Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Shawnee Kansas
Recent 15 Days of Shawnee KS Market Activity
Looking over the past 15 days of Shawnee Kansas real estate market stats to figure the city’s absorption rate, there’s 4.4 months of inventory. This is not bad at all and Shawnee has posted back-to-back reasonable reports. The inventory is clearly being worked off at a decent rate though it should be noted trouble could be on the horizon. I’m concerned about having just 25 homes go under contract over the past 15 days. At that rate, there’s closer to 8 months of inventory on the market.
Type |
# |
Average $ |
Avg DOM |
Listings Past 15 Days |
60 | $225,852 |
– |
Total Active Listings |
407 |
– |
– |
Newest Contracts Written |
25 | $255,922 | 84 |
Newest Sold (Closed) |
46 | $207,469 | 119 |
* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.
As with other local cities, we are still facing the problem of sellers believing there homes are worth more ($225,852) than homes are selling for ($207,469) the past 15 days. There’s a pleasant surprise in that the average priced home to go under contract the past 15 days was $255,922.
Shawnee Kansas is a popular Kansas City suburb located in Johnson County Kansas. If you’re considering selling or buying a Shawnee KS home, we’ll get you the market stats specific to your preferred area. We’ll help you make an informed real estate decision, so please let us know whenever you have questions or need community-specific market stats.
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Posted by Jason A. Brown