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October Home Sales Down, Prices Up

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By Lucky Kidd

 

Home sales during October in the Mid-Kansas area declined by 22.1 percent from a year ago. Prairie Land Realtors reports 95 homes were sold in their area last month through their Mid-Kansas Multiple Listing Service. The median sales price region-wide at $159,000 was up 13.6 percent from a year ago, with homes sold during the month typically on the market for 16 days and selling at list price.

As of October 31st, there were 258 active listings, or about a 2.1-month inventory. 108 contracts were written during October, unchanged from a year ago, and as of month’s end there were 134 contracts still pending. Median price of the homes on the market region-wide was $175,000.

Mid Kansas MLS also released specific data for three regions in their area. In Reno County, 44 homes sold, down 36.2 percent from 2022. The median sales price of $157,500 was up 21.2 percent from October, 2022, with homes selling on the market for a median 13 days. At month’s end there were 108 active listings, or a 1.7-month supply.

In the McPherson area, which includes MLS sales in Marion County, 23 homes hold, off 11.5 percent from last year. The median sales price of $176,500 was up 2.9 percent, with homes on the market a median 12 days. There were 49 active listings as of October 31st, or a 1.6-month inventory.

The Pratt area, which also includes sales in Barber County, nine homes sold with a median sales price of $123,500. Homes sold were down ten percent, the median price was up 1.6 percent, and a median 23 days on the market. The Pratt area had 48 homes on the market as of the end of October, or a just over five-month supply.