May 22, 2024


We Do Fine Home

Salina-area home prices rise 28.9% in April, with houses for sale in high demand

Two homes in the Stone Lake addition are in the process of being built. Single-family dwellings like these are filling some of the need in the Salina community that is facing a shortage of housing.

Two residences in the Stone Lake addition are in the process of staying crafted. Single-family members dwellings like these are filling some of the have to have in the Salina neighborhood that is experiencing a shortage of housing.

A common Saline County property mentioned for $119,900 in April, up 28.9% from a thirty day period previously, an analysis of info from demonstrates.

The median record house cost in April was down about 6% from April 2021. Saline County’s median residence was 1,167 square toes for a mentioned value of $100 for each sq. foot.

The Saline County market place was hectic, with a median 38 days on market place. A month earlier, households experienced a median 49 days on industry. The current market included 104 new home listings in April, compared with the 40 additional in April 2021. The sector ended the month with some 56 listings of residences for sale.

Much more: Cellular properties are a distinctive piece to Salina’s housing crisis puzzle

Information and facts on your area housing market place is obtainable by means of the Usa Today Community, with far more information from Real estate

Throughout all of Kansas, median household price ranges ended up $248,500, mounting 4.9% from a thirty day period before. The median Kansas home for sale had 1,893 square toes at list rate of $127 for each square foot.

A lot more: Salina-location home rates increase 3.4% in March, with homes for sale in higher demand

Across the United States, median property rates were $425,000, up 5% from a month previously. The median American dwelling for sale experienced 1,821 sq. feet, shown at $220 per square foot.

Additional: City of Salina marks 3 buildings as unsafe buildings, like a lodge

The median residence checklist value — the midway level of all the properties or models shown around a interval of time — is used a lot more often in this report as a substitute of the typical house list value mainly because experts say the median offers a extra exact see of what is going on in a marketplace. In obtaining the regular cost, all costs of residences mentioned are additional and then divided by the quantity of households marketed. This evaluate can be skewed by 1 small or substantial rate.

The Usa Nowadays Community is publishing localized variations of this story on its news web-sites across the region, created with details from the residential listings database.. The tale was written by Mike Stucka and Sean Lahman.

This report at first appeared on Salina Journal: Salina-area homes for sale rise to $119,900 median rate