KS · Metro #94

Wichita - KS housing market

The Wichita metro has a typical home value of $222,066, up 3.3% from a year ago. Homes are moving fast at 15 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$222,066
+3.3% vs. year ago
Median sale price
$246,836
+5.0% YoY
Median list price
$283,115
Sale-to-list ratio
98.6%
Selling below ask
Days on market
15d
Listings w/ price cut
18.6%
New listings / mo
807
+7.3% YoY
Homes for sale
2,187
+5.6% YoY
Typical rent
$1,165/mo
+5.4% YoY
Context

How to read this data

The typical home value ($222,066) 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 3.3% over the past year. In Wichita - KS, that means a home worth $214,972 last year is now worth roughly $222,066.

The median sale price , what homes actually close for , is $246,836. Homes are selling at 98.6% of list price, meaning buyers have room to negotiate.

Homes listed in Wichita - KS sit on the market for roughly 15 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 807 new listings hit the market each month in Wichita - KS. There are currently 2,187 homes for sale, up 5.6% from a year ago.

The typical monthly rent in Wichita - KS is $1,165, up 5.4% 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$215,081 +1.3% 9.0d
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