Top Mega Teams in Wichita, Kansas – Ranked by Sides

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2023 Wichita, Kansas Housing Market Summary

Wichita, Kansas started 2023 with a total of 430 single-family homes on the market, with a median home price of $296,750 and an average price per square foot of $150. By the end of the year, inventory had increased to 632 homes on the market (+46%), with a median home price of $298,200 (+0%) and an average price per square foot of $153 (+2%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.

Wichita started the year with 27% 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 33% of Wichita homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Wichita started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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