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 neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Baxter Springs was a Seller's Market.

Key Takeaway

Baxter Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Baxter Springs, KS

How much do homes in Baxter Springs, KS cost?

Median Sold Price

$115,900

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,150(+29.1%)

Key Takeaway

Homes in Baxter Springs have sold for 29.1% more than they did a year ago.

Summary: The median home sold price in Baxter Springs was $115,900 in October 2024, up 29.1% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $15.5K$26K
+67.7%
2 $60K$73.9K
+23.0%
3 $119K$124K
+4.2%
4 $107K$235K
+119.6%
5+ $210K-
N/A

Summary: Baxter Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.7%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 119.6%, and 5+ bedroom homes did not change.

Housing Supply in Baxter Springs, KS

How many homes are available in Baxter Springs, KS?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4143+4.9%

Summary: The Baxter Springs real estate market had 43 homes for sale in October 2024, a 4.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 97
-22.2%
3 2122
+4.8%
4 57
+40.0%
5+ 22
0.0%

Summary: The Baxter Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 83.3% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Baxter Springs in October 2024, down by 30.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
64 Days90 Days+39.5%

Summary: Homes in Baxter Springs had an average of 90 days on market in Oct 2024, up by 39.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 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 October 2024, 7 homes were sold in Baxter Springs; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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 23 Days Ago

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