76705
Waco, Texas
Waco 76705 is stable.
The 76705 ZIP code in Waco, Texas has a median sale price of $196K, down -14.7% year-over-year. Homes spend an average of 76 days on market, with 27% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The 76705 ZIP code median sale price sits at $195,750, down 14.7% year-over-year, marking a significant price correction in this Waco submarket. Homes are averaging 75.5 days on market, indicating slower turnover than typical balanced conditions. Only 27% of properties are commanding above-list offers, confirming buyer leverage has returned after previous appreciation cycles. This price decline represents one of the steeper corrections in the Waco metro area.
Buyers with capital reserves gain maximum advantage in this environment, particularly investors targeting cash-flowing rentals at the sub-$200K price point. The 14.7% price reduction creates immediate equity opportunities for purchasers who avoided peak pricing. Sellers face headwinds unless pricing 5-8% below comparative sales to offset the 75.5-day absorption rate. First-time buyers previously priced out now access entry-level inventory with negotiating power absent since 2020.
The PropIQ score of 65 signals caution rather than crisis, suggesting stabilization potential if days-on-market metrics don't extend past 90 days. Further price deterioration becomes probable if the 27% above-list percentage drops below 20% in coming months. Inventory levels and mortgage rate movements will determine whether this correction represents temporary normalization or sustained downward pressure through 2026. The next 60 days of transaction data will clarify trajectory.
What is the median home price in 76705 Waco?
The median sale price in 76705 is $196K, down -14.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Waco 76705?
Homes in 76705 Waco spend an average of 76 days on market before going under contract.
Is Waco 76705 a good place to invest in real estate?
Folio's PropIQ™ score for 76705 is 65/100 — a Caution signal. 27% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 76705?
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 65 = Caution in 76705 Waco, Texas.