76701
Waco, Texas

ZIP code 76701 in Waco presents a sharply appreciating market with a median sale price of $520,000, up 34.7% year-over-year as of January 2026. Properties are moving at a moderate pace, averaging 37.5 days on market, though notably zero homes are selling above list price. This disconnect between aggressive annual gains and weakening bidding pressure suggests the rapid price escalation may be losing momentum as buyer resistance builds at the half-million-dollar threshold.

This environment favors sellers who listed in the past 30 days and can close quickly, capturing elevated prices before market sentiment shifts further. Buyers gain negotiating leverage absent in typical appreciation cycles, with no competing offers pushing prices beyond ask. Investors should exercise caution, as the 34.7% gain appears unsustainable given the absence of bidding wars and the PropIQ score of 61, which signals elevated risk rather than stable growth fundamentals.

The 61 PropIQ rating indicates meaningful downside vulnerability despite recent price strength. Monitor absorption rates closely—if days on market extend beyond 45 while maintaining 0% above-ask sales, expect sellers to begin price reductions within 60-90 days. The divergence between trailing appreciation and current transaction dynamics suggests 76701 is transitioning from momentum-driven growth to a negotiation-balanced market where price discovery will increasingly favor conservative valuations.