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The Pulse Of The Kansas City Real Estate Market

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

Using the 40 homes sold in Olathe Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 5.4 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 $327,000, while the average sales price during the same time period was around $234,000.

Type # Average $ Avg DOM
Listings Past 15 Days 136 $326,500
Total Active Listings 435
Newest Contracts Written 130 $258,024 75
Sold (closed) Past 15 Days 40 $233,379 85

* 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 40 homes sold in Olathe Kansas were on the market an average of 85 days, while the 130 homes to go under contract during the same time period did so in 75 days on average. We can assist you with buying or selling a home in Olathe, so contact The Jason Brown Group with all of your area real estate questions. You can also start the process by finding detailed real estate information on our site regarding selling an Olathe Kansas home and buying an Olathe Kansas home.

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Posted by Jason Brown

 

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