Why Live in Derby
About 11 miles south of Wichita on the east side of the Arkansas River, Derby was actually once called El Paso when founded in 1871. To end the mailing confusion with El Paso, Texas, the city changed its name to Derby, although the name El Paso can still be found on streets, businesses, and schools. The city's population has grown from less than 500 in 1950 to more than 26,000 in 2023, and a lot of it has to do with its growing identity as a thriving Wichita suburb known for its community events, 500-plus acres of parkland and attractions that draw people from all over the region. "When I grew up in Derby, it was more of a bedroom community – just a sleepy little suburb where you raised a family while you worked in Wichita," says Elizabeth Stanton, a member of Derby City Council and a Realtor with Real Broker. "That's not the case anymore. Derby is probably one of the best examples of a tiny town turning itself into a sustaining community. People don't have to go to Wichita anymore. They eat, work and play here."
The phrase "Green is Magic" is a common motto heard around town, while the Derby water tower lights up green every night. It's all to show pride for the Derby Panthers'
Home Trends in Derby, KS
On average, homes in Derby, KS sell after 51 days on the market compared to the national average of 50 days. The median sale price for homes in Derby, KS over the last 12 months is $241,500, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$241,500
Median Single Family Sale Price
$365,000
Average Price Per Sq Ft
$158
Number of Homes for Sale
59
Last 12 months Home Sales
478
Median List Price
$364,870
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-11%