$6,500
Land
Joshua Ames, Listing Office: KINGREY REAL ESTATE
Is Baxter Springs, KS a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$115,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$25,300(+28.2%)
Key Takeaway
Homes in Baxter Springs have sold for 28.2% more than they did a year ago.
Summary: The median home sold price in Baxter Springs was $115,000 in August 2024, up 28.2% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $16K | $27.5K | +71.9% |
| 2 Bedrooms | $69.3K | $56.5K | -18.6% |
| 3 Bedrooms | $111.5K | $124K | +11.2% |
| 4 Bedrooms | $107K | $240K | +124.3% |
| 5+ Bedrooms | $231.5K | - | N/A |
Summary: Baxter Springs housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.9%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 124.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Garden Township | $135K | $205K | +51.9% |
| Baxter Springs | $89.7K | $115K | +28.2% |
Housing Supply in Baxter Springs, KS
How many homes are available in Baxter Springs, KS?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The Baxter Springs real estate market had 53 homes for sale in August 2024, a 8.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Baxter Springs housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baxter Springs, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Baxter Springs in August 2024, up by 350.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 82 Days | 78 Days | -5.0% |
Summary: Homes in Baxter Springs had an average of 78 days on market in Aug 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Baxter Springs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 9 homes were sold in Baxter Springs; 22% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.