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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waco is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Waco has remained a Seller's Market.

Key Takeaway

Waco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Waco, KY

How much do homes in Waco, KY cost?

Median Sold Price

$246,500

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$108,500(-30.6%)

Key Takeaway

Homes in Waco have sold for 30.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $182K-
N/A
3 $357.5K$216.5K
-39.4%
4 -$319K
N/A
5+ --
N/A

Summary: Waco housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 39.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Waco, KY

How many homes are available in Waco, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1415+7.1%

Summary: The Waco real estate market had 15 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 46
+50.0%
4 67
+16.7%
5+ 11
0.0%

Summary: The Waco housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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 4 homes were sold or pending in Waco in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Waco, KY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
43 Days12 Days-71.4%

Summary: Homes in Waco had an average of 12 days on market in Oct 2024, down by 71.4% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Waco are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Waco; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Waco, KY

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