Top Mega Teams in Wichita, Kansas – Ranked by Volume

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Rank – City VolumeTeam NameCompanyLocationVolumeProfile
1Urban Cool HomesLPT RealtyWichita, KS$111,760,504View Profile
2The Roy GroupKeller Williams Hometown PartnersWichita, KS$110,386,078View Profile
4The Roy GroupKeller WilliamsWichita, KS$57,647,853View Profile

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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.

Housing Market News

Lower mortgage rates attracting more homebuyers 

Sep 16, 2024By

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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