Is Waco, TX 76705 a buyer’s or seller’s market?

The Waco housing market right now

In the three months ending August 31, 2026, 20% of homes in Waco, TX 76705 sold above their list price, the typical home went under contract in 38 days and there were 4.4 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. That’s based on 73 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (55 days then) and the median sale price rose 7% to $250,891. Overall, Waco is more competitive than a year ago, so tougher for buyers.

Within McLennan County, homes here sell faster than in 76% of the county’s ZIP codes, and sell more often over asking than in 82%. On our competition score, Waco ranks #85 of 868 TX ZIP codes with enough sales (score 45 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.