"In October, home prices fell moderately from the month before, with a median listing price of $274,950. The number of listings on the market shrank 1.8% from last month, which is a bigger decrease 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 rise in October. But the most recent data shows that the price per square foot decreased by 0.2% compared with the month before."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Air Capital of the World are smaller the national market. Wichita inventory In October, there were 1,061 homes for sale in Wichita, which was 1.8% less than the month before and 20.8% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001."
Wichita's median listing price in October was $274,950, a moderate monthly decline. Price per square foot in Wichita decreased 0.2% month-over-month, while the national price per square foot fell 0.8%. Active listings in Wichita totaled 1,061 in October, down 1.8% from the previous month and up 20.8% year-over-year. National active inventory remained essentially unchanged at 1,100,001. Homes in Wichita averaged 45 days on market, two days longer than the prior month and three days longer than the same month last year. Nationally, the average time on market was 63 days in October.
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