Search homes for sale in Waco, TX, the birthplace of Dr Pepper, the Texas Ranger Hall of Fame and Museum and the Texas Sports Hall of Fame
The Waco housing market remains moderately competitive, offering buyers a more balanced playing field. In the most recent data, the median home sale price stood at $275,000—a slight year-over-year decline of 0.068%, indicating relative price stability. Meanwhile, the median price per square foot dropped by 2.4% to $166, suggesting that while demand has cooled slightly, it hasn’t significantly altered the overall market structure. This mild softening may provide buyers with room to negotiate, especially in segments with higher inventory or longer days on market.
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In April 2025, the Waco housing market showed signs of stability with a minimal year-over-year price decline of just 0.068%, bringing the median home price to $275,000. Homes sold faster than they did the previous year, averaging 53 days on the market compared to 68 days in April 2024—an indicator of improved buyer activity or better pricing strategies. However, total sales volume decreased, with 123 homes sold this April versus 144 last year, suggesting a slight cooling in overall transaction pace. This mix of steady pricing, faster sales, and reduced volume points to a market where serious buyers are still active, but overall demand may be tapering slightly.
Waco remains a moderately competitive market where buyers have some leverage, but desirable homes still attract attention. On average, properties spend about 60.5 days on the market and typically sell for approximately 3% below the list price, indicating room for negotiation. While most homes take around two months to go pending, well-priced or highly sought-after properties—especially those in prime locations or with updated features—can sell near asking price and go under contract in just 30 days. This dynamic suggests that while buyers can be selective, sellers with compelling listings are still seeing strong interest.
As of April 2025, Waco, TX is classified as a buyer’s market, meaning housing inventory exceeds current demand. This environment typically benefits buyers, who have more options to choose from and increased negotiating power on price and terms. Sellers may need to be more flexible with pricing or offer incentives to attract serious interest, especially as homes are taking longer to sell and competition among listings remains elevated. For buyers, it’s a favorable time to enter the market with less pressure and more room for careful decision-making.
For detailed, up-to-date information on buying a house in Waco, including legal considerations and market trends, you can talk to us.
Buying a home in Waco offers a range of options, from historic properties to modern developments. Waco homes for sale typically cater to a variety of budgets, with the median home price around $290K. While the market is somewhat competitive, many homes sell for about 5% below the list price, giving buyers some negotiation flexibility. It’s important to be prepared, as desirable homes, especially those priced well, may receive multiple offers and sell more quickly.
The time it takes to purchase a home in Waco can vary, but on average, homes stay on the market for around 61 days before going pending. If you are interested in more popular homes for sale in Waco, also known as "hot homes," the process may move faster, with pending status often reached in as little as 24 days. Buyers should be ready with pre-approvals and a clear idea of what they want to ensure a smooth purchasing experience.
Waco offers a diverse selection of neighborhoods, each catering to different lifestyles and needs. Areas like Woodway and Hewitt are popular among families due to their excellent schools, parks, and suburban atmosphere. First-time buyers might explore more affordable Waco homes for sale in neighborhoods such as Dean Highland or North Waco, where you can find a mix of older homes with character and newer developments, making it an appealing option for those entering the market.
Property taxes in Waco, TX, typically range between 2.2% and 2.7% of the assessed property value, depending on the specific location within the city and the applicable tax jurisdictions. It's essential for prospective homeowners to factor in these costs when budgeting for a home purchase.
To prepare your home for the competitive Waco real estate market, start with curb appeal and consider key updates to increase its value. Buyers of Waco homes for sale tend to look for well-maintained properties with modern features. Small improvements, like fresh paint or updated fixtures, can go a long way. Additionally, staging your home can help it stand out in online listings and during showings, especially in a market where homes tend to sell for about 5% below the list price.
On average, homes for sale in Waco take about 61 days to sell. However, the timeline can vary based on the home’s location, pricing, and demand. "Hot homes" that are priced competitively or located in high-demand neighborhoods may go pending within 24 days or less. Sellers should consider these timeframes when planning their sale and work with a real estate agent to set realistic expectations based on their property's unique features.
Pricing your home strategically is essential. While some Waco homes for sale might attract more interest if priced slightly below market value, it’s important not to undercut your property’s true worth. Many homes in Waco sell for about 5% below the list price, so pricing competitively from the start can help attract serious buyers. In some cases, this can lead to multiple offers, especially for homes in desirable areas, potentially resulting in a sale closer to or at the asking price.
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.
