76691
Waco, Texas
Waco 76691 needs watching.
The 76691 ZIP code in Waco, Texas has a median sale price of $215K, down -17.4% year-over-year. Homes spend an average of 88 days on market, with 7% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76691.
The Waco 76691 market is experiencing significant price compression, with the median sale price settling at $214,500 following a sharp 17.4% year-over-year decline. Homes are averaging 88 days on market, indicating slower absorption than peak periods. Only 7% of properties are selling above list price, confirming weak buyer urgency and a clear shift toward buyer leverage in negotiations. This pricing reset reflects broader adjustment patterns across secondary Texas markets.
Buyers with flexible timelines benefit most from current conditions, as the 88-day average DOM provides extended negotiation windows and the ability to conduct thorough due diligence. The 93% of homes selling at or below list price creates favorable entry points for first-time buyers and value-oriented investors. Sellers face challenging conditions and should prioritize competitive pricing strategies, as the 17.4% decline indicates limited tolerance for overpricing in current demand conditions.
The PropIQ score of 51 signals a neutral-to-cautious market requiring close monitoring of inventory levels and absorption rates through Q2 2026. Price stabilization depends on whether days-on-market contracts or extends beyond the current 88-day average. Buyers should track new listing volumes for signs of additional supply pressure, while the low above-list percentage suggests further negotiating power remains available before any potential market tightening occurs.
What is the median home price in 76691 Waco?
The median sale price in 76691 is $215K, down -17.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Waco 76691?
Homes in 76691 Waco spend an average of 88 days on market before going under contract.
Is Waco 76691 a good place to invest in real estate?
Folio's PropIQ™ score for 76691 is 51/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 76691?
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 51 = Caution in 76691 Waco, Texas.