KS · Metro #94

Wichita - KS housing market

The Wichita metro has a typical home value of $227,077, up 3.7% from a year ago. Homes are moving fast at 12 days on market, a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$227,077
+3.7% vs. year ago
Median sale price
$243,993
+4.0% YoY
Median list price
$287,330
Sale-to-list ratio
99.1%
Selling below ask
Days on market
12d
Listings w/ price cut
21.2%
New listings / mo
907
+0.8% YoY
Homes for sale
2,303
+3.2% YoY
Typical rent
$1,204/mo
+5.3% YoY
Context

How to read this data

The typical home value ($227,077) is the Zillow Home Value Index for the Wichita - 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 3.7% over the past year. In Wichita - KS, that means a home worth $218,975 last year is now worth roughly $227,077.

The median sale price , what homes actually close for , is $243,993. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.

Homes listed in Wichita - KS sit on the market for roughly 12 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 907 new listings hit the market each month in Wichita - KS. There are currently 2,303 homes for sale, up 3.2% from a year ago.

The typical monthly rent in Wichita - KS is $1,204, up 5.3% year over year. For investors, the price-to-rent ratio here is roughly 16x 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
Topeka - KS$222,002 +1.9% 7.0d
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