How is Shawnee County’s actual property market? Dwelling costs rose 12.6% 12 months over 12 months

Dwelling gross sales in Kansas are anticipated to drop barely subsequent 12 months, 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 residence 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 12 months earlier. A complete of 253 homes have been bought county-wide through the month of July. Throughout the identical interval a 12 months earlier, 250 single-family properties have been bought.

Actual property gross sales can take weeks or months to be recorded and picked up. That is the newest information made obtainable via 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% enhance year-over-year. In Shawnee County, seven have been bought, up 40% from a 12 months earlier.

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

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

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

The highest 10% of the properties bought had costs of no less than $356,250, up 11.3% from a 12 months earlier than.

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

The median residence sale worth — the halfway level of all the homes or items bought over a time period — is used on this report as a substitute of the typical residence sale worth as a result of consultants say the median gives 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 residence bought for the next worth than final 12 months

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