Kansas
Housing Market
Kansas enters 2025 as a seller’s market. The limited inventory and steady price appreciation create strong conditions for those looking to make a sale.
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MigrationKansas Housing Market Overview
As of January 2025, the median home price in Kansas has reached $262,900, a 6.5% increase YoY. Kansas housing inventory also grew by 9.6% YoY, reaching 7,500 homes for sale. The state has a 2-month supply, tilting conditions in favor of sellers. Despite rising inventory, demand remains steady, preventing a significant market shift.
New listings rose 2.6% YoY, with 2,127 properties entering the market in January. Homes now spend a median of 39 days on the market, up slightly from last year but still below the 60-day balanced market benchmark. Kansas real estate market continues to lean toward sellers, supported by limited supply and consistent buyer activity.
What Does It Mean for Home Buyers and Sellers?
New listings rose 2.6% YoY, with 2,127 properties entering the market in January. Homes now spend a median of 39 days on the market, up slightly from last year but still below the 60-day balanced market benchmark. Kansas real estate market continues to lean toward sellers, supported by limited supply and consistent buyer activity.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: The Kansas real estate market remains competitive despite rising inventory. Home prices have increased 6.5% YoY to $262,800 and continue to rise. Be sure to secure pre-approval before starting your search. With houses in Kansas selling in 39 days on average, quick decisions are crucial. Focus on neighborhoods where you can act fast, as sellers still have the advantage with low inventory. Prioritize must-have features to make the most of available listings.
- If You're a Seller: Kansas houses for sale continue to benefit from favorable market conditions. Price your Kansas home competitively to capitalize on steady buyer demand. Expect continued interest as inventory remains limited relative to active buyers. High-quality photography and well-presented listings further enhance your selling position.
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Kansas Housing Supply
Houses for sale in Kansas reached 7,500 properties this January, marking a 9.6% increase in inventory year-over-year. While the Kansas housing market is expanding, supply remains limited compared to demand, and real estate in the state still faces constraints despite steady inventory growth.
New listings rose, with 2,127 homes entering the market recently. This 2.6% annual increase suggests that more sellers are choosing to list their properties. The supply of housing in Kansas remains at just 2 months statewide, holding steady year over year, reinforcing seller-favorable conditions.
What Does It Mean for Home Buyers and Sellers?
New listings rose, with 2,127 homes entering the market recently. This 2.6% annual increase suggests that more sellers are choosing to list their properties. The supply of housing in Kansas remains at just 2 months statewide, holding steady year over year, reinforcing seller-favorable conditions.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: Kansas housing expanded to 7,500 homes, a 9.6% increase, offering more options than last year. New listings rose 2.6%, with 2,127 fresh properties, but the Kansas real estate market remains largely unchanged. With only a 2-month supply, sellers still have the edge. Act fast when you find houses in Kansas that meet your criteria, and consider newly listed properties for less competition.
- If You're a Seller: Kansas homes for sale are moving quickly, with just 2 months of supply, keeping conditions favorable for sellers. With 7,500 homes available and a 9.6% inventory increase, competition is rising. New listings grew 2.6%, so your listing must stand out. Professional marketing and strategic pricing ensure strong buyer interest and timely offers.
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Kansas Housing Demand
The Kansas housing market shows steady, though slightly softened, demand. Homes in Kansas sold above the list price in 11.7% of transactions, a 0.71% decline from January last year. While market competition persists, buyers are encountering fewer bidding wars. Most properties continue to sell close to their asking price.
Recently, 25.2% of KS real estate listings have had price reductions, up from 22.0% last year. This shift reflects sellers adjusting their expectations in response to changing market conditions. The average sale-to-list price ratio is a strong 97.5%, marking a 0.8% increase year over year. While Kansas real estate remains competitive, buyers now have more negotiating opportunities.
What Does It Mean for Home Buyers and Sellers?
Recently, 25.2% of KS real estate listings have had price reductions, up from 22.0% last year. This shift reflects sellers adjusting their expectations in response to changing market conditions. The average sale-to-list price ratio is a strong 97.5%, marking a 0.8% increase year over year. While Kansas real estate remains competitive, buyers now have more negotiating opportunities.
What Does It Mean for Home Buyers and Sellers?
- If You're a Buyer: Kansas real estate offers better negotiating conditions this year, with a 3.2% increase in price reductions. Focus on homes with recent price drops, as these sellers may be more flexible. Expect to pay about 97.5% of the list price. Despite these shifts, Kansas homes remain competitive, so act quickly and make strong offers on well-priced properties in desirable areas.
- If You're a Seller: The Kansas housing market remains favorable despite slight shifts. Price your home competitively to avoid price cuts, as 25.2% of homes required reductions due to overpricing. On average, properties sell for 97.5% of the asking price, with 11.7% of homes achieving above-list prices. Attract serious buyers by pricing strategically and presenting your home well, especially in desirable areas where offers often come within the first month.
