Is Alma, KS 66401 a buyer’s or seller’s market?
Alma is a seller’s market. With about 0.5 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.
The Alma housing market right now
In the three months ending August 31, 2026, 0% of homes in Alma, KS 66401 sold above their list price, the typical home went under contract in 62 days and there were 0.5 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 more slowly (32 days then) and the median sale price rose 13% to $276,880. Overall, Alma is less competitive than a year ago, which gives buyers more room.
Within Wabaunsee County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Alta Vista 66834 (100% sold over asking) is even more competitive.
Run the numbers for 66401
Nearby markets
Alta Vista 66834Seller’s market $85 /sq ftEskridge 66423Seller’s market $71 /sq ftHarveyville 66431Seller’s market $119 /sq ftMaple Hill 66507Buyer’s market $172 /sq ft Browse all markets →Towns like Alma nearby
Find towns like Alma in other states →Where Alma is
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Questions about Alma real estate
Is Alma a buyer’s or seller’s market?
A seller’s market: there were 0.5 months of supply in Alma, KS 66401 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 Alma?
The typical home went under contract in 62 days in the latest three months.
Do homes in Alma sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.8% of the list price.
What are property taxes in Alma?
About 1.28% of a home’s value a year in Wabaunsee County, or roughly $5,120 on a $400,000 home.
What is the median home price in Alma?
The median sale price was $276,880 in the three months ending August 31, 2026, about $176 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