76707
Waco, Texas

The 76707 ZIP code recorded a median sale price of $219,000 as of February 2026, reflecting a substantial year-over-year increase of 21.7%. However, market velocity has slowed considerably, with homes averaging 72 days on market. Only 13% of properties are selling above list price, suggesting the aggressive bidding environment has cooled from prior periods. This divergence between strong annual appreciation and softening transaction dynamics indicates a market in transition from seller dominance.

This environment favors patient buyers with financing secured who can negotiate without time pressure, as the 72-day average marketing period provides leverage absent in faster markets. The $219,000 price point remains accessible for first-time buyers and local workforce demographics, while the 21.7% trailing appreciation attracts fix-and-flip investors seeking value-add opportunities. Sellers who priced at 2024-2025 peaks may face extended holding periods given that only one in eight buyers are willing to exceed asking prices.

The PropIQ score of 65 signals caution, suggesting current appreciation rates are unsustainable at this velocity. With absorption slowing to 72 days while prices remain elevated from the previous year's surge, inventory accumulation becomes the critical variable to monitor. If days-on-market extends beyond 80-90 days in coming months, downward price pressure will likely materialize as sellers adjust expectations to match the market's demonstrated buyer hesitancy.