Market Overview
The Greater Wichita real estate market started 2026 with increased sales activity despite a modest price adjustment. January saw 355 homes sold in Wichita—a significant 15.3% increase from the 308 homes sold in January 2025. This surge in transaction volume signals strong buyer demand as mortgage rates hit their lowest point in three years.
While median prices dipped 4.8%, this reflects a shift in the mix of homes sold rather than declining values. The sale-to-list ratio of 99.0% shows buyers are paying near asking price, and the 15.3% increase in transactions indicates robust market health. Homes priced correctly are moving quickly—hot homes go pending in just 10 days.
Neighborhood Analysis
Wichita
Metro CenterDerby
South SuburbAndover
East SuburbMedian Price Comparison by Area
Price Trends & Analysis
12-Month Price Trend
Days on Market Trend
Year-over-Year Comparison
January 2026 vs January 2025| Metric | Jan 2025 | Jan 2026 | Change |
|---|---|---|---|
| Homes Sold (Wichita) | 308 | 355 | +15.3% |
| Median Price (Wichita) | $219,528 | $209,000 | -4.8% |
| Median Price (Derby) | $240,617 | $304,500 | +26.6% |
| Median Price (Andover) | $325,022 | $365,000 | +12.3% |
| Days on Market (Wichita) | 31 days | 34 days | +3 days |
| 30-Year Mortgage Rate | 6.69% | 6.13% | -0.56 pts |
Economic Indicators
Kansas Employment Overview
Key Sectors (December 2025)
Mortgage Rate Environment
Mortgage rates have fallen to their lowest level in 3 years. The current 30-year fixed rate of 6.13% is down from 6.69% one year ago. Economists expect rates to remain in the 6.0%-6.5% range through 2026, creating a favorable buying environment.
Affordability Analysis
Monthly payment estimates based on 20% down, 30-year fixed at 6.13%
| Area | Median Price | Down Payment (20%) | Loan Amount | Est. Monthly P&I |
|---|---|---|---|---|
| Wichita | $209,000 | $41,800 | $167,200 | $1,016 |
| Derby | $304,500 | $60,900 | $243,600 | $1,480 |
| Andover | $365,000 | $73,000 | $292,000 | $1,774 |
| National Median | $427,000 | $85,400 | $341,600 | $2,076 |
💰 Value Highlight: Wichita's median home price is 51% below the national average, offering significant affordability advantages while maintaining strong quality of life metrics.
Migration & Relocation Trends
Moving TO Wichita
InboundTop metros searching for homes in Wichita (Q4 2025)
Moving FROM Wichita
OutboundTop destinations for Wichita homebuyers (Q4 2025)
Wichita continues to attract buyers from high-cost coastal metros, particularly Seattle, Los Angeles, and San Francisco. These buyers are drawn by Wichita's affordability—where the median home costs just 49% of the national average. The primary outbound destination remains Kansas City, typically reflecting career moves to the larger metro area.
Market Outlook & Forecast
2026 Forecast Summary
✅ For Sellers
This remains a seller's market with low inventory keeping competition strong. Price your home competitively and expect serious buyers. Derby is particularly hot with prices up 26.6%—if you're considering selling in Derby, now is an excellent time.
🏠 For Buyers
With mortgage rates at a 3-year low and increased inventory coming in spring, conditions are improving. Get pre-approved now to be ready when the right property appears. In Wichita, the slight price dip creates opportunities—homes are selling at 99% of list price, so come prepared to act quickly.
📈 For Investors
Wichita's affordability (51% below national median) combined with strong rental demand makes it attractive for investment. The 3.8% unemployment rate and growing financial sector indicate economic stability. Focus on areas with good schools and employment access.
Ready to Make Your Move?
Whether you're buying your first home, upgrading, or investing in the Wichita market, I'm here to guide you through every step.