As of December 2023, the Waco housing market has experienced a significant increase in home prices, with a 12.1% rise compared to the previous year, bringing the median sale price to $279,000. Homes in Waco are now taking longer to sell, averaging 45 days on the market, an increase from 25 days last year. Additionally, the number of homes sold in December has decreased, with 64 homes sold this year compared to 114 in the same period last year.

The Waco housing market is moderately competitive. On average, homes are selling in about 33.5 days. It's common for some properties to receive multiple offers. Typically, homes are selling for approximately 4% below the listed price, with a tendency to go pending in around 34 days. Properties considered to be highly desirable, or "hot homes," may sell for close to the list price and often go pending in as few as 16 days.

As of late 2023, the average price of a house in Waco, Texas, was approximately $278,742. This figure represents a notable growth of 12.1% year-over-year. However, it's important to note that housing prices can vary widely depending on specific locations and home types within Waco