KS · Metro #94

Wichita - KS housing market

The Wichita metro has a typical home value of $225,557, up 3.7% from a year ago. Homes are moving fast at 11 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$225,557
+3.7% vs. year ago
Median sale price
$242,992
+3.3% YoY
Median list price
$285,997
Sale-to-list ratio
98.8%
Selling below ask
Days on market
11d
Listings w/ price cut
19.9%
New listings / mo
899
+1.5% YoY
Homes for sale
2,264
+4.0% YoY
Typical rent
$1,201/mo
+5.2% YoY
Context

How to read this data

The typical home value ($225,557) 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 $217,509 last year is now worth roughly $225,557.

The median sale price , what homes actually close for , is $242,992. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.

Homes listed in Wichita - KS sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 899 new listings hit the market each month in Wichita - KS. There are currently 2,264 homes for sale, up 4.0% from a year ago.

The typical monthly rent in Wichita - KS is $1,201, up 5.2% 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$217,683 +1.7% 6.0d
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