Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Statistics On Shawnee Kansas
15 Day Glance At The Shawnee KS Real Estate Market
After calculating the absorption rate over the past 15 days in Shawnee Kansas, we find the city has 6.4 months of inventory currently on the market. This amount of inventory is considered a buyer’s market but the city is getting closer to a balanced amount of inventory. During the past 15 days, 67 homes went under contract and that figure was nearly triple the volume of homes sold (closed). If we instead used the homes that went under contract to calculate the absorption rate in Shawnee Kansas, there’s just 2.3 months of inventory on the market.
| Type | # | Average $ | Avg DOM |
| Listings Past 15 Days | 97 | $231,487 | – |
| Total Active Listings | 309 | – | – |
| Newest Contracts Written | 67 | $230,143 | 121 |
| Newest Sold (Closed) | 24 | $195,791 | 170 |
* The Average $ of Newest Contracts Written considers the list price when the homes went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in a category can skew results. Stats cover approximately 15 days from post date. DOM = Days On Market.
The amount of inventory across the city is much lower than it has been in recent years and less supply means higher home sale prices. If you’re making plans to buy or sell a home in Shawnee Kansas, my real estate group provides expert representation to area home buyers and home sellers. We can guide you through process and here’s info on how we assist Shawnee Kansas home sellers and Shawnee Kansas home buyers. Please contact us with any questions you may have.
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Posted by Jason Brown
