Is the Topeka, KS real estate market slowing downβ¦ or heating up? π€
If you’re buying or selling in Topeka, KS, Overland Park, Lawrence, KS, or the Kansas City Metro (KS side)βthe latest data might surprise you π
π‘ Median home price in Shawnee County: $244,500
β¬οΈ Up 8.7% month-over-month
β¬οΈ Up 17.1% year-over-year
π Median home size: 1,857 sq ft
π° $127 per sq ft (up 4.4% YoY)
β± Homes selling FAST
β’ 43 median days on market
β’ Compared to 70 days nationally
π Inventory is rising
β’ 156 new listings (β¬οΈ 20% YoY)
π‘ What this means for Topeka, Overland Park, Lawrence, KS & surrounding areas:
βοΈ Prices are rising
βοΈ More homes = more choices
βοΈ BUT buyers still face competition
π Bigger Picture:
β’ Topeka Metro: $270K
β’ Kansas: $289,950
β’ U.S.: $403,450
π Topeka is STILL one of the most affordable markets in the region
π₯ Our Take β Team Wiseman (Top 2% in Kansas):
This is a sweet spot marketβmore opportunity, but strategy matters more than ever.
βοΈ Prequalified buyers are winning
βοΈ Fast decisions are key
βοΈ The right team makes the difference
π² Contact Team Wiseman today at 785-249-5027 or visit
π www.teamwisemanrealestate.com
The Topeka housing market is showing strong upward momentum. Median home prices in Shawnee County have reached $244,500, increasing both month-over-month and year-over-year. Homes are also selling faster than the national average, showing continued demand across Topeka, Overland Park, Lawrence, KS, and surrounding areas.
π Is Topeka still an affordable place to buy a home?
YesβTopeka remains one of the most affordable real estate markets compared to both Kansas and national averages. With a metro median price of $270,000 versus $403,450 nationally, buyers are finding strong value, especially in surrounding areas like Lawrence, KS and the Kansas City Metro (KS side).
β± Are homes selling fast in Topeka right now?
Absolutely. Homes in Topeka are averaging just 43 days on market, significantly faster than the national average of 70 days. This indicates strong buyer demand, even as inventory increases.
π Is now a good time to buy or sell in Topeka, KS?
Yesβbut strategy matters.
Buyers benefit from increased inventory and more options, while sellers are still seeing rising prices and strong demand. The most successful clients are:
βοΈ Prequalified
βοΈ Ready to act quickly
βοΈ Working with experienced teams like Team Wiseman
πΌ Why work with Team Wiseman in Topeka, KS?
Led by Michael Wiseman, Team Wiseman is a Top 2% real estate team in Kansas, expanding into the Missouri market. We provide:
βοΈ Real-time market insights beyond surface trends
βοΈ Local expertise across Topeka, Overland Park, and Lawrence, KS
βοΈ Proven strategies to win in competitive markets