SCKMLS Home Sales Figures for Jan 2024

Home sales in South Central Kansas fell by 2.6% in January compared to the prior year. Sales in January 2024 totaled 517 units, down from 531 in 2023.

Among existing homes, 477 units sold in January, a decrease of 0.8% from 481 units that sold in 2023. The average sale price of existing homes was $214,933. This represents an increase of 11.2% from the January 2023 average price of $193,294.

For new construction, 40 sales occurred in January, down from 50 units the prior year, a decrease of 20.0%. The average sale price of new homes in January was $388,171, up 8.2% from the same period last year.

A total of 606 contracts for sale were written in January 2024, down from 663 in January 2023. This is a decrease of 8.6%. Contracts written during the month reflect, in part, sales that are set to close in the near future.

The inventory of active listings in South Central Kansas stood at 1,321 units at the end of January, which is up from 1,080 homes that were on the market at the end of January last year. At the current rate of sales, this figure represents 1.7 months’ supply of homes on the market.

Prepared courtesy of the Kansas Association of REALTORS® using data from the South Central Kansas MLS®. Provided by the WSU Center for Real Estate www.wichita.edu/realestate