Waco Housing Market Report May 2025•McLennan County, Texas

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Housing Prices in Waco, TX

How much do homes in Waco, TX cost?

Housing Market Conditions

Is Waco, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Waco is a Neutral Market

Difference Since May 2024

At the same time last year, Waco was a Seller's Market.

Insight

Waco is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$224,000$165/SqFt
-$24,000
-9.7%

Based on all homes sold in the last 12 months

Insight

Homes in Waco have sold for 9.7% less than they did a year ago.

Summary: The median home sold price in Waco was $224,000 in May 2025, down 9.7% from last year, and the median price per square foot was $165.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1-$176K
N/A
2$238.5K$162.5K
-31.9%
3$247K$225.5K
-8.7%
4$384.5K$457.4K
+19.0%
5-$363.5K
N/A

Summary: Waco housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -31.9%. The home price for 3 bedroom homes decreased by -8.7%. The home price for 4 bedroom homes increased by +19.0%. The home price for 5 bedroom homes did not change.

How does Waco, TX compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Waco, TX

Housing supply in Waco, TX

How many homes are available in Waco, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,004Last MonthMay 2025
8872 months agoApr 2025
+13.2 %
Change MoMApr – May

Summary: The Waco real estate market had 1,004 homes for sale in May 2025, a 13.2 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
144Last MonthMay 2025
1422 months agoApr 2025
+1.4 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
1911
+22.2%
2159167
+5.0%
3433470
+8.5%
4232288
+24.1%
55468
+25.9%

Summary: Waco housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +22.2%. The inventory for 2 bedroom homes increased by +5.0%. The inventory for 3 bedroom homes increased by +8.5%. The inventory for 4 bedroom homes increased by +24.1%. The inventory for 5 bedroom homes increased by +25.9%.

Asking Price vs. Sold Price

How much do homes in Waco, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price0 Home

Under Asking Price6 Homes

Insight

If you're buying a home in Waco, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 144 homes were sold or pending in Waco in May 2025, up by 1.4% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and and 25% were sold over asking.

Days on Market for Waco, TX

How long does it take to sell a home in Waco, TX?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days4 Homes

Over 90 Days3 Homes

Insight

Avg time on Rocket Homes in Waco has remained consistent over time.

Summary: During May 2025, 144 homes were sold in Waco; 1% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
75 DaysThis YearMay 2025
38 Days1 year agoMay 2024
+96.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in Waco had an average listing age of 75 days in May 2025, up by 96.8% compared to the previous year.

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Newest Listings in Waco, TX

What homes are available in Waco, TX?

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Nearby markets aren't available for Waco, TX

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MLS Disclaimers and Copyright

Based on information from North Texas Real Estate Information Systems Inc., Central Texas MLS Inc, Houston REALTORS® Information Service, Unlock MLS, and Amarillo Association of REALTORS MLS for the period 06/01/2023 - 06/01/2025

IDX ©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 6/12/2025, 2:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXData provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2025 Central Texas MLS, All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 6/12/2025, 2:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2025 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 6/12/2025, 2:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 6/12/2025, 2:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX information is provided exclusively for consumers' personal, non-commercial use, that may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but not guaranteed accurate by the MLS. Source of this information is from Amarillo Association of REALTORS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 6/12/2025, 2:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.