RealTrends Market Report

Wichita, KS

Single-Family Homes

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Wichita, KS

Fri Apr 12 2024
This week the median list price for Wichita, KS is $339,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 527. Click here to stay informed with the Wichita market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Wichita, KS

Fri Apr 12 2024
This week the median list price for Wichita, KS is $339,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 527. Click here to stay informed with the Wichita market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Wichita market.
Median List Price $339,000
Median Price of New Listings $241,500
Per Square Foot $148
Average Days on Market 146
Median Days on Market 56
Price Decreased 30%
Price Increased 6%
Relisted 5%
Inventory 527
Median Rent
Market Action 43
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$610,000 3,511 0.25 - 0.5 acre 5 3.5 2 8 12 84
$389,300 2,335 0.25 - 0.5 acre 4 3 1 13 8 63
$280,490 2,098 8,000 - 10,000 sqft 4 2.5 3 14 24 77
$159,950 1,472 6,500 - 8,000 sqft 3 2 71 35 36 21