Shawnee County Home Sales Rose in January

Total home sales in Shawnee County rose by 11.5% last month to 146 units, compared to 131 units in January 2023. Total sales volume was $29.2 million, up 31.7% from a year earlier.

The median sale price in January was $179,450, up from $147,000 a year earlier. Homes that sold in January were typically on the market for 14 days and sold for 100.0% of their list prices.

Shawnee County Active Listings Up at End of January

The total number of active listings in Shawnee County at the end of January was 157 units, up from 106 at the same point in 2023. This represents a 0.8 months' supply of homes available for sale. The median list price of homes on the market at the end of January was $249,000.

During January, a total of 155 contracts were written down from 166 in January 2023. At the end of the month, there were 161 contracts still pending.

Shawnee County Home Sales Rose in December

Total home sales in Shawnee County rose by 3.3% last month to 156 units, compared to 151 units in December 2022. Total sales volume was $31.6 million, up 13.7% from a year earlier.

The median sale price in December was $193,375, up from $150,000 a year earlier. Homes that sold in December were typically on the market for 16 days and sold for 100.0% of their list prices.

Shawnee County Active Listings Up at End of December 

The total number of active listings in Shawnee County at the end of December was 187 units, up from 149 at the same point in 2022. This represents a 1.0 months' supply of homes available for sale. The median list price of homes on the market at the end of December was $217,500.

During December, a total of 141 contracts were written up from 133 in December 2022. At the end of the month, there were 139 contracts still pending.

Shawnee County Home Sales Fell in October

Total home sales in Shawnee County fell last month to 181 units, compared to 187 units in October 2022. Total sales volume was $41.4 million, up from a year earlier.

The median sale price in October was $200,000, up from $172,000 a year earlier. Homes that sold in October were typically on the market for 6 days and sold for 100.0% of their list prices.

Shawnee County Active Listings Up at End of October 

The total number of active listings in Shawnee County at the end of October was 244 units, up from 191 at the same point in 2022. This represents a 1.3 months' supply of homes available for sale. The median list price of homes on the market at the end of October was $215,000.

During October, a total of 169 contracts were written down from 179 in October 2022. At the end of the month, there were 166 contracts still pending.

Shawnee County Home Sales Fell in September

Total home sales in Shawnee County fell last month to 210 units, compared to 232 units in September 2022. Total sales volume was $41.8 million, down from a year earlier.

The median sale price in September was $170,000, down from $178,006 a year earlier. Homes that sold in September were typically on the market for 4 days and sold for 100.0% of their list prices.

Shawnee County Active Listings Up at End of September

The total number of active listings in Shawnee County at the end of September was 214 units, up from 149 at the same point in 2022. This represents a 1.2 months' supply of homes available for sale. The median list price of homes on the market at the end of September was $239,950.

During September, a total of 184 contracts were written up from 160 in September 2022. At the end of the month, there were 192 contracts still pending.

Shawnee County Home Sales Fell in August

Total home sales in Shawnee County fell last month to 210 units, compared to 244 units in August 2022. Total sales volume was $49.5 million, up from a year earlier.

The median sale price in August was $199,850, up from $180,000 a year earlier. Homes that sold in August were typically on the market for 4 days and sold for 100.0% of their list prices.

Shawnee County Active Listings Up at End of August

The total number of active listings in Shawnee County at the end of August was 199 units, up from 105 at the same point in 2022. This represents a 1.1 months' supply of homes available for sale. The median list price of homes on the market at the end of August was $249,925.

During August, a total of 197 contracts were written down from 233 in August 2022. At the end of the month, there were 209 contracts still pending.

Topeka, KS, one of the real estate market areas served by members of the Sunflower Association of REALTORS®, Inc. was ranked No. 7 on the Summer 2023 Emerging Housing Markets Index issued jointly today by The Wall Street Journal and Realtor.com®. This is the 2nd time that Topeka has been on the WSJ “emerging market” list in 2023 and the 4th time since October of 2021.

