Waxahachie Home Values

While Ellis County's closed transactions took a median of 48 days to reach settlement, Waxahachie's sales wrapped up in roughly 38 days over the same quarter — nearly a fifth faster than the broader county, based on MLS data for 2026-08 closings in Waxahachie. Price per square foot held near $186, edging just above the county's $184 median even as Waxahachie's overall sale price, roughly $405K, ran slightly below the county's $412K — a sign homes changing hands locally skew smaller rather than pricier. Sellers still gave ground at the table, netting close to 97 cents on the dollar, with concessions in a little under two-thirds of deals — both marginally better than county-wide averages.

Waxahachie's pipeline continues to run tighter than the county's: months of supply sat near 6.2, a touch below Ellis County's 6.6, while pending contracts fell to just 38 — a steeper pullback than the county's own softening pace, where pending activity of 142 still represents a larger share of the active pool. New listings held near 513 for the quarter, tracking in proportion with the city's share of county-wide active inventory, suggesting the supply gap here is deepening faster than across the county overall.

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.