Wichita, Kansas started 2024 with a total of 597 single-family homes on the market, with a median home price of $300,000 and an average price per square foot of $156.03. By the end of the year, inventory had increased to 797 homes on the market (+34%), with a median home price of $295,000 (-2%), and an average price per square foot of $150 (-4%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 63 days.
Wichita, Kansas started the year with 31.99% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 38.27% of homes for sale had taken a price cut.
