Overland Park Kansas real estate report ~ April 2019: Latest news on the strong Seller’s market & Overland Park homes for sale

The Jason Brown Group

Overland Park Kansas Real Estate Update

There were 128 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing that sales volume to the 464 homes currently for sale in Overland Park, the city has 1.8 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s market in Overland Park as we head deeper into the spring market. The average new listing the past 15 days in Overland Park Kansas came on the market around a $404,000 list price and the average sales price of homes closed during the same time period was nearly $380,000.

Type # Average $ Avg DOM
Listings Past 15 Days 272 $403,883
Total Active Listings 464
Newest Contracts Written 209 $366,022 47
Sold (closed) Past 15 Days 128 $379,747 79

* 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 128 homes sold in Overland Park Kansas were on the market an average of 79 days, while the most recent 209 homes to go under contract did so in 47 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 Overland Park 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 Overland Park home or buying an Overland Park home.

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

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Posted by Jason Brown

Overland Park Kansas Real Estate Update – February 2011

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

After looking over the past 15 days of Overland Park Kansas real estate activity, I used the figures to calculate the city’s short-term absorption rate. After taking into account the 946 homes for sale in Overland Park, we find there’s 10.8 months of inventory on the market. This is high and Overland Park home sellers need an improvement on an 88 home sale a month pace to eat into the 900+ homes for sale in Overland Park.

Type

#

Average $

Avg DOM

Listings Past 15 Days

158 $297,623

Total Active Listings

946

Newest Contracts Written

93 $260,111 157

Newest Sold (Closed)

44 $240,785 132

* 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.

There’s great news in the 94 homes that went under contract during the same 15-day period — that’s more than double the number of homes that closed. If we were to assume all those 94 homes under contract will close (and use that figure to calculate the absorption rate), we’d find there’s 5.1 months of real estate inventory in Overland Park.  5 to 7 seven months of inventory is considered a stable market, so let’s hope the sales trend continues. Still, average prices are a concern with the average home coming on the market around $297,000 but the average home selling for about $240,000.

When buying and selling real estate in Overland Park, you’ll want an agent who is on top of the area’s market conditions. Factoring in the current market conditions is the only way to ensure you are making a sound home purchase or sale. Please contact me when you’re ready for personalized real estate service.

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Posted by Jason A. Brown

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