Overland Park Kansas Real Estate Market Update – March 2014 Update

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 54 homes sold in Overland Park Kansas the past 15 days to calculate the absorption rate in the city, we find there’s currently 4.9 months of inventory on the market. This amount of inventory indicates a very slight 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 $221,000.

Type # Average $ Avg DOM
Listings Past 15 Days 175 $309,402
Total Active Listings 525
Newest Contracts Written 140 $285,259 77
Sold (closed) Past 15 Days 54 $221,411 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 54 homes sold in Overland Park Kansas were on the market an average of 62 days, while the last 140 homes to go under contract were on the market an average 77 days. We can assist you with buying or selling a home in Overland Park, so please contact us so we can help evaluate your real estate options. 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

Search All Overland Park Kansas MLS Listing

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Listing Agents In Overland Park Kansas

Buyer’s Agents In Overland Park Kansas

Posted by Jason Brown

 

Overland Park Kansas Real Estate Market Update – January 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 Overland Park Kansas and comparing it to the current volume of homes for sale in the city, we find there’s 7.5 months of inventory on the market. This amount of inventory indicates a buyer’s real estate market in the city of Overland Park. While the low number of homes sold (35 homes closed) was surprising, what’s really interesting is the huge number of homes that went under contract (127) during the same period. If we were to assume all those homes will make it to closing, and use that sales rate rather than the homes sold, it would calculate to 2.1 months of inventory — a low volume of inventory that we haven’t seen in nearly a decade in Overland Park.

Type # Average $ Avg DOM
Listings Past 15 Days 119 $281,545
Total Active Listings 528
Newest Contracts Written 127 $253,944 95
Sold (closed) Past 15 Days 35 $238,908 83

* 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 $281,000, while the average sales price was nearly $239,000. We can assist you with buying or selling a home in Overland Park, so please contact us with all of your real estate related questions. You can also find more details here regarding selling an Overland Park Kansas home and with buying an Overland Park Kansas home.

Overland Park Kansas Real Estate Information

Search All Overland Park Kansas MLS Listing

View More Local Market Stats

Listing Agents In Overland Park Kansas

Buyer’s Agents In Overland Park Kansas

Posted by Jason Brown