Strength 4 / 5
6.3 mo
Lawrence supply now 6.3 months — buyer's market
Six-plus months of supply in Lawrence — this is a buyer's market by the textbook definition.
Source: Redfin, city figures, Jul–Sep 2026
Markets › Kansas
Kansas housing market
In the Sunflower State, part of the Census Bureau's West North Central division, Pecan Street tracks four markets. Median sale prices run from $226K in Topeka to $341K in Lawrence over Jul–Sep 2026. All four are higher than a year earlier, led by Lawrence (+11.7%).
Homes sit longest in Manhattan (57 median days on market) and sell fastest in Lawrence (43 days). The share of active listings with a price cut runs from 29% in Wichita to 44% in Topeka. Price-to-rent ratios run from about 12 in Topeka to 16 in Lawrence, measured as years of HUD Fair Market Rent per median sale price. Among the 383 U.S. metros Pecan Street tracks, the Lawrence metro has the 12th-fastest year-over-year price growth and the Topeka metro the 35th-fewest median days on market. Kansas's unemployment rate was 3.8% in Sep 2026 (BLS via FRED), below the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Lawrence | $341K | +11.7% | 43 | 42% | ≈ 16 |
| Manhattan | $277K | +0.3% | 57 | 33% | ≈ 15 |
| Topeka | $226K | +8.0% | 43 | 44% | ≈ 12 |
| Wichita | $256K | +0.6% | 54 | 29% | ≈ 15 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.