Is Baxter Springs, KS a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baxter Springs is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Baxter Springs has remained a Seller's Market.

Key Takeaway

Baxter Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Baxter Springs, KS

How much do homes in Baxter Springs, KS cost?

Median Sold Price

$115,450

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,500(+28.3%)

Key Takeaway

Homes in Baxter Springs have sold for 28.3% more than they did a year ago.

Summary: The median home sold price in Baxter Springs was $115,450 in May 2024, up 28.3% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $16K$15K
-6.3%
2 $73.3K$44K
-40.0%
3 $102.5K$124K
+21.0%
4 $160K$220K
+37.5%
5+ $279K$210K
-24.7%

Summary: Baxter Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 24.7%.

Median Sold Price Compared To Nearby Cities

Garden Township
+50.0%
Baxter Springs
+28.3%

Housing Supply in Baxter Springs, KS

How many homes are available in Baxter Springs, KS?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3642+16.7%

Summary: The Baxter Springs real estate market had 42 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1012
+20.0%
3 1719
+11.8%
4 911
+22.2%
5+ 00
0.0%

Summary: The Baxter Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baxter Springs, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Baxter Springs in May 2024, up by 42.9% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for Baxter Springs, KS

How long does it take to sell a home in Baxter Springs, KS?

Average Sale Time

May 2023May 2024CHANGE
69 Days76 Days+10.4%

Summary: Homes in Baxter Springs had an average of 76 days on market in May 2024, up by 10.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Baxter Springs has remained consistent over time.

Summary: During May 2024, 10 homes were sold in Baxter Springs; 0% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Baxter Springs, KS

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