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Is Riley, KS 66531 a buyer’s or seller’s market?

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

Riley is a seller’s market. With about 2.7 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 supply2.7Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market10Listing to accepted offer
Median price per sq ft$144▼ −1.3% vs. last year

The Riley housing market right now

In the three months ending August 31, 2026, 0% of homes in Riley, KS 66531 sold above their list price, the typical home went under contract in 10 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 (57 days then) and the median sale price rose 104% to $260,887. Overall, Riley is more competitive than a year ago, so tougher for buyers.

Within Riley County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 66531

Prefilled for 66531Can I win this house?Multiple-offer likelihood for a listing Prefilled for 66531Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Leonardville 66449 — /sq ftManhattan 66502Seller’s market $153 /sq ftManhattan 66503Seller’s market $153 /sq ftOgden 66517Seller’s market $152 /sq ft Browse all markets →

Towns like Riley nearby

Find towns like Riley in other states →
Chapman, KS67431 · 25 miles away89% similarlarger · more renters Solomon, KS67480 · 39 miles away85% similarVery close on income, prices and more Wakefield, KS67487 · 12 miles away84% similar7 min longer commute Frankfort, KS66427 · 34 miles away78% similarcheaper homes ($54K less) · older residents

Where Riley is

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Questions about Riley real estate

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

A seller’s market: there were 2.7 months of supply in Riley, KS 66531 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 Riley?

The typical home went under contract in 10 days in the latest three months.

Do homes in Riley sell over asking?

0% of homes sold above their original list price.

What are property taxes in Riley?

About 1.46% of a home’s value a year in Riley County, or roughly $5,840 on a $400,000 home.

What is the median home price in Riley?

The median sale price was $260,887 in the three months ending August 31, 2026, about $144 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