76377
Wichita Falls, Texas
Wichita Falls 76377 needs watching.
The 76377 ZIP code in Wichita Falls, Texas has a median sale price of $97K, down -36.1% year-over-year. Homes spend an average of 70 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76377.
ZIP code 76377 in Wichita Falls presents a severely contracting market with a median sale price of $97,400, down 36.1% year-over-year as of February 2026. Homes are averaging 70 days on market, indicating sluggish buyer activity, while zero properties have closed above list price. This combination of double-digit price decline and extended marketing periods signals fundamental demand weakness rather than seasonal adjustment.
Value-focused investors with cash positions stand to benefit most from current conditions, as the sharp price correction has compressed entry costs while eliminating bidding competition entirely. Sellers face unfavorable terms and should expect extended timelines and potential further concessions. First-time buyers gain negotiating leverage but must weigh affordability against the risk of continued depreciation eating into equity positions during early ownership years.
The PropIQ score of 41 reflects elevated caution, suggesting price stabilization remains several quarters away without evidence of demand recovery. Critical metrics to monitor include any reduction in days-on-market below 60 and the first instances of above-list sales, which would signal sentiment shift. Current data indicates buyers should anticipate continued leverage through mid-2026, while sellers must price aggressively below recent comps to achieve transactions.
What is the median home price in 76377 Wichita Falls?
The median sale price in 76377 is $97K, down -36.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Wichita Falls 76377?
Homes in 76377 Wichita Falls spend an average of 70 days on market before going under contract.
Is Wichita Falls 76377 a good place to invest in real estate?
Folio's PropIQ™ score for 76377 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 76377?
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 41 = Caution in 76377 Wichita Falls, Texas.