Is Elm Mott, TX 76640 a buyer’s or seller’s market?

The Elm Mott housing market right now

In the three months ending August 31, 2026, 25% of homes in Elm Mott, TX 76640 sold above their list price, the typical home went under contract in 45 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (10 days then) and the median sale price fell 41% to $187,419. Overall, Elm Mott is more competitive than a year ago, so tougher for buyers.

Within McLennan County, homes here sell faster than in 59% of the county’s ZIP codes, and sell more often over asking than in 94%.

Nearby, buyers who want less competition could look at Waco 76711 (0% sold over asking) or Waco 76701 (0% sold over asking), while Axtell 76624 (50% sold over asking) is even more competitive.