In July, home prices rose slightly from the month before, with a median listing price of $300,000.
The number of listings on the market grew 8.2% from last month, which is a smaller 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 July. And the most recent data shows that the price per square foot decreased by 1.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in the Air Capital of the World are larger the national market.
Wichita inventory
In July, there were 969 homes for sale in Wichita, which was 8.2% more than the month before and 27.4% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
Time on market
Homes in Wichita take an average of 46 days to sell, according to July figures.
This is three days more than the previous month and nine days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
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.