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Featured local agent — Riley, KS
Sarah Mitchell
Compass Real Estate · Riley, KS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Riley, KS Housing Market
The typical home in Riley, KS is worth $229,776, rose 5.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $244,900, +81.4% year over year (through May 2026). With homes going under contract in about 5 days, Riley is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $229,776 home is about $1,227/mo in principal and interest.
Key numbers for Riley, KS
Typical home value
$229,776
+5.3% in 12 months
Zillow, August 2026
Median sale price
$244,900
+81.4% year over year
Redfin, through May 2026
Days on market
5
Fast-moving
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$78,125
Home costs 2.9x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Riley a buyer's or seller's market?
Riley, KS is a balanced market and homes selling in about 5 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Riley housing market data show?
Every row below is Redfin's final published month for Riley, KS. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $244,900 |
| Median list price | $205,000 |
| Year-over-year price change | +81.4% |
| Median price per sq ft | $203/sq ft |
| Median days on market | 5 days |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Riley is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Riley is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Riley home prices moved?
Over the last three years the median sale price in Riley, KS rose 53.1%, from $160,000 to $244,900. The live Zillow value series has rose 5.3% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Riley?
Priced off the typical home value of $229,776 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $45,955 | $183,821 | $1,227/mo |
| 5% | $11,489 | $218,287 | $1,457/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,227, that implies roughly $52,572 a year before you add taxes and insurance. The median household in Riley earns $78,125, about $25,553 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.9x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Riley in the next 12 months?
Tell us your timeline. We send the Riley market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Riley?
Zillow does not publish a rent index (ZORI) for Riley, KS, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Riley?
Active listings in Riley, KS went from 7 in March 2025 to 1 in March 2026, a -85.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 7 | 1 |
| May 2025 | 7 | 2 |
| June 2025 | 3 | 1 |
| July 2025 | 6 | 4 |
| August 2025 | 7 | 4 |
| September 2025 | 5 | not published |
| October 2025 | 4 | 2 |
| November 2025 | 6 | 2 |
| December 2025 | 3 | 2 |
| January 2026 | 5 | 2 |
| February 2026 | 3 | not published |
| March 2026 | 1 | 1 |
Redfin, through March 2026
How does Riley compare to Kansas and the U.S.?
Riley homes sell for $244,900 — 23% below the Kansas median of $316,300. Against the national median of $410,700, Riley runs 40% lower. Year-over-year, Riley moved +81.4% against Kansas's +2.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Riley, KS | $244,900 | +81.4% | 5 days |
| Kansas statewide | $316,300 | +2.6% | 19 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Riley
What buyers should watch
- The gap between 5% and 20% down here is $230 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $229,776 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Riley listing goes under contract in 5 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Riley added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +5.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Riley varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Riley
Explore homes currently listed for sale in Riley, Kansas across major real estate platforms.
How much do homes cost in Riley by property type?
How the Riley, KS market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $244,900 | $203/sq ft | 1 | 5 days |
| Condo / co-op | $159,900 | $143/sq ft | 1 | 20 days |
Who lives in Riley?
American Community Survey estimates for Riley. U.S. Census ACS, 2023
Population
826
Households
303
Median income
$78,125/yr
Median age
36.9 years
Owner-occupied
89.8%
Median home value
$164,000
Median gross rent
$1,301/mo
Mean commute
26.1 min
89.8% of occupied homes in Riley are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $164,000 against Zillow's $229,776 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Riley?
2 schools tracked · 712 students
The largest public schools serving Riley, KS by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Riley County Grade School
Grades PK-8 · 499 students
Riley County High School
Grades 9-12 · 213 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Riley, KS?
Ordered by distance from Riley, not by size. Compare Riley side by side with any of them.
Riley housing market FAQ
Is Riley a buyer's or seller's market?
Riley, KS is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Riley?
The typical home in Riley, KS is worth $229,776 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $244,900, about $203 per square foot.
Is Riley cheaper than the rest of Kansas?
Riley's median sale price of $244,900 is 23% lower than the Kansas statewide median of $316,300, and 40% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Riley?
Homes in Riley, KS spent a median of 5 days on market before going under contract, versus 19 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Riley?
At the current 30-year fixed rate of 7.03%, 20% down on a $229,776 home is about $1,227 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $52,572 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $78,125.
Are home prices rising in Riley?
The typical home value in Riley, KS rose 5.3% over the last 12 months, from $218,187 to $229,776 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Riley?
Riley ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Riley?
That depends on your timeline, not on a headline. What the data says today: Riley, KS is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $229,776, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.