Is Gorham, KS 67640 a buyer’s or seller’s market?
Gorham is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Gorham housing market right now
In the three months ending August 31, 2026, 0% of homes in Gorham, KS 67640 sold above their list price, the typical home went under contract in 264 days and there were 4.8 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. With only 2 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 (18 days then) and the median sale price rose 208% to $279,829. Overall, Gorham is less competitive than a year ago, which gives buyers more room.
Within Ellis County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Run the numbers for 67640
Nearby markets
Ellis 67637Buyer’s market $92 /sq ftHays 67601Seller’s market $133 /sq ftSchoenchen 67667 $117 /sq ftVictoria 67671Balanced $176 /sq ft Browse all markets →Where Gorham is
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Questions about Gorham real estate
Is Gorham a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Gorham, KS 67640 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 Gorham?
The typical home went under contract in 264 days in the latest three months.
Do homes in Gorham sell over asking?
0% of homes sold above their original list price.
What are property taxes in Gorham?
About 1.24% of a home’s value a year in Ellis County, or roughly $4,960 on a $400,000 home.
What is the median home price in Gorham?
The median sale price was $279,829 in the three months ending August 31, 2026, about $131 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