Overland Park Kansas real estate market update ~ March 2020

The Jason Brown Group

Overland Park Kansas Real Estate Update

There were 80 homes sold (closed) in Overland Park Kansas the past 15 days. Comparing that sales volume to the 332 homes currently for sale in Overland Park, the city has 2.1 months of inventory on the market. This volume of real estate inventory indicates a strong seller’s market in Overland Park as we head into spring. The average new listing the past 15 days in Overland Park Kansas came on the market in the $420’s price range, while the average sales price of homes closed during the same time period was in the $350’s.

Type # Average $ Avg DOM
Listings Past 15 Days 184 $426,958
Total Active Listings 332
Newest Contracts Written 173 $372,390 70
Sold (closed) Past 15 Days 80 $356,701 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 80 homes sold in Overland Park Kansas were on the market an average of 79 days, while the most recent 173 homes to go under contract did so in 70 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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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 81 homes sold in Overland Park the past 15 days to calculate the absorption rate in the city, we find there’s currently 3.8 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 $290,000, while the average sales price during the same time period was around $274,000.

Type # Average $ Avg DOM
Listings Past 15 Days 129 $289,694
Total Active Listings 615
Newest Contracts Written 109 $292,281 59
Sold (closed) Past 15 Days 81 $274,295 63

* 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 81 homes sold in Overland Park were on the market an average of 63 days, while the last 109 homes to go under contract did so in 59 days on average. We can assist you with buying or selling a home in the Overland Park Kansas area, so please contact us for assistance. 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.

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Overland Park Kansas Real Estate Market Stats – August 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 3.5 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 112 homes sold were on the market an average of just 65 days and had an average sales price of nearly $243,000. The average price on the new listings to hit the market the past 15 days was nearly $304,000.

Type # Average $ Avg DOM
Listings Past 15 Days 142 $303,517
Total Active Listings 774
Newest Contracts Written 150 $286,472 101
Sold (closed) Past 15 Days 112 $242,963 65

* 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 150 homes that went under contract the past 15 days is just as impressive as the volume of homes sold (closed) in Overland Park as the local market continues to improve for home sellers. If you’re considering purchasing or selling a home the Overland Park Kansas area, we look forward to assisting you through the process. Contact us to let us know about the areas and price range of homes that interest you. Get more details here regarding selling an Overland Park home and buying an Overland Park home. If you have specific questions, please contact us for assistance.

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Posted by Jason Brown

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Overland Park Kansas Real Estate Update – May 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 calculating the absorption rate over the past 15 days in Overland Park Kansas, we find the city has 9.2 months of inventory currently on the market. This amount of inventory represents a continuation of a buyer’s market in Overland Park Kansas. Though the numbers of home sold (closed) the past 15 days wasn’t too impressive, more than double that number of homes went under contract. If the 143 homes that went under contract were to make it the closing table, the amount of inventory (calculated on the current volume of 1,150 homes for sale in Overland Park) could be re-calculated at right around 4 months of inventory. 

Type

#

Average $

Avg DOM

Listings Past 15 Days

183 $280,675

Total Active Listings

1,150

Newest Contracts Written

143 $273,525 97

Newest Sold (Closed)

63 $234,684 107

* 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.

Home sellers in Overland Park who did get their homes under contract the past 15 days did so in an impressive 97 days on average. It’s concerning though that the average priced new listing came on the market around $280,000, while the average sales price was in the mid $230’s. If your real estate goals involve buying or selling a home in Overland Park Kansas or the surrounding area, please contact me to discuss how we can assist you. We look forward to learning the details surrounding your plans to buy or sell an area home and helping you achieve your real estate goals. 

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Posted by Jason A. Brown

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Overland Park Kansas Real Estate Update – October 2009

Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market


City of Overland Park KS Real Estate Update
Past 15 Days of Overland Park Kansas Real Estate Stats
Type
#
Average $
Avg DOM
Listings Past 15 Days
131 $237,676
Total Active Listings
1,025
Newest Contracts Written
127 $233,480 86
Newest Sold (Closed)
121 $253,403 126

* 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.

Overland Park KS

Overland Park KS

Using these past 15 days of market stats to figure the absorption rate in Overland Park, there’s currently 4.2 months of inventory on the market.  This is good in our current real estate market and continues to show that Overland Park is one of the most solid real estate markets in the Kansas City area. It’s good to see that almost as many homes sold (121) as homes that came on the market (131) during this 15 day period.

Even better news is the $253,000 average sales price, which is even higher than the average sales price of the homes that came on the market. This is not something I’d expect to see in our current. Now do keep in mind that looking at 15 days of market stats is just a small snap shot of local Overland Park KS activity. Market conditions vary greatly from one part of the city to another, so be sure to contact me for real estate stats on the specific area of Overland Park that you’re interested.

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Posted by Jason A. Brown

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