Wichita, KS Housing Market Report

The Wichita housing market entering December 2025 is characterized by a transition toward a more balanced environment, though it still retains a slight edge for sellers due to its high sale-to-list ratio of 1. With a median home value of $195,675, Wichita remains one of the most affordable mid-sized metro areas in the country. While active inventory has grown by 6.66% year-over-year to 2,097 units, the market is absorbing this supply steadily, preventing any significant downward pressure on pricing.

Price trends over the last six months show a consistent, incremental climb, moving from $192,737 in July to $195,675 in December. This steady appreciation suggests a healthy demand for entry-level and mid-tier housing, even as the broader national market faces fluctuating interest rates. The rental market is notably more aggressive, with median rents rising 4.59% year-over-year to $1,099. This disparity between modest home value growth and faster rent appreciation may encourage more long-term renters to consider a transition into homeownership to lock in housing costs.

Looking ahead, the increase in days on market to 61 days—a six-day increase from last year—indicates that buyers are becoming more selective and taking more time to conduct due diligence. Sellers should expect longer wait times and must ensure their properties are priced accurately to the current market to achieve a full-price sale. For buyers, the combination of rising inventory and a stable sale-to-list ratio provides a window of opportunity to negotiate without the frantic bidding wars seen in previous years, though the consistent monthly price increases suggest that waiting too long may result in higher entry costs.