Is Wichita, KS 67223 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Wichita is a balanced market. With about 5.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.8Under 4 months = seller’s market
Sold above original list18.2%Share of sales, last 3 months
Median sale-to-list99.7%Sold price ÷ list price
Median days on market106Listing to accepted offer
Median price per sq ft$155▲ +3.7% vs. last year

The Wichita housing market right now

In the three months ending August 31, 2026, 18% of homes in Wichita, KS 67223 sold above their list price, the typical home went under contract in 106 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 11 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (64 days then) and the median sale price fell 7% to $214,907. Overall, Wichita is less competitive than a year ago, which gives buyers more room.

Within Sedgwick County, homes here sell more slowly than in 97% of the county’s ZIP codes, and sell less often over asking than in 78%.

Nearby, buyers who want less competition could look at Wichita 67202 (0% sold over asking) or Mount Hope 67108 (0% sold over asking), while Andale 67001 (60% sold over asking) and Wichita 67217 (39% sold over asking) are even more competitive.

Nearby markets

Andale 67001Seller’s market $178 /sq ftBentley 67016 $113 /sq ftCheney 67025Seller’s market $127 /sq ftClearwater 67026Seller’s market $129 /sq ft Browse all markets →

Where Wichita is

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Questions about Wichita real estate

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

A balanced market: there were 5.8 months of supply in Wichita, KS 67223 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 Wichita?

The typical home went under contract in 106 days in the latest three months.

Do homes in Wichita sell over asking?

18% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.

What are property taxes in Wichita?

About 1.21% of a home’s value a year in Sedgwick County, or roughly $4,840 on a $400,000 home.

What is the median home price in Wichita?

The median sale price was $214,907 in the three months ending August 31, 2026, about $155 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