Wichita, KS home prices and housing market

Wichita sellers are asking roughly twenty-seven thousand dollars more than homes are worth, and buyers are making them wait. Here is what that gap means if you are weighing a sale this year. The median asking price in Wichita is about two hundred seventy-two thousand dollars, while the typical home value sits near two hundred forty-five thousand dollars. Sellers are clearly aiming high. Meanwhile there are about 990 homes for sale, with roughly 550 new listings arriving this month, so buyers have real choices. And they are using those choices slowly. The typical home sits for about 43 days before going under contract, and about one in seven listings has already cut its price. But this is not a market in trouble. Home values are still up nearly 3 percent over the past year, which means well priced homes are still selling. So if you list now, price to your home's actual value, not to the highest ask on your street. An ambitious price in Wichita right now buys you six weeks of waiting and a cut later. For a free estimate of what your Wichita home is worth today, visit Home Value Pros dot com.