In August, home prices fell substantially from the month before, with a median listing price of $285,000.
The number of listings on the market grew 6.4% from last month, which is a bigger increase than normal for this time of the year in Wichita, and homes are also selling slower than at the same time last year.
Home prices in Wichita
Typically, home price per square foot in Wichita tend to fall in August. And the most recent data shows that the price per square foot decreased by 0.9% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Air Capital of the World are smaller the national market.
Wichita inventory
In August, there were 1,031 homes for sale in Wichita, which was 6.4% more than the month before and 34.1% more than the same time last year.
Meanwhile, active inventory across the nation fell by 0.4% from last month to 1,098,681.
Time on market
Homes in Wichita take an average of 44 days to sell, according to August figures.
This is two days less than the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 60 days on the market in August.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Wichita, KS.