76301
Wichita Falls, Texas

The 76301 ZIP code in Wichita Falls is experiencing significant downward pressure, with the median sale price at $82,950 representing a sharp 26.3% year-over-year decline. Properties are averaging 84 days on market, indicating sluggish buyer demand in this price segment. The complete absence of homes selling above list price—0%—confirms a market where sellers hold no negotiating leverage and pricing discipline remains critical for any transaction velocity.

This environment heavily favors cash buyers and value-focused investors who can absorb the 84-day holding cost during acquisition. The $82,950 median price point offers low barriers to entry for first-time buyers willing to wait out the extended marketing period. Sellers face the worst possible conditions: properties require precise pricing at or below market to avoid extending beyond the current 84-day average, and any premium expectations will result in stalled listings.

The PropIQ score of 41 signals persistent caution, suggesting the 26.3% price decline has not yet stabilized this market. With zero competitive bidding activity, further downward price discovery remains likely unless days-on-market compress or above-list sales emerge in coming months. Buyers should monitor whether DOM trends below 75 days or any properties begin closing above ask—either would indicate the decline is bottoming and represent the first signals of market equilibrium returning to 76301.