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Featured local agent — Waco, TX
Sarah Mitchell
Compass Real Estate · Waco, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waco, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$255,000median sale price
How is the Waco, TX housing market right now?
The median home sale price in Waco, TX is $255,000, down 3.4% year-over-year. Homes sell in an average of 46 days with 684 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Waco a buyer's or seller's market?
Waco, TX is currently a balanced market, based on 4.2 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
163
Last 12 weeks
Days on market
46
Average pace
Active listings
684
4.2 months supply
Sale-to-list
96.7%
Below asking
What does the Waco housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $255,000 |
| Median list price | $265,000 |
| Year-over-year price change | -3.4% |
| Average days on market | 46 days |
| Active inventory | 684 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $165/sq ft |
| Homes sold (latest month) | 163 |
| New listings (latest month) | 220 |
| Listings with a price cut | 31.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Waco by property type?
How the Waco, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $265,000 | $168/sq ft | 147 | 45 days |
| Condo / Co-op | $156,250 | $153/sq ft | 12 | 51 days |
| Townhouse | $100,000 | $75/sq ft | 1 | 53 days |
Source: Redfin · Updated monthly
The Waco housing market is currently classified as a balanced market with a median sale price of $255,000. Prices have fallen 3.4% compared to last year, with homes spending an average of 46 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Waco
There are currently 684 homes listed for sale in Waco, Texas. The median listing price is $265K.
Active listings
684
Homes on market
Median list price
$265K
Avg. days on market
46
Days until sale
New this week
220
Newly listed
Who lives in Waco?
Population
141,925
Median income
$51,468/yr
Median age
29.2 years
Owner-occupied
48.9%
College grads
28.6%
Avg commute
18.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Waco?
Zillow home value
$200,115
Zillow rent index
$1,369/mo
Price-to-rent ratio
12.2x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Waco?
Waco is a community of approximately 142K residents with a median age of 29.2 years.The median household income is $51,468, which represents a working-class community with solid middle-income opportunities. 28.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 48.9%, showing a blend of owner and renter-occupied properties. The average commute time is 18.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Waco offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Waco?
50 schools tracked · 26,507 students
The largest public schools serving Waco, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MIDWAY H S
Grades 9-12 · 2,730 students
WACO H S
Grades 9-12 · 1,778 students
UNIVERSITY H S
Grades 9-12 · 1,750 students
TENNYSON MIDDLE
Grades 6-8 · 947 students
LA VEGA H S
Grades 9-12 · 877 students
CESAR CHAVEZ MIDDLE
Grades 6-8 · 813 students
BELL'S HILL EL
Grades PK-5 · 781 students
G W CARVER MIDDLE
Grades 6-8 · 776 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Waco, TX?
Want a head-to-head view? Compare Waco side-by-side with any other U.S. city using our market-comparison tool.
Is Waco a good real estate investment market?
For investors evaluating Waco, the price-to-rent ratio of 12.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 3.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Waco's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Waco's median home price.
Frequently asked questions
What is the average home price in Waco?
The median home sale price in Waco is $255,000, down 3.4% from last year.
How long do homes stay on market in Waco?
Homes typically spend 46 days on market before going under contract.
What is the median income in Waco?
The median household income is $51,468 per year.
Is Waco a buyer's or seller's market?
With 4.2 months of supply, Waco is currently a balanced market.
What is the Zillow home value estimate for Waco?
The Zillow Home Value Index (ZHVI) for Waco is $200,115, representing the typical home value in the area.
What is the median condo price in Waco?
The median condo/co-op sale price in Waco, TX is $156,250, compared to $265,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Waco?
The median single-family home price in Waco, TX is $265,000 (about $168 per square foot).
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