76708
Waco, Texas

The 76708 market shows moderate momentum with a median sale price of $276,750 and modest appreciation of 2.5% year-over-year. Homes are taking 89.5 days to sell, indicating neither urgency nor stagnation in buyer activity. Only 11% of properties close above asking price, suggesting limited bidding competition and room for price negotiation. This velocity reflects a market that has cooled from pandemic-era peaks but maintains steady transaction flow without distress signals.

Buyers gain leverage in this environment, with 89 days suggesting sellers must price accurately to attract offers. The 11% above-ask ratio means purchasers can negotiate terms without competing against multiple offers in most cases. Value-focused investors may find opportunities given the modest 2.5% appreciation hasn't outpaced fundamental valuations. Sellers face longer marketing periods unless priced at or below the $276,750 median, requiring realistic expectations rather than 2021-2022 pricing strategies.

The PropIQ score of 65 signals caution, indicating potential headwinds that could pressure the current 2.5% growth trajectory. Monitor absorption rates and whether the 89.5-day marketing period extends beyond 100 days, which would confirm weakening demand. The modest percentage of above-ask sales suggests price discovery hasn't stabilized, meaning the next quarter's data will reveal whether this market consolidates at current levels or requires downward price adjustment to clear inventory.