Why Live in Oakwood
Oakwood, a neighborhood in Waco, Texas, is characterized by its proximity to Baylor University and its enduring community spirit, with many long-term residents. The area is known for its well-maintained properties, often featuring peach, fig, and plum trees, and is surrounded by lush parks like Oakwood Park and Gurley Park. These parks offer amenities such as baseball fields, basketball courts, walking paths, and picnic areas with shaded pavilions, providing residents with ample recreational opportunities. Housing options in Oakwood range from apartment buildings and student housing near Baylor to newer single-story brick cottages and two-story homes with gabled roofs and attached garages. The neighborhood's southeastern section has seen recent construction, while some properties east of Gurley Park offer larger lots. La Salle Avenue, the neighborhood's western boundary, is a hub for shopping and dining, featuring local favorites like Junque in the Trunk and Health Camp. While Oakwood's schools have average ratings, the neighborhood's location provides easy access to major routes like US Route 77 and Interstate 35, connecting residents to downtown Waco and beyond. Despite the area's higher-than-average tornado risk, Oakwood remains a stable and vibrant community.
Home Trends in Oakwood, TX
On average, homes in Oakwood, Waco sell after 46 days on the market compared to the national average of 51 days. The median sale price for homes in Oakwood, Waco over the last 12 months is $279,800, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$279,800
Median Single Family Sale Price
$317,450
Median 2 Bedroom Sale Price
$226,000
Median 1 Bedroom Sale Price
$197,999
Average Price Per Sq Ft
$198
Number of Homes for Sale
21
Last 12 months Home Sales
46
Median List Price
$275,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
11%