Overland Park Kansas Real Estate Market Update – January 2014 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Using the 50 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 5.0 months of inventory on the market. This amount of inventory is bordering between a seller’s real estate market and a balanced real estate market in Overland Park Kansas. The average new listing the past 15 days came on the market around $326,000, while the average sales price during the same time period was around $256,000.

Type # Average $ Avg DOM
Listings Past 15 Days 125 $325,761
Total Active Listings 504
Newest Contracts Written 113 $256,523 78
Sold (closed) Past 15 Days 50 $255,736 80

* 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 50 homes sold in Overland Park were on the market an average of 80 days, while the last 113 homes to go under contract during the same time period did so in 78 days on average. We can assist you with buying or selling a home in Overland Park Kansas, so please contact us with any questions you have about real estate in the area. You can located in depth real estate on our website regarding selling an Overland Park Kansas home or buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – October 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Using the 109 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.8 months of inventory on the market. This amount of inventory indicates a seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $287,000, while the average sales price during the same time period was around $270,000.

Type # Average $ Avg DOM
Listings Past 15 Days 147 $287,123
Total Active Listings 617
Newest Contracts Written 117 $264,559 61
Sold (closed) Past 15 Days 109 $269,980 57

* 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 109 homes sold in Overland Park were on the market an average of 57 days. We can assist you with buying or selling a home in Overland Park, so please contact us with any questions you have about Overland Park real estate. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home or buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – September 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Using the 124 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 2.5 months of inventory on the market. This amount of inventory indicates a strong seller’s real estate market in the city of Overland Park. The average new listing the past 15 days came on the market around $309,000, while the average sales price during the same time period was around $233,000.

Type # Average $ Avg DOM
Listings Past 15 Days 136 $308,780
Total Active Listings 606
Newest Contracts Written 127 $271,387 63
Sold (closed) Past 15 Days 124 $233,250 56

* 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 124 homes sold in Overland Park were on the market an average of 56 days. We assist home buyers and home sellers across the city of Overland Park Kansas, so please contact us with any real estate questions you may have. You can also start the process by finding detailed real estate information on our site regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

Overland Park Kansas Real Estate Information

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Overland Park Kansas Real Estate Market Update – February 2013 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Market Activity In Overland Park KS

Looking at the past 15 days of real estate sales activity in the city of Overland Park Kansas and comparing it to the current volume of homes for sale in Overland Park, we find there’s 5.4 months of inventory in the city. This amount of inventory indicates a balanced real estate market in the Overland Park and the average new listing the past 15 days came on the market around $265,000.

Type # Average $ Avg DOM
Listings Past 15 Days 158 $264,597
Total Active Listings 531
Newest Contracts Written 145 $275,443 57
Sold (closed) Past 15 Days 49 $265,354 97

* 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 average home sold (closed) in Overland Park the past 15 days had a sales price of nearly $265,000 and was on the market 97 days. If you are considering buying or selling a home in Overland Park, please contact us with any real estate questions you have or to request market stats specific to your area of interest. You can also find more details here regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

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Overland Park Kansas Real Estate Market Update – December 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park KS

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 3.4 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Overland Park. The last 87 homes sold (closed) in Overland Park Kansas were on the market an average of 87 days and had an average sales price of nearly $249,000.

Type # Average $ Avg DOM
Listings Past 15 Days 77 $293,453
Total Active Listings 585
Newest Contracts Written 71 $247,794 72
Sold (closed) Past 15 Days 87 $248,654 114

* 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 average new listing the past 15 days came on the market around $293,000. If you are considering buying or selling a home in Overland Park Kansas, my group can help you through the real estate process. Find more details here regarding selling an Overland Park Kansas home and buying an Overland Park Kansas home. If you have specific real estate questions, don’t hesitate to contact us for assistance.

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Overland Park Kansas Real Estate Market Update – November 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 4.5 months of inventory currently on the market. This amount of inventory is considered a slight seller’s real estate market in the city of Overland Park. The average sales price the past 15 days in Overland Park was nearly $260,000, while the average new listing came on the market around $282,000.

Type # Average $ Avg DOM
Listings Past 15 Days 85 $282,243
Total Active Listings 641
Newest Contracts Written 86 $286,005 94
Sold (closed) Past 15 Days 72 $259,655 101

* 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 days on market is trending slightly higher in Overland Park, with the last 72 homes sold having been on the market an average of 101 days. Should you be making plans to buy or sell a home in Overland Park Kansas, my real estate group can help guide you through the process. You can locate detailed information on my website regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home. If you have specific questions, please contact us for assistance.

