Fairway, KS 66205 Real Estate Market Report

ZIP Code: 66205
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Fairway, KS is currently $387,000, reflecting a strong market despite a yearly dip in pricing. The neighborhood has experienced an upward price trend, with the overall market temperature described as hot. This suggests that while the median sold price has decreased compared to previous periods, the current market dynamics indicate robust buyer interest and activity, as evidenced by the recent month-over-month price appreciation.

Inventory conditions are characterized by elevated inventory levels relative to sales activity, with a median days on market of 217. This extended time frame may indicate slower sales velocity, which could create opportunities for buyers to negotiate better terms. The current median listing price stands at $399,950, suggesting potential pricing friction as sellers adjust expectations to align with market realities.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates near Fairway KS at 6.01% are 0.37% lower than the recent 2026 average of 6.38%, indicating a favorable market for refinancing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $387,000 is the median sold price, indicating strong market activity despite recent price fluctuations.

2. The market temperature is hot, suggesting high buyer demand and competitive conditions.

3. Median days on market is 217, reflecting slower sales velocity and potential opportunities for negotiation.

4. Median listing price of $399,950 indicates pricing friction as sellers may need to adjust expectations to align with buyer sentiment.

5. Median market rent stands at $1,920, showing a down trend in rental pricing despite tight supply.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.