"I'm saddened that after all these months, we couldn't hammer out all these particular things." Waxahachie city council member Patrick Souter said that on January 28, 2026, moments before he cast one of two dissenting votes against the largest development in the city's history. The council approved it anyway, 3-2, clearing the way for Minto Communities USA to build 13,270 homes on 3,170 acres along the city's western edge.
If you've been watching Waxahachie's median home price on any of the major portals, you've probably noticed it doesn't sit still. Depending on which site you check and which quarter you're looking at, the citywide median has recently read anywhere from the mid-$300,000s to the mid-$440,000s. That's not a data error. It's what happens when a single number tries to average three markets that don't behave anything alike, and a fourth one just got approved.
Three Markets Wearing One Median
Waxahachie's housing stock breaks into groups that price, sell, and appreciate on almost independent timelines. The West End Historic District carries Victorian and Craftsman homes built around the turn of the last century, some eligible for historic tax exemptions, where value depends heavily on preservation condition and architectural pedigree rather than square footage alone. Established production-builder subdivisions form a second tier, and here the spread is wide even within that category. Closed-sale data through the third quarter of 2026 shows Shackelford posting a median of $432,990 across 173 sales at $176 per square foot, while Dove Hollow's 100 sales carried a median of $413,990 and moved in about 49 days. Myrtle Creek, at a median of $515,027, took roughly 115 days to sell on average, more than six times longer than Saddlebrook Estates, where a $313,740 median moved in about 18 days.
| Subdivision | Closed Sales | Median Price | Days on Market |
|---|---|---|---|
| Shackelford | 173 | $432,990 | not reported |
| Dove Hollow | 100 | $413,990 | 49 |
| Myrtle Creek | 62 | $515,027 | 115 |
| Saddlebrook Estates | 62 | $313,740 | 18 |
Notice that Saddlebrook, the least expensive of the four, sold fastest by a wide margin, while Myrtle Creek, the most expensive, sat on the market nearly four times longer. A citywide median flattens all of that into one number and tells you nothing about which of these four very different buying experiences you're actually walking into.
What the Median Actually Averages
Ask three sources for Waxahachie's median home price right now and you'll get three different answers, and the gap isn't small. One national data provider puts the three-month figure ending in June 2026 at $365,000, down 5.2 percent from the same period a year earlier. A property analytics site pegs the September 2026 median for single-family homes at $387,428. A local closed-sale report covering 1,166 transactions puts the median at $421,000, with the third-quarter 2026 figure climbing to $444,500.
Part of that spread comes down to what each number is counting. A median built from all closed sales, including new construction, will run higher than one built from resale listings alone, because new construction carries its own premium. Part of it comes down to timing windows that don't line up. None of it means the data is wrong. It means the phrase "Waxahachie's median price" needs a follow-up question before it's useful to you: median of what, over which months, including or excluding new builds.
The New Construction Premium, and Why It's About to Widen
That new-construction premium is real and measurable. Across the same 1,166 closed sales, new construction carried a median price of $454,399, compared with $375,000 for resale, a gap of nearly $80,000 for homes that, on paper, occupy the same city. New construction accounted for close to 40 percent of those closings, which tells you the premium isn't a rounding error from a handful of luxury builds. It's a structural feature of this market.
Looking at the median by quarter over the past several years shows the trajectory behind that premium. Waxahachie's median climbed from $356,950 in the first quarter of 2022 to $411,900 by the first quarter of 2024, dipped to $393,490 in early 2025, and rebounded to $435,000 by the start of 2026 before reaching $444,500 in the third quarter. That dip and rebound matters. It shows a market that absorbs new supply in waves rather than a straight line, which is exactly the pattern to expect as a development the size of Minto's begins delivering homes over its multi-year build-out.
The 13,270 Homes Already Approved
Here's where the west side of Waxahachie changes shape. Minto Communities USA, a Florida-based developer entering Texas for the first time, closed on the 3,170-acre property on February 20, 2026, confirming plans for 13,270 homes across two districts, a traditional neighborhood and an active-adult community, plus 1,400 multi-family units. The site sits west of Interstate 35E, south of FM 875, north of FM 1446, and east of Lone Elm Road, land that Walton Global Holdings began assembling as far back as 2005.
City staff told the council the project could grow Waxahachie's population by as much as 65 percent over its build-out, which council member Chris Wright described as a 16-year phase. That's a meaningful revision from the timeline Minto announced in January, when the company projected a mid-2026 construction start. By the time the company closed on the land in February, its own release had shifted that language to "late 2026." A few weeks moved the start date back, which is worth remembering if you've seen headlines suggesting new supply is imminent. It isn't. It's a long runway.
Residents near Brookside Road opposed the rezoning specifically over traffic strain, water runoff, and housing prices, concerns serious enough to produce a split council vote rather than a routine approval. Minto's own materials describe a plan built to offer, in the company's words, a full spectrum of pricing and product types designed to adapt to evolving market conditions, which suggests the development is aiming to compete directly with the resale and production-subdivision tiers described above rather than sitting purely at the luxury end.
What This Means If You're Comparing Neighborhoods
None of this should change your target list. It should change which number you ask your agent for. A citywide median is a starting point for a search engine, not a number that predicts what you'll pay in Dove Hollow versus Saddlebrook versus a Victorian on the historic square. Ask for subdivision-level comparables, and ask whether the comp set includes new construction or resale only, since the roughly $80,000 gap between them is large enough to change your entire budget conversation.
The pricing discipline data from those 1,166 closed sales offers a useful gut check too. Sellers who held their original asking price sold in about 17 days at full ask. Sellers who cut price after listing too high took 89 days on average and still settled for about 92.9 percent of their original number, leaving roughly $30,900 on the table on a typical listing. That gap says something about buyer behavior in this market right now. Waxahachie buyers are willing to move fast on a home priced correctly the first time, and slow to reward one that wasn't. If you're the one making the offer, that's leverage worth understanding before you write a number down.
The Minto pipeline won't reach the resale market for years, but its approval already tells you something about where the west side of Waxahachie is headed and how long any softening from new supply is likely to take to show up in existing subdivisions.
FAQ
Will the Minto development lower home prices in Waxahachie? Too early to say with any precision. Construction hadn't started as of this writing, and the build-out is projected to run 16 years, so any effect on existing subdivision pricing would arrive gradually and unevenly rather than all at once.
Does the citywide median apply to homes in the historic district? Not reliably. Historic properties often carry tax exemptions and preservation considerations that put them on a different valuation path than production-builder subdivisions, which is part of why a single median obscures more than it reveals.
Where exactly is the Minto development relative to downtown Waxahachie? It sits west of Interstate 35E, bounded by FM 875 to the north, FM 1446 to the south, and Lone Elm Road to the west, on the opposite side of the city from the historic square.
If you're trying to figure out which of these Waxahachie markets actually fits your budget and timeline, that's exactly the kind of comparison the Krissy Mireles Team works through with buyers every week. Let's talk about your next move.
