition pressure. Sellers face challenges unless priced below recent comparables, while investors seeking appreciation should look elsewhere—this market suits only those targeting rental yield rather than equity growth in the near term.
The PropIQ score of 37 signals caution and suggests downward price pressure may emerge if inventory accumulates. Buyers should monitor months of supply and new listing volume, as increasing inventory combined with flat pricing typically precedes price corrections. Sellers considering a transaction should act before seasonal inventory increases in spring, when additional competition could force more aggressive pricing strategies to attract the limited pool of active buyers.
What is the median home price in 76685 Waco?
The median sale price in 76685 is $375K, down N/A year-over-year as of 2022-01-31.
How long do homes stay on the market in Waco 76685?
Homes in 76685 Waco spend an average of 42 days on market before going under contract.
Is Waco 76685 a good place to invest in real estate?
Folio's PropIQ™ score for 76685 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 76685?
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 37 = Caution in 76685 Waco, Texas.