RealTrends Market Report

Wichita, KS

Single-Family Homes

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Wichita, KS

Wed May 22 2024
This week the median list price for Wichita, KS is $350,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has increased to 588. 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.

Strong Seller's Market

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

Wed May 22 2024
This week the median list price for Wichita, KS is $350,000 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has increased to 588. 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.

Strong Seller's Market

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 $350,000
Median Price of New Listings $277,450
Per Square Foot $146
Average Days on Market 98
Median Days on Market 35
Price Decreased 31%
Price Increased 4%
Relisted 6%
Inventory 588
Median Rent
Market Action 47
Strong Seller's Market

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
$625,000 3,635 0.25 - 0.5 acre 5 3.5 4 16 5 56
$397,500 2,568 0.25 - 0.5 acre 4 3 2 22 3 56
$300,000 2,203 0.25 - 0.5 acre 4 3 15 26 10 49
$170,000 1,537 6,500 - 8,000 sqft 3 1.5 71 48 20 14