Here’s a look at the South Central Kansas Real Estate Market for January 2019. According to statistics from the REALTORS® of South Central Kansas, new listings are showing a decrease from this time last year. Read more about this month’s real estate market trends.
📊 A Look at South Central Kansas Stats
We started January 2019 with a median sale price of $144,250 for single-family homes. This number shows an increase of 11 percent from the $130,000 recorded this same time last year. The average sale price for homes in this area is $159,637, which is up 5.9 percent from the beginning of January 2018.
There were 724 closed sales in December 2018, which shows a decrease of 11.8 percent from the 821 homes sold this time last year. We moved in January of 2019 with 2,205 active listings for the South Central Kansas area. This number shows a slight decrease of 0.4 percent from the beginning of January of 2018.
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📈 Patio & Condo Living in South Central Kansas
The median sale price is $173,500 for patio homes and condos in South Central Kansas. The average sale price for homes in this area is $187,357.
There’s a 4 months supply of available patio homes and condos for sale in South Central Kansas. For the market to be considered balanced, there needs to be a 6-month supply of available homes.
💵 What does this mean for buyers?
South Central Kansas recorded 616 new listings for the month of December, which shows a 3.3 percent drop from the 637 seen this time last year. There were 785 pending contracts and 568 contracts written during December.
We suggest that you create searches and save them to receive free email alerts in your inbox when a new home that matches your search criteria hits the market. We would love to save you valuable time when you are buying a home by setting up private showings for the homes you wish to tour.
💲 What does this mean for sellers?
South Central Kansas single-family resident home sellers are receiving 89.5 percent of their original price with an average of 47 days on the market. Those selling patio homes and condos are receiving 97 percent of their original price with an average of 42 days on the market.
To lessen chances for a delay in reaching the closing table, you’ll want to make sure you’re setting your asking price correctly from the start when selling a house. Setting your price too high can cost y
🏘️ Wichita Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for Wichita. All homes here are priced at $159,637.
🏘️ Wichita Condos & Townhouses for Sale
Here are the most recent condo and townhouse listings just added to the database in the average sale price range for Wichita. All condos and townhouses here are priced $187,357.