Waxahachie Home Values

A surge in closings — 380 in the trailing quarter, a thick enough sample to carry real weight — anchors Waxahachie's price signals this month. Price per square foot settled near $186, essentially flat against the 12-month baseline of $189 and a touch above June's reading, based on MLS data for 2026-07 closings in Waxahachie. Median sale prices came in around $398K. Homes moved faster at closing too, with days on market running near 40, well under the 12-month median of 48. Sellers still gave ground at the table, receiving roughly 97 cents on the dollar, while concessions eased slightly from June, appearing in about two-thirds of deals and averaging near $11,600.

Pending contracts in Waxahachie fell sharply to roughly 90, down from around 200 a month earlier, even as active listings held near 730 homes — a widening gap between supply and contract-signing pace. Months of supply nudged up to nearly six, keeping conditions buyer-favorable. New listing volume eased slightly to about 525 for the quarter, no longer needing to outrun absorption the way it did earlier this year. The pullback in pending activity is the clearest velocity signal this month, pointing to a cooling contract pace even before new supply tapers.

The negotiation gap between list and sale prices in Waxahachie narrowed only slightly in the latest period, with sellers receiving about 96 cents on the dollar at closing — roughly in line with the 12-month average. Based on MLS data for 2026-06 closings in Waxahachie, price per square foot settled near $185, a modest step down from the $187 recorded last month. Median sale prices came in around $406K. Concessions remained widespread, appearing in roughly two-thirds of all transactions and averaging nearly $12,100 per deal — a concession footprint that is holding steady even as annual price appreciation runs near 4%.

The sharpest shift in Waxahachie's pipeline is in pending activity: contracts under way dropped to around 200 — a notable pullback from the prior period's 264 — even as active listings held near 702 homes. Months of supply compressed to roughly 5.6, down from about 7.1, a move that narrows the supply gap but still leaves the market in buyer-favorable territory. New listing volume of roughly 543 over the quarter continues to replenish supply at a measured pace, but the pending-to-active ratio remains below 30%, signaling that absorption has not yet caught up.

At roughly $187 per square foot, closed-transaction values in Waxahachie have edged slightly below their recent 12-month average, based on MLS data for May 2026 closings in Waxahachie. Median sale prices remain near $420K, up roughly 5% year-over-year, yet the terms behind those prices tell a different story: sellers conceded on approximately 66% of deals in the past three months, averaging around $12,400 per transaction. More than half of closings settled below list price, and sellers received about 96 cents on the dollar on average — a pattern that suggests the headline price is increasingly a negotiating anchor rather than a final outcome.

Supply in Waxahachie sits at 7.1 months, keeping the market firmly in buyer-favorable territory. With 757 active listings and only 264 properties currently under contract, pending activity represents less than 35% of the active pool — a ratio that points to continued absorption pressure heading into summer. New listings totaled roughly 525 over the trailing three months, replenishing inventory faster than pending activity is clearing it. The median days-on-market trend, currently running near 59 days for closed transactions, reinforces the pattern: homes are taking longer to find buyers than in prior cycles.