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Is Effingham, KS 66023 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Effingham is a seller’s market. With about 1.8 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.5%Sold price ÷ list price
Median days on market18Listing to accepted offer
Median price per sq ft$102▲ +23.5% vs. last year

The Effingham housing market right now

In the three months ending August 31, 2026, 0% of homes in Effingham, KS 66023 sold above their list price, the typical home went under contract in 18 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (156 days then) and the median sale price rose 15% to $109,952. Overall, Effingham is more competitive than a year ago, so tougher for buyers.

Run the numbers for 66023

Prefilled for 66023Can I win this house?Multiple-offer likelihood for a listing Prefilled for 66023Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Atchison 66002Seller’s market $125 /sq ftMuscotah 66058 — /sq ft Browse all markets →

Towns like Effingham nearby

Find towns like Effingham in other states →
Oregon, MO64473 · 35 miles away66% similarpricier homes ($26K more) · younger residents Troy, KS66087 · 23 miles away62% similarlarger · younger residents Mayetta, KS66509 · 20 miles away56% similarpricier homes ($79K more) · larger Horton, KS66439 · 13 miles away52% similarlarger · younger residents

Where Effingham is

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Questions about Effingham real estate

Is Effingham a buyer’s or seller’s market?

A seller’s market: there were 1.8 months of supply in Effingham, KS 66023 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Effingham?

The typical home went under contract in 18 days in the latest three months.

Do homes in Effingham sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.

What are property taxes in Effingham?

About 1.32% of a home’s value a year in Atchison County, or roughly $5,280 on a $400,000 home.

What is the median home price in Effingham?

The median sale price was $109,952 in the three months ending August 31, 2026, about $102 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology