Is Lorena, TX 76655 a buyer’s or seller’s market?

The Lorena housing market right now

In the three months ending August 31, 2026, 12% of homes in Lorena, TX 76655 sold above their list price, the typical home went under contract in 47 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 76 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (73 days then) and the median sale price fell 4% to $304,868. Overall, Lorena is more competitive than a year ago, so tougher for buyers.

Within McLennan County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell more often over asking than in 53%. On our competition score, Lorena ranks #216 of 868 TX ZIP codes with enough sales (score 35 out of 100).

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) and Elm Mott 76640 (25% sold over asking) are even more competitive.