76711
Waco, Texas

The 76711 ZIP code in Waco reports a median sale price of $192,250 as of February 2026, reflecting a moderate year-over-year increase of 4.8%. Homes are moving at a measured pace with an average 46 days on market, while 17% of properties sold above their listing price. This combination of single-digit appreciation and sub-50-day marketing periods indicates a market that has stabilized after previous volatility, with neither aggressive buyer competition nor significant inventory pressure defining current conditions.

These metrics favor price-sensitive first-time buyers who can benefit from the $192,250 entry point while avoiding the bidding wars that characterize hotter markets where 30% or more sell above list. The 46-day DOM provides negotiation windows absent in faster-moving submarkets. Sellers with properly priced homes can still expect reasonable liquidity, though the 83% selling at or below list price signals that overpricing carries clear penalties. Buy-and-hold investors face measured appreciation prospects rather than rapid equity accumulation scenarios.

The PropIQ score of 70 places this ZIP in neutral territory, suggesting neither imminent acceleration nor decline through mid-2026. The 4.8% appreciation rate tracking slightly above inflation indicates price stability rather than speculative momentum. Key monitoring variables include whether the 17% above-list percentage contracts further, which would confirm softening demand, and whether days on market extends beyond 60, a threshold historically associated with buyer-favorable negotiating conditions in secondary Texas markets.