Homebuyers in Wichita should expect to navigate a “very competitive” market, according to one real estate site, even as sales slump statewide compared to last year. Tight inventory has driven prices up in many areas and contributed to a seller’s market. Wichita’s median home listing price is $275,000 as of June, which is a 14.6% increase from last year, real estate site Realtor.com reports. Average Wichita homes were selling for about 3% above asking price in June, and most homes are selling after about 28 days on the market. The average home value in Wichita was $186,579 in June, according to the Zillow Home Value Index. Home values are up 5.9% in Wichita compared to last year.
Source: Local News | Wichita Eagle
