Kansas Real Estate Market May 2022: Forecasts + Trends

Kansas real estate trends (May 2022)

How is the real estate market in Kansas?
🏠 Average home value: $214,970	📈 0.47% home value increase month over month
💰 Median sale price: $325,100	⏳ 50 days on the market
🔑 Homes on the market: 5,092	📆 1.2 months of housing inventory
🏦 30-year mortgage rate: 5.60000%	💵 Average income: 61091
State of the market: A-
The real estate market in Kansas remains hot. However, home values are leveling off, and inventory is growing — which may ultimately cause the trend to slow down.
_{Data last updated May 2022}*

When The Wizard of Oz's Dorothy closed her eyes and said, "There's no place like home," Kansas was on her mind. Today, the iconic line is true for the state's nearly three million residents.

The Sunflower State boasts fertile farmland, so it's no surprise that its main industries include agriculture and food processing. With hot summers and snowy winters, residents experience a full range of seasons.

If you're thinking of buying or selling in Kansas, these Kansas housing predictions and stats can help you make an informed decision.

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Selling a home in Kansas

Kansas real estate market forecast for sellers
⏰ Homes are selling 4 days slower than the annual average	💰 Homes are selling for $29,676 more than the annual average
💸 Average listing commission: 2.96%	💸 Average buyer's commission: 2.70%

How to sell a home in Kansas

Cost to sell a home in Kansas

Buying a home in Kansas

How much home you can buy with $300,000 in...
🏠 Wichita: 2,239 sq ft	🏡 Lawrence: 1,724 sq ft
🏡 Topeka: 2,609 sq ft	🏠 Manhattan: 2,679 sq ft

Investing in Kansas real estate

Best of Kansas

Each month, we compare locations in Kansas based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Kansas
1. Johnson County
2. Hamilton County
3. Morton County
4. Greeley County
5. Gray County

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Worst of Kansas

Each month, we compare locations in Kansas based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Kansas
1. Chautauqua County
2. Montgomery County
3. Elk County
4. Neosho County
5. Linn County

Kansas resources

Frequently asked questions about Kansas real estate

Currently, it is a seller’s market in Kansas. A spike in demand and limited inventory are pushing sales prices up in the state. However, each particular city and town has its own trends, so check in with a local real estate agent to understand the market in your area.

Yes, investing in Kansas real estate is a good choice, especially in a city like Kansas City, where there's always a demand for housing. However, to maximize your investment, you will first need to do research on the best neighborhoods and create a property management plan. Learn more in our guide to investing in real estate.

For most people, now might not be an ideal time to buy real estate in Kansas. Listing prices and mortgage rates in the state are higher than average. However, if you’re still determined to buy a new house, then you should work with a real estate agent to give you a better chance of getting a good deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

Kansas Real Estate Market in 2022: Forecasts + Trends