Comments Off on Olathe Kansas Real Estate Market Update – January 2014 Update

Checking The Pulse Of The Kansas City Real Estate Market

Olathe Kansas Real Estate Update
Recent Real Estate Market Activity In Olathe KS

Using the 34 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 6.5 months of inventory on the market. This amount of inventory indicates a balanced real estate market in the city of Olathe. The average new listing the past 15 days came on the market around $214,000, while the average sales price during the same time period was around $221,000.

Type # Average $ Avg DOM
Listings Past 15 Days 58 $213,600
Total Active Listings 439
Newest Contracts Written 57 $197,518 103
Sold (closed) Past 15 Days 34 $221,006 70

* 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 last 34 homes sold in Olathe Kansas were on the market an average of 70 days, while the last 57 homes to go under contract Olathe did so in 103 days on average. We can help you with selling or buying a home in Olathe and please contact us with any questions you have about real estate in the area. You can start the process online with detailed real estate information regarding selling an Olathe Kansas home and buying an Olathe Kansas home.

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Posted by Jason Brown

 

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