Is Waco, TX 76704 a buyer’s or seller’s market?

The Waco housing market right now

In the three months ending August 31, 2026, 19% of homes in Waco, TX 76704 sold above their list price, the typical home went under contract in 51 days and there were 8.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold faster (65 days then) and the median sale price fell 9% to $143,688. Overall, Waco is more competitive than a year ago, so tougher for buyers.

Within McLennan County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Waco ranks #356 of 868 TX ZIP codes with enough sales (score 27 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.