How is Shawnee County’s actual property market? Dwelling costs rose 12.6% yr over yr

Dwelling gross sales in Kansas are anticipated to drop barely subsequent yr, in accordance with a publication launched Friday by the Wichita State College Middle for Actual Property.

The median gross sales worth for a single-family house in Shawnee County throughout July was $192,500. That is a rise of 12.6% in contrast with July 2020, in accordance with information from Realtor.com.

The variety of homes bought rose by 1.2% from a yr earlier. A complete of 253 homes had been bought county-wide through the month of July. Throughout the identical interval a yr earlier, 250 single-family properties had been bought.

Actual property gross sales can take weeks or months to be recorded and picked up. That is the most recent information made obtainable by the Nationwide Affiliation of Realtors to the USA TODAY Community.

Condominiums and city properties bought in July had a median gross sales worth of $158,750. That determine represents a 126.6% improve year-over-year. In Shawnee County, seven had been bought, up 40% from a yr earlier.

Extra: Topeka actual property values rising as quick as ever, report says. Native Realtor factors to pandemic impact.

How sizzling is Shawnee County’s actual property market in Kansas?

Data in your native housing markets is on the market by the USA TODAY Community, with extra information from the Nationwide Affiliation of Realtors.

The highest 10% of the properties bought had costs of not less than $356,250, up 11.3% from a yr earlier than.

In July, three properties bought for $1 million or extra: three single-family properties.

The median house sale worth — the halfway level of all the homes or models bought over a time frame — is used on this report as a substitute of the typical house sale worth as a result of specialists say the median presents a extra correct view of what is taking place in a market.

Find the typical worth, all costs of properties bought are added after which divided by the variety of properties bought. This measure might be skewed by one low or excessive worth.

Extra: See the database, maps and extra on Shawnee County actual property

The USA TODAY Community is publishing localized variations of this story on its information websites throughout the nation, generated with information from the Nationwide Affiliation of Realtors at Realtor.com. The story was written by Sean Lahman.

This text initially appeared on Topeka Capital-Journal: Shawnee County’s common house bought for the next worth than final yr

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