The residential real estate market in Riley County continues to be active despite the pandemic.
Speaking to the county commission Thursday, County Appraiser Greg McHenry says they are keeping a close on the market. While this has been a national trend as well, McHenry says the activity in the county has been more consistent.
Some of the factors going into the active market are the time to market is shorter compared to last year, and there are more buyers than sellers.
McHenry says Mar 1 is around the time new prices appear on the market, since the buying season is typically between Mar and Aug. The county has already seen 119 real estate sales in 2021, with 97 of those being homes.
The median sale price for homes was $202,500 with average sale price at $217,921.
The average value of an existing single family home increased about 2.2% over the past year. McHenry says the most popular homes selling are the entry level single family residences, especially if they are under $200,000.
