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

The Pulse Of The Kansas City Real Estate Market

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

Using the 20 homes sold in Lenexa Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.6 months of inventory on the market. This amount of inventory indicates a slight seller’s real estate market in the city of Lenexa. The average new listing the past 15 days came on the market around $351,000, while the average sales price during the same time period was around $283,000. 

Type # Average $ Avg DOM
Listings Past 15 Days 60 $351,899
Total Active Listings 182
Newest Contracts Written 46 $290,617 57
Sold (closed) Past 15 Days 20 $283,396 111

* 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 20 homes sold in Lenexa were on the market an average of 111 days, while the 46 homes to go under contract during the same time period did so in 57 days on average. We can assist you with buying or selling a home in Lenexa, so please contact us with any questions you have about real estate in the area. You can also start the process with our detailed website regarding selling a Lenexa Kansas home and buying a Lenexa Kansas home.

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Posted by Jason Brown

 

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