Realtor.com ranks Topeka third hottest housing market in the U.S.

Topeka continues to top real-estate charts, coming in at No. 3 in a recent Realtor.com analysis of January’s hottest housing markets in the U.S.

Though Topeka has previously landed in the top 10, this is the first time Kansas’ capital city has ranked among the top three hottest real estate markets in the country. Realtor.com’s analysis also revealed Topeka had the most affordable median list price of any locale ranked in the top 20 spots.

“January temperatures in Topeka can be chilly, but our area’s housing market is anything but,” said Linda Briden, CEO of the Sunflower Association of REALTORS. “Topeka’s housing market continues to provide some of the best buys in the country when it comes to bang for your buck. We’re an attractive community that offers amenities similar to that of a larger city, but with a small-town feel and surprising affordability. I can certainly see why we’ve landed near the top of Realtor.com’s list.”

Realtor.com’s report recorded Topeka’s median list price for January as $159,900 — more than $40,000 below the second-lowest median list price among cities ranked in the top 20. The ranking of hottest housing markets was determined by taking into account market demand and how quickly homes are selling in an area. Topeka was the only Midwest city in Realtor.com’s top 10 spots, with most cities on the list located near the coasts.

“Wow! It’s incredible to see Topeka named one of the hottest housing markets in the U.S. — especially with this coming on the heels of our top-three emerging market ranking in the Wall Street Journal last year,” said Matt Pivarnik, CEO of the Greater Topeka Partnership. “I’ve said it before, and I’ll say it again: Topeka is an exceptional place to live, work and play, and people across the country are starting to realize that. The sky is truly the limit, and I can’t wait to see where we are five, 10 years down the road, as we continue to attract young talent and families.”