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.
Markets › Kansas
Kansas housing market
In the Sunflower State, part of the Census Bureau's West North Central division, Pecan Street tracks two markets. Median sale prices run from $226K in Topeka to $256K in Wichita as of Sep 2026. Both are higher than a year earlier, led by Topeka (+8.0%).
Homes sit longest in Wichita (51 median days on market) and sell fastest in Topeka (39 days). The share of active listings with a price cut runs from 36% in Wichita to 48% in Topeka. Price-to-rent ratios run from about 12 in Topeka to 15 in Wichita, measured as years of HUD Fair Market Rent per median sale price. Among the 193 U.S. metros Pecan Street tracks, the Topeka metro has the 8th-fastest year-over-year price growth. Kansas's unemployment rate was 3.8% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Topeka | $226K | +8.0% | 39 | 48% | ≈ 12 |
| Wichita | $256K | +0.6% | 51 | 36% | ≈ 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.