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Buyer’s Market
Seller’s Market
Seller: Housing demand exceeds supply and drives the prices up. Homes sell fast and get multiple offers from buyers.
Is It a Buyer's or Seller's Market in Kansas?
Kansas remains a seller's market, with home prices up 6.5% year-over-year to a median of $262,800. Homes still sell in an average of 39 days, putting pressure on buyers. A slight three-day increase in market time suggests a shift, but sellers still hold the advantage.
The Kansas housing inventory highlights the market's competitive nature. Available homes rose 9.6% to 7,500 total listings, signaling an increase in seller activity. New listings saw a modest 2.6% rise, bringing 2,127 fresh properties to market. Supply remains limited at just two months of inventory, keeping the seller leverage intact.
The current real estate metrics indicate a gradual move toward a more balanced market. The percentage of homes selling above the list price fell to 11.7%, showing fewer bidding wars. Meanwhile, price reductions increased to 25.2%, suggesting that some sellers must adjust expectations. Despite these shifts, sellers still receive 97.5% of their asking prices, reinforcing their strong position. Kansas remains a seller's market, though buyers are gaining slightly more negotiation power than before.
Kansas Housing Market Insights
Kansas homes for sale favor sellers. There is just a 2-month supply, and properties sell quickly, averaging 39 days on the market. Sellers should consider listing now before inventory increases. To ensure fast results, price your home correctly and stage it effectively to stand out. While 11.7% of homes still sell above the list price, this has slightly decreased.
Inventory is rising, with 10.2% more homes available and new listings up 3.7%. Sellers must price accurately from the start, while buyers should secure mortgage pre-approval. With 24.9% of homes seeing price drops, there's an opportunity for negotiation. In Kansas' current market, buyers and sellers must act decisively.
Inventory is rising, with 10.2% more homes available and new listings up 3.7%. Sellers must price accurately from the start, while buyers should secure mortgage pre-approval. With 24.9% of homes seeing price drops, there's an opportunity for negotiation. In Kansas' current market, buyers and sellers must act decisively.
Nationwide Migration Trends
Kansas has experienced significant outbound migration in recent years. According to the latest US census data, 92,713 residents left the state, many of them choosing to migrate to states like Missouri, Texas, and Florida.
Although the average cost of living in Kansas is 12.3% lower than the national average, people move out in search of better job opportunities.
Although the average cost of living in Kansas is 12.3% lower than the national average, people move out in search of better job opportunities.
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Frequently Asked Questions
How have home prices changed in Kansas over the past years?
The average home price in Kansas has continued to rise over the past years, driven by high demand and low inventory. The median home price has increased at an average growth rate of 6.5%, with some regions seeing double-digit percentage growth. To determine your home's value, you can use our free home value estimator.
Are housing prices dropping in Kansas?
No, home prices in Kansas aren't dropping, but they show varied local trends. Statewide prices rose 6.5% YoY in January 2025. Markets like Shawnee and Kansas City saw significant gains. Experts forecast sustained growth in 2025, though the rise in Kansas homes for sale may moderate prices in overvalued areas.
What's the average home price in Kansas?
The average home price in Kansas varies depending on location, size, and market conditions. It typically ranges from $178,400 for condos to $262,900 for single-family homes.
What is the Kansas housing market forecast for 2025?
The Kansas housing market is expected to stabilize in 2025, with steady price growth and rising mortgage rates.
What is the average mortgage rate for home buyers in Kansas?
The average mortgage rate for home buyers in Kansas fluctuates between 6.22% and 7.03%. When you apply for a mortgage, check your credit score and the current mortgage rates with lenders.
How does the Kansas housing market compare to the national market?
The Kansas housing market performs better than the national market, as evidenced by the robust price growth and active sales numbers. The state's tight two-month supply indicates intense market competition, maintaining Kansas' position as a seller's market.
Is now a good time to buy or sell a home in Kansas?
It depends on the current trends in housing prices and inventory in your city. Sellers can benefit from high demand and rising prices. However, if mortgage rates are stable with more than 6 months of supply, it's the best time to buy a house in Kansas.
Which are the best places to buy a house in Kansas?
Coffeyville and Parsons are top choices for value-seeking buyers in Kansas. Their median home prices are well below the state average of $262,900. Both cities rank among the cheapest places to live in Kansas, alongside other promising locations for budget-conscious homebuyers.
Is the housing market going down in Kansas?
It's implausible that the Kansas market will crash. Prices and housing demand are projected to experience sustained growth through 2025.
What is the cost of living in Kansas?
The cost of living in Kansas sits at an index of 87.7. The state costs 12.3% less than the national average. The housing index of 69.4 also reflects lower home prices. You can find out more with our free Kansas cost of living calculator.
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