Waxahachie Home Values

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.