KS · Metro #199

Topeka - KS housing market

The Topeka metro has a typical home value of $215,081, up 1.3% from a year ago. Homes are moving fast at 9 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$215,081
+1.3% vs. year ago
Median sale price
$209,827
+6.2% YoY
Median list price
$255,300
Sale-to-list ratio
98.1%
Selling below ask
Days on market
9d
Listings w/ price cut
18.6%
New listings / mo
234
-8.2% YoY
Homes for sale
506
-1.6% YoY
Typical rent
$1,211/mo
+4.3% YoY
Context

How to read this data

The typical home value ($215,081) is the Zillow Home Value Index for the Topeka - KS metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.3% over the past year. In Topeka - KS, that means a home worth $212,321 last year is now worth roughly $215,081.

The median sale price , what homes actually close for , is $209,827. Homes are selling at 98.1% of list price, meaning buyers have room to negotiate.

Homes listed in Topeka - KS sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.

About 18.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 234 new listings hit the market each month in Topeka - KS. There are currently 506 homes for sale, down 1.6% from a year ago.

The typical monthly rent in Topeka - KS is $1,211, up 4.3% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

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Related

Other metros in KS

MetroHome value1-yr changeDays on market
Wichita - KS$222,066 +3.3% 15.0d
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