BY LINDSAY SMITH/The Wichita Eagle
Wichita home sale prices increased the most out of the largest U.S. metro areas, according to a SmartAsset ranking.
The company ranked the largest 100 metro areas by one-year price increases from Zillow’s home sale price data. Wichita ranked first, right above Toledo, Ohio.
Wichita saw a 21.2% price change in the last year, according to the banking company. Wichita’s current average sale price in April was $259,264, while in April of last year it was $213,955.
SmartAsset reports that home sale prices in Wichita have increased more than 69% since 2019, when the average price was $153,347, according to Zillow data.
WHAT IS THE CURRENT STATE OF SOUTH CENTRAL KANSAS REAL ESTATE?
According to another source, the median sale price in south-central Kansas actually went down this year compared to last. The Realtors of South Central Kansas reported the median sale price as $218,000 this May, compared to $220,000 last year.
Meanwhile, the median active listing price sat at $310,000 last year and was a reported $313,000 this May.
There were 1,077 new listings this May and 872 contracts written, compared to 988 new listings last May with 901 contracts written.
The Realtors of South Central Kansas MLS includes data from Sedgwick, Butler, Harvey, Cowley and Sumner counties. U.S.
METROS WHERE HOME PRICES INCREASED THE MOST
Here are the 10 metro areas in the United State’s where home sale prices increased the most from April 2023 to April 2024, according to SmartAsset:
1. Wichita
2. Toledo, Ohio
3. Madison, Wisconsin
4. San Jose, California
5. New Haven, Connecticut
6. Miami, Florida
7. Buffalo, New York
8.Grand Rapids, Michigan
9. Harrisburg, Pennsylvania
10. Charleston, South Carolina
This article was republished here with the permission of: The Wichita Eagle