Wichita, KS housing market

Wichita home values kept climbing through spring, and only about one in seven sellers here has had to cut their asking price. The typical home is now worth about two hundred forty-eight thousand dollars, up nearly 3 percent from a year ago. That is steady, real appreciation, not a spike, but it has held. Sellers are asking a median of about two hundred seventy-two thousand dollars, roughly twenty-four thousand dollars above the typical value, and most are holding firm, with just 14.3 percent of active listings showing a price cut. There are 982 homes on the market, and 582 new listings came on this past month, so buyers have some choice but not an overload. Homes are taking a median of 44 days to sell, about six weeks, which is a normal, workable pace rather than a frenzy. What that adds up to is a market that quietly favors a well priced seller. You have room to list above the typical value, but buyers here are patient, and an ambitious price will cost you weeks. Price near the market, and Wichita will meet you there.