Olathe Kansas real estate update ~ June 2019: Olathe market stats and home trends

The Jason Brown Group

Olathe Kansas Real Estate Update

There were 121 homes sold (closed) in Olathe Kansas the past 15 days. Comparing that sales volume to the 431 homes currently for sale in Olathe, the city has 1.8 months of inventory on the market. This volume of real estate inventory indicates a seller’s market in Olathe and a continued shortage of available homes in the city. The average new listing the past 15 days in Olathe Kansas came on the market around a $352,000 list price and the average sales price of homes closed during the same time period was nearly $318,000.

Type # Average $ Avg DOM
Listings Past 15 Days 172 $351,973
Total Active Listings 431
Newest Contracts Written 128 $328,357 37
Sold (closed) Past 15 Days 121 $318,230 62

* 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 121 homes sold in Olathe Kansas were on the market an average of 62 days, while the most recent 128 homes to go under contract did so in 37 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling a Olathe Kansas home.

The Jason Brown Group provides expert home seller representation, helping home sellers maximize their real estate investments by selling quickly and for top dollar. We provide expert home buyer representation, helping home buyers locate the best available homes on the market, while providing guidance all the way through the real estate process. Learn more about how we can help you with selling an Olathe home or buying an Olathe home.

We look forward to helping you achieve your real estate goals… Contact Jason Brown today!

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Olathe KS real estate update for April 2016… Get details on the Seller’s market & search Olathe homes for sale

The Jason Brown Group

Olathe KS Real Estate Update

There were 86 homes sold (closed) in Olathe Kansas the past 15 days. Comparing this sales rate to the current 311 homes for sale in Olathe, the city has 1.8 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s real estate market in Olathe. The average new listing the past 15 days in Olathe Kansas came on the market around a $283,000 list price, while the average sales price during the same time frame was nearly $269,000.

Type # Average $ Avg DOM
Listings Past 15 Days 175 $282,564
Total Active Listings 311
Newest Contracts Written 177 $267,673 48
Sold (closed) Past 15 Days 86 $268,905 46

* 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 86 homes sold in Olathe Kansas were on the market an average of 46 days, while the last 177 homes to go under contract did so in 48 days on average. We look forward to helping you assess the effect these market stats have on your your real estate investment and the decisions you make when buying or selling an Olathe Kansas home.

The Jason Brown Group gives Olathe home sellers powerful representation and we get our average listing sold within 60 days and for more than 98% of list price. We represent Olathe home buyer’s best interests throughout the home buying process and help with locating all area homes for sale that fit our buyer’s needs. Get an overview of how we will assist you in selling an Olathe Kansas home or buying an Olathe Kansas home and contact us for personal real estate assistance.

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Olathe Kansas Real Estate Update – September 2010

Checking The Pulse Of The Kansas City Real Estate Market
Real Estate Info for The City of Olathe Kansas
Recent
15 Days of Olathe KS Market Activity

After calculating the absorption rate over the past 15 days in Olathe Kansas, we can determine there’s currently 9.3 months of inventory on the market. This is high and I’m concerned for Olathe home sellers that we’re trending the wrong way. A pace of 114 sales per month isn’t eating quickly enough into the 1,000+ inventory of homes for sale in Olathe. The average new listing came on the market in the $240’s price range, however the average sales prices was in the $190’s over the past 15 days. Based on their list price, the homes that went under contract over the same period are likely to average around a $190’s sales price. It’s clearly a buyer’s market in Olathe Kansas.

Type

#

Average $

Avg DOM

Listings Past 15 Days

146 $241,360

Total Active Listings

1,059

Newest Contracts Written

56 $206,274 162

Newest Sold (Closed)

57 $195,851 110

* The Average $ of Newest Contracts considers the price the homes were listed at when they went under contract. Data pulled from Heartland MLS and deemed reliable but not guaranteed. Low samplings in any category can skew results. Stats may not be an exact 15 days from date of this post. DOM = Days On Market.

The average closed home the past 15 days was on the market for 110 days however over the same time frame, the average home that went under contract was at 162 days — so it’s clearly taking longer for Olathe Kansas home sellers to get action on their homes. If your real estate goals involve buying or selling a home in the city of Olathe KS, please contact me. We look forward to providing you the personalized real estate guidance that will give you an advantage over the competition.

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Posted by Jason A. Brown