According to information published by The Wall St. Journal and Realtor.com®, “the Index analyzes key housing market data, as well as economic vitality and lifestyle metrics, to surface emerging housing markets that offer a high quality of life and are expected to see future home price appreciation.” Joining Topeka on The Top 10 Emerging Housing Markets for summer 2023 are:

1. Lafayette-West Lafayette, Ind.
2. Fort Wayne, Ind.
3. Elkhart-Goshen, Ind.
4. Bloomington, Ill.
5. Sioux City, Iowa-Neb.-S.D.
6. Columbus, Ohio
7. Topeka, Kan.
8. Johnson City, Tenn.
9. South Bend-Mishawaka, Ind.
10. Kingsport-Bristol-Bristol, Tenn.-Va.

The analysis highlighted the following key trends shared among markets on the list.

Emerging markets offer lower cost of living - Home prices have begun to ease nationally, falling 0.9% in June. However, the cost of purchasing a home continues to strain many buyers. Similar to previous quarters, Summer 2023’s emerging markets continue to lean heavily on affordability. Home list prices in all but four of the top 20 markets are lower than the median-priced U.S. home for sale, which was $445,000 in June.

- Sustained demand drives high price growth, quick market pace - The median price of the typical home for sale is just slightly lower than last June. While the national market has slowed, this quarter’s emerging markets have continued to attract attention due to their affordability and desirability, which has kept price growth strong. The average increase in listing price was 25% among the top 20 markets compared to 8.9% nationally for the 12 months ending in June 2023.

- Mid-sized markets with strong employment and convenient commutes – The job market has remained near recent unemployment lows, notching 3.6% unemployment in June. Remarkably, the emerging markets have even better employment trends, with an average unemployment rate of just 2.9% in May. Only three of the top 20 markets had an unemployment rate above the 300-market average (3.5%).

- Affordability attracts out-of-market shoppers - The real estate markets on this list tend to be smaller, more affordable destinations in the Midwest with strong job markets. Those lower prices have proven to be a strong draw for out-of-towners.

According to the jointly issued report, the index methodology looks at:

The ranking evaluates the 300 most populous core-based statistical areas, as measured by the U.S. Census Bureau, and defined by March 2020 delineation standards for eight indicators across two broad categories: real estate market (50%) and economic health and quality of life (50%). Each market is ranked on a scale of 0 to 100 according to the category indicators, and the overall index is based on the weighted sum of these rankings. The real estate market category indicators are: real estate demand (16.6%), based on average pageviews per property; real estate supply (16.6%), based on median days on market for real estate listings, median listing price trend (16.6%). The economic and quality of life category indicators are: unemployment (6.25%); wages (6.251%); regional price parities (6.25%); the share of foreign born (6.25%); small businesses (6.25%); amenities (6.25%), measured as the average number of stores per specific “everyday splurge” category (coffee, upscale/specialty grocery, home improvement, fitness) per capita in an area; commute (6.25%); and estimated effective real estate taxes (6.25%).

Release issued by WSJ-Realtor.com: https://www.dowjones.com/press-room/the-wall-street-journaland-realtor-com-release-summer-2023-emerging-housing-markets-index-report/

Total home sales in Shawnee County fell last month to 243 units, compared to 264 units in June 2022. Total sales volume was $55.8 million, down from a year earlier.

The median sale price in June was $210,000, up from $200,850 a year earlier. Homes that sold in June were typically on the market for 3 days and sold for 100.0% of their list prices.
Shawnee County Active Listings Up at End of June

The total number of active listings in Shawnee County at the end of June was 157 units, up from 137 at the same point in 2022. This represents a 0.8 months' supply of homes available for sale. The median list price of homes on the market at the end of June was $300,000.

During June, a total of 204 contracts were written down from 260 in June 2022. At the end of the month, there were 213 contracts still pending.

Shawnee County Home Sales Fell in May

Total home sales in Shawnee County fell last month to 205 units, compared to 239 units in May 2022. Total sales volume was $45.6 million, down from a year earlier.

The median sale price in May was $187,000, down from $198,500 a year earlier. Homes that sold in May were typically on the market for 3 days and sold for 100.0% of their list prices.

Shawnee County Active Listings Up at End of May

The total number of active listings in Shawnee County at the end of May was 123 units, up from 105 at the same point in 2022. This represents a 0.6 months' supply of homes available for sale.

The median list price of homes on the market at the end of May was $309,777. During May, a total of 216 contracts were written down from 253 in May 2022. At the end of the month, there were 243 contracts still pending.