Decline in Real Estate Prices in Shawnee County: Market Remains Dynamic

In September, the median listing price for houses in Shawnee County was $234,950, a decrease of 3.1% compared to the previous month. Compared to September 2023, this represents a decline of 2.1%. This listing price exclusively pertains to houses in Shawnee County that are for sale and does not include sold properties. For detailed information on the local real estate market, one can consult the data source data.cjonline.com. The median price per square meter for an average house with 1,904 square meters increased by 1.2% compared to September 2023 and was $120 per square meter. A dynamic market characterizes Shawnee County with a median of 36 days on the market, while the national median in September was 55 days. The number of newly listed houses remained identical at 208 properties compared to the previous year. These price details from Realtor.com primarily refer to single-family homes and condominiums, excluding most new constructions as well as pending and contingent sales. The general price increase is also reflected in the Topeka metropolitan area, where the median price fell to $245,550, with a price per square meter of $125. Across the state of Kansas, house prices slightly decreased to $297,699, while the national price level was $425,000—each with slight decreases compared to the previous month. These prices represent the median, which is considered more representative of market trends due to its robustness compared to the average price, which could be skewed by extremely high or low values. These analyses are published locally as part of the USA TODAY Network, based on data from Realtor.com. Feedback and corrections to this article can be left here. The article is authored by Ozge Terzioglu.