76366
Wichita Falls, Texas

ZIP code 76366 in Wichita Falls has recorded a median sale price of $317,450, representing a substantial 39.8% year-over-year increase as of February 2026. Properties are averaging 78.5 days on market, indicating moderate inventory movement rather than the rapid turnover seen in competitive markets. Notably, zero percent of homes have sold above list price, suggesting buyers maintain negotiating leverage despite the significant annual appreciation. This combination of metrics points to a market experiencing price growth without the bidding war dynamics typical of supply-constrained environments.

The current conditions favor patient buyers willing to negotiate, as the absence of above-list sales creates room for price discovery below asking levels. Sellers who purchased prior to the 39.8% run-up can exit with meaningful equity gains, particularly if they price competitively to avoid extending beyond the 78.5-day average marketing period. Investors seeking cash flow should exercise caution, as the rapid price appreciation may have compressed rental yields, while those banking on continued momentum face execution risk given the market's mixed signals.

The PropIQ intelligence score of 51/100 signals a cautionary outlook, suggesting the 39.8% annual gain may be approaching unsustainable territory relative to local fundamentals. Monitor whether days on market begin extending beyond the current 78.5-day average, which would indicate softening demand at elevated price points. The absence of above-list sales combined with the modest intelligence score suggests mean reversion risk, making price trends over the next 60-90 days critical for determining whether appreciation stabilizes or contracts.