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The housing market in Waco is currently less competitive. Last month, the median sale price for homes in Waco stood at $290K, experiencing a slight increase of 9.4% compared to the previous year. Conversely, the median sale price per square foot has seen an increase of 10.8% from last year, now at $190.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In August 2024, Waco homes for sale saw a notable increase in value, with home prices rising by 9.4% compared to the same time last year. The median price for homes in Waco reached $290K, reflecting the continued growth in the local market. On average, homes for sale in Waco remained on the market for 28 days, slightly longer than the 27-day average from August 2023. Despite fewer homes being sold this year—115 compared to 148 last year—the demand for Waco real estate remains strong. Additionally, the median sale price per square foot increased by 10.8%, reaching $190, highlighting the increasing value of properties in the area.
Waco's real estate market is somewhat competitive. On average, Waco homes for sale spend around 61 days on the market before going pending, with many selling for approximately 5% below the listing price. However, some homes receive multiple offers, especially in high-demand areas. These "hot homes" tend to sell closer to the list price and often go pending in just 24 days, showcasing the varying levels of competition in different parts of the city. If you're looking to buy or sell homes in Waco, timing and strategy can make a big difference in this dynamic market.
For detailed, up-to-date information on buying a house in Waco, including legal considerations and market trends, you can talk to us.
Looking for your dream home in Waco, TX? Or have any questions about the property market here? Don't navigate this journey alone! The Truss Team is here to guide you every step of the way. With our deep knowledge of the Waco real estate market and our commitment to personalized service, we're dedicated to helping you find the perfect property that meets all your needs.
Welcome to your gateway to Waco, TX – a city of hidden gems and vibrant communities waiting to be explored. We encourage you to explore our Waco neighborhood guide, your essential companion for discovering everything this wonderful city has to offer. From the historic landmarks to the cozy coffee shops, from bustling markets to serene parks, our guide covers it all!
Cate is a dynamic, performance-driven, goal-oriented professional with 10+ years of experience in the areas of leadership, sales, marketing and real estate. Allison, being raised in the Real Estate business is what gives her the passion behind what she does.