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Overland Park Kansas Real Estate Market Stats – October 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park KS

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 4.1 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Overland Park. The homes sold (closed) the past 15 days in Overland Park had an average sales price around $284,000, while the average new listing came on the market at nearly $318,000.

Type # Average $ Avg DOM
Listings Past 15 Days 132 $317,924
Total Active Listings 705
Newest Contracts Written 129 $263,587 78
Sold (closed) Past 15 Days 87 $283,505 104

* 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 homes sold the past 15 days in Overland Park averaged 104 days on market. If you’re considering buying or selling a home in Overland Park we can provide you market stats on any specific subdivision. You can also find more details here regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home. Please contact us with any questions.

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Overland Park Kansas Real Estate Market Stats – June 2012 Update

Checking The Pulse Of The Kansas City Real Estate Market

Overland Park Kansas Real Estate Update
Recent Real Estate Activity In Overland Park

Using the past 15 days of real estate sales activity in Overland Park Kansas to calculate the city’s absorption rate, we find there’s 2.9 months of inventory currently on the market. This amount of inventory is considered a seller’s real estate market in the city of Overland Park and it’s the lowest amount of inventory I’ve seen in the city in several years. The last 132 homes sold in Overland Park were on the market an average of just 85 days.

Type # Average $ Avg DOM
Listings Past 15 Days 187 $277,368
Total Active Listings 780
Newest Contracts Written 151 $285,297 89
Sold (closed) Past 15 Days 132 $269,998 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 current pending home sales the past 15 days has outpaced the homes sold (closed), so the amount of inventory is likely to become even more favorable for Overland Park home sellers in the near future. We assist Overland Park Kansas home sellers and home buyers every day, so if you’re considering purchasing or selling a home the Overland Park area, contact my real estate group for assistance. Get more details here regarding selling an Overland Park home or buying an Overland Park home. If you have questions, contact us here.

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Overland Park Kansas Real Estate Market Update – February 2012

Checking The Pulse Of The Kansas City Real Estate Market

Real Estate Statistics On Overland Park Kansas
15 Day Glance At The Overland Park KS Real Estate Market

After calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 5.1 months of inventory currently on the market. This is considered a balanced real estate market and the city of Overland Park continues to be one of the Kansas city metros most stable real estate areas. The average sales price the past 15 days was around $248,000 and the average new listing came on the market around $292,000.

Type # Average $ Avg DOM
Listings Past 15 Days 135 $292,117
Total Active Listings 726
Newest Contracts Written 106 $248,562 115
Newest Sold (Closed) 71 $248,217 121

* 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 71 homes to sell in Overland Park did so in an average of 121 days. If you’re making plans to buy or sell a home in Overland Park Kansas, my real estate group can guide you through the process. Here’s information on how we can assist you with selling your Overland Park home and with buying an Overland Park home. Please contact us with any questions you may have about the area or purchasing or listing an area home.

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For The Majority Of Overland Park Home Buyers, It’s All About The Price

Checking The Pulse Of The Kansas City Real Estate Market

Choosing an appropriate list price will always be a critical step in the home selling process. But it’s more important than ever in today’s buyer’s market because, for the majority of home buyers in Overland Park, Johnson County Kansas and the surrounding Kansas City area, it’s all about the money they’re paying for a home. If the price isn’t right, buyers are moving on and leaving sellers in the dust. This fact makes it hard for many home sellers who, while trying to arrive at an appropriate list, have heavy burdens on them like trying to break even, considering a short sale if they’re upside down or just trying to net as much as possible on the sale and move on.


Though the market has improved in the past year, we remain in a buyer’s market and until that changes buyers are going to demand a great deal. It’s the law of supply and demand and buyers today certainly recognize they have the bull by the horns. They feel that they must get a good deal while the time is right and to also avoid losing money should property values fall in the near future. Still, for every home there’s a price that will sell the home and finding that price early in the process and avoiding a lengthy stay on the market is almost always in a seller’s best interest.

Seller’s need to be smarter than their neighbor when selling and understand that the over-priced listing down the street is not a reason to also be over-priced — it’s a reason to price the home BELOW them. There’s more supply (sellers) than demand (buyers) in today’s market and it’s possible some of the neighborhood homes will never sell. Or some will take a lot longer than others to sell. If a seller doesn’t want to be THAT home, then pricing ahead of the competition is advised and essentially the neighbors over-priced listing will push buyers their way.


Posted by Jason Brown

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