Waco Metro Real Estate Update — October 2026: More Homes to Choose From
October's numbers are in, and the story across the Waco Metro is simple: there are more homes on the market and fewer buyers rushing to grab them. Inventory climbed to 6.2 months, the highest we've seen in a while, which gives buyers more room to shop and negotiate. Meanwhile, homes that are priced and presented well are still selling close to asking price.
October by the numbers
| October 2025 | October 2026 | Change | |
|---|---|---|---|
| Homes sold | 252 | 209 | -17.1% |
| Under contract | 243 | 226 | -7.0% |
| New listings | 364 | 384 | +5.5% |
| Average sold price | $322,293 | $349,213 | +8.4% |
| Median sold price | $275,000 | $270,000 | -1.8% |
| Median sold-to-list price | 97.0% | 98.0% | +1.0% |
| Average days on market | 84 | 82 | -2.4% |
| Months of inventory | 5.0 | 6.2 | +24.0% |
What's happening with prices
The average sold price rose 8.4% to $349,213, while the median dipped 1.8% to $270,000. When those two move in opposite directions, it usually means a handful of higher-priced homes closed during the month, pulling the average up, while the typical Waco home held steady or softened slightly.
The good news for sellers: homes sold for a median of 98% of list price, up from 97% last October, and they're going under contract a little faster (82 days on average, down from 84). Buyers are still paying close to asking for the right home. They're just being choosier about which homes those are.
Fewer sales, more choices
Sales and new contracts both slowed compared with last fall: 209 homes closed and 226 went under contract. At the same time, 384 new listings hit the market, 5.5% more than a year ago. More homes coming on while fewer are selling is what pushed inventory up to 6.2 months, which puts the Waco Metro in balanced territory leaning toward buyers.
Looking at the full year, 2026 ran ahead of 2025 through the spring and early summer, then cooled off in late summer and fall. That's a normal seasonal rhythm, just a little more pronounced this year.
What this means for you
If you're buying, this is one of the better windows we've seen in a while. You'll have more homes to compare, less competition from other buyers, and more room to ask for things like repairs, closing-cost help or a rate buydown. Holiday-season sellers are often motivated, too.
If you're selling, pricing and presentation matter more than ever. With more homes for buyers to choose from, the ones that sell are the ones that look great online and are priced right from day one. Homes that start too high tend to sit, and that's when price cuts start. A clear plan for staging, photos and pricing makes all the difference.
If you're just keeping an eye on things, every neighborhood and price point tells its own story. Woodway, Hewitt, China Spring and McGregor don't always move the same way the metro does.
Let's talk about your piece of the market
These charts are packed with useful detail, and we're always happy to walk through them with you and explain what they mean for your home, your neighborhood or your next move. Reach out to our team anytime, or sign up below for monthly market updates on your area.
Data sourced from the Waco Association of REALTORS®. Charts courtesy of Bramlett Partners.
