76308
Wichita Falls, Texas
Wichita Falls 76308 needs watching.
The 76308 ZIP code in Wichita Falls, Texas has a median sale price of $245K, up +11.9% year-over-year. Homes spend an average of 80 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76308.
The 76308 ZIP code shows a median sale price of $245,000 with an 11.9% year-over-year increase, indicating continued appreciation despite broader market headwinds. Properties are averaging 80 days on market, substantially longer than the sub-60-day pace typical of competitive markets. Zero homes sold above list price in the current period, signaling that buyer urgency has evaporated and sellers are no longer commanding premiums over asking prices.
This environment favors patient buyers with financing contingencies who can leverage the 80-day market time to conduct thorough due diligence and negotiate concessions. The absence of above-list sales means bid wars are nonexistent, giving buyers room to offer at or below asking without fear of competing offers. Sellers who purchased before March 2025 retain double-digit equity gains and should find exit opportunities, though those expecting 2021-style price competition will need recalibrated expectations.
The PropIQ score of 55 reflects caution rather than crisis, suggesting price growth will decelerate rather than reverse in coming months. The combination of extended days-on-market and zero premium sales indicates inventory absorption is slowing, which historically precedes single-digit or flat appreciation. Monitoring monthly sales velocity and any movement in the percentage of homes requiring price reductions will signal whether 76308 stabilizes at current levels or enters a genuine correction phase.
What is the median home price in 76308 Wichita Falls?
The median sale price in 76308 is $245K, up +11.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Wichita Falls 76308?
Homes in 76308 Wichita Falls spend an average of 80 days on market before going under contract.
Is Wichita Falls 76308 a good place to invest in real estate?
Folio's PropIQ™ score for 76308 is 55/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 76308?
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 55 = Caution in 76308 Wichita Falls, Texas.