Topeka no longer #1 emerging real estate market
TOPEKA ( KSNT ) – Last year the Wall Street Journal placed the Capital City in the top slot for its emerging housing market study. In the most recent study, Topeka fell from the top spot.
Last year, for the first time in the history of the Wall Street Journal Emerging Housing Market analysis, Topeka took the top spot. In the most recent report , Topeka dropped 15 spots to 16th.
According to Realtor.com , Topeka taking the top slot was connected to a 9.9% increase in out-of-metro market watchers.
According to Zillow housing data , Topeka home prices were forecasted to decrease by 1.8% in 2024. Now, Zillow is predicting a 2.5% increase in home prices for 2025. Home prices in the Capital City have increased by 5% in the last eight months.
Despite the optimistic forecast, the average price of homes steadily increased in the Capital City in 2024. In January, the average home price was $196,630. As of Aug. 31, the average home price was $206,802.
