Is now a good time to buy land in the Kansas area?
the Kansas area is currently a strong buyer's market with 27.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
27.8 months of supply
High inventory favors buyers with more choices and negotiating power.
Kansas does not make land sale prices public, so sold prices are not shown here. Sales counts, days on market and months of supply are still real.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Norcatur, Kansas | ||||||
the Kansas area is currently a strong buyer's market with 27.8 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Kansas area currently has 27.8 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in the Kansas area is 3.6%. The 12-month rate is 3.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in the Kansas area is 3.6% (3-month basis), indicating slow demand. The top-performing broker in this market is Crown Realty.
Over the past 12 months, the Kansas area saw 1,428 properties sold. In just the last 3 months, 336 properties changed hands.
Land in the Kansas area typically sells within 127 days of listing. The median time on market is 51 days. Properties are moving slowly in the current strong buyer's market.
There are currently 3,119 active listings in the Kansas area. 1,001 new listings have hit the market in the last 90 days. The median asking price is $101K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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