Waxahachie Home Values

Waxahachie anchors Ellis County from its iconic courthouse square, where Victorian storefronts and Crape Myrtles frame a downtown that still functions as a genuine town center rather than a tourist set piece. South of Dallas along the I-35E corridor, the city stretches from turn-of-the-century neighborhoods with original hardwood floors and wrap-around porches to master-planned communities where a dozen national builders are delivering homes on acre-plus lots. Lake Waxahachie adds waterfront living to the mix, and the surrounding countryside offers unrestricted acreage with no HOA and no city taxes — a combination that keeps drawing buyers who want space without abandoning the metro.

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.