Market Intelligence Report — TX-380

Waco, TX

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TX-09
As of the latest 2026 data
Very Weak

Median Listing

$309K
-2.8% YoY

Pending Ratio

0.24
-5.5% YoY

Active Inventory

1,642
+4.8% YoY

Median DOM

78 Days
-18.0% YoY

Primary Intelligence Tool — Sold Score™

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The Waco residential market is characterized as Very Weak, primarily due to a pending ratio of 0.24, indicating significantly low demand absorption relative to available inventory. Active listings have expanded by 4.8% year-over-year, alongside a 2.8% year-over-year decline in the median listing price, reflecting a market under pressure.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.0%-0.2 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

308,807+0.6% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Waco market right now.

Inventory continues to expand, with active listings increasing by 4.8% year-over-year and new listings up 5.3% over the past year. Concurrently, the median listing price has experienced a 2.8% year-over-year contraction, while the median price per square foot also saw a modest 0.9% decrease. Demand, as measured by pending listings, remains suppressed, evidenced by the 0.24 pending ratio and a 5.5% year-over-year decline in this metric, indicating sustained softness in market activity.

Historical Analysis

Market Trends

Median Price

$309K+1.1% MoM

Active Inventory

1,642+4.8% YoY

Days on Market

78-18.0% YoY

Sold Score™

35-5.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

35
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage favors buyers due to the elevated inventory levels and slow pace of absorption. The substantial volume of active listings combined with a low pending ratio suggests that properties are taking longer to move, increasing pressure for price adjustments. This environment necessitates price discipline from sellers to attract offers, as buyers face reduced urgency and a wider selection.

Luxury Segment

The average listing price of $400,875 significantly exceeds the median listing price of $309,225, pointing to a wider spread between average and median values. This, alongside a modest 0.9% year-over-year decline in median $/sqft, suggests some softening in higher-price-tier dynamics, potentially reflecting reduced activity or price corrections in the luxury segment.

Supply Dynamics

1,642 active listings represent the current floor, with new supply arriving at roughly 320 per month.

Pricing Pressure
19.2%

of active listings carry a price reduction, -2.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.9% year-over-year.

Absorption
0.24

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Waco, TX? Homes here are taking 17 days less to sell than last year.

Buyers have leverage in Waco, TX. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
24%
Median Days on Market
78 days
Inventory YoY
+5%

In a buyer's market, strategy beats timing. See how your home scores in Waco, TX and what moves the number.

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Metro Demographics

Metro Area
Waco, TX
CBSA Code
47380
State
TX

ZIPs in Waco, TX

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Waco?+

    As of the latest 2026 data, the Waco metro is classified as Very Weak. Pending ratio is 0.24 with median days on market at 78.

  • Are home prices dropping in Waco?+

    Median listing price is $309K, -2.8% year over year. 19.2% of active listings carry a price reduction.

  • How fast are homes selling in Waco?+

    The typical listing sits 78 days on market, a -18.0% change YoY. New listings are arriving at 320 per month.

  • What's happening in the Waco luxury market?+

    The average listing price of $400,875 significantly exceeds the median listing price of $309,225, pointing to a wider spread between average and median values. This, alongside a modest 0.9% year-over-year decline in median $/sqft, suggests some softening in higher-price-tier dynamics, potentially reflecting reduced activity or price corrections in the luxury segment.

  • Where can I find a trusted Waco real estate expert?+

    Primpted maintains a vetted registry of Waco agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 47380 · 36mo history