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

The Pulse Of The Kansas City Real Estate Market

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

Using the 73 homes sold in Olathe the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.1 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Olathe Kansas. The average new listing the past 15 days came on the market around $248,000, while the average sales price during the same time period was around $225,000.

Type # Average $ Avg DOM
Listings Past 15 Days 177 $247,838
Total Active Listings 447
Newest Contracts Written 147 $230,622 53
Sold (closed) Past 15 Days 73 $224,870 58

* 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 73 homes sold in Olathe Kansas were on the market an average of 58 days, while the last 147 homes to go under contract were on the market 53 days on average. We can assist you with buying or selling a home in Olathe, so please contact us with any questions you have about real estate in the area. You can also find detailed real estate information on our site regarding selling an Olathe Kansas home and with buying a Olathe Kansas home.

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Posted by Jason Brown

